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BP, Iberdrola to build 25 MW green hydrogen project in Spain

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BP and Iberdrola have established a 50:50 joint venture to develop a 25 MW green hydrogen project in Castellón, Spain. The project has reached its final investment decision and is set to support the decarbonization of BP’s refinery operations by 2026, reducing CO2 emissions by 23,000 tons annually.

The initiative has secured €15 million in funding from the Spanish Recovery, Transformation, and Resilience Plan, supported by NextGenerationEU. The plant is expected to create up to 500 direct jobs during its construction phase.

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Amara Raja partners with Piaggio India to develop Lithium-Ion cells for EVs

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Mahindra, Volkswagen set to form joint venture for EVs

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Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), a subsidiary of the Volkswagen Group, are reportedly finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms for future product development. This partnership will primarily focus on developing battery-powered SUVs for both Indian and international markets, though it will also include fossil fuel-based models. According to The Economic Times, an official announcement is expected by the end of the year. The collaboration…

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Solarive Techno enters T&D sector

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Solartive Techno Industries Private Limited, a manufacturer of solar pumps and an Engineering, Procurement, and Construction (EPC) contractor, has entered the power transmission and distribution (T&D) sector by securing a contract worth over Rs 2.3 billion from Jharkhand Bijli Vitaran Nigam Limited (JBVNL). The project involves electrifying 60,000 rural households in Chatra and Palamu under the Mukhyamantri Ujjawal Jharkhand Yojana, with completion set for two years. Survey work begins in August 2024, with execution starting…

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