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Government approves BioE3 policy to boost biomanufacturing
The Union Cabinet has approved the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy, proposed by the Department of Biotechnology, aimed at fostering high-performance biomanufacturing in India. The BioE3 policy focuses on innovation-driven support for research and development (R&D) and entrepreneurship across various thematic sectors. It aims to accelerate technology development and commercialization by establishing biomanufacturing and Bio-AI hubs, as well as biofoundries. This policy will further reinforce government initiatives such as achieving a ‘Net…
Thermax, UK firm partner for green hydrogen manufacturing
Thermax has partnered with Ceres Power to manufacture large-scale Solid Oxide Electrolysis Cells (SOEC), crucial for green hydrogen production. Leveraging its expertise in heat integration and waste heat recovery, Thermax will develop and produce pressurised stack array modules (SAM) and SAM balance of modules (SBM), essential for multi-megawatt SOEC electrolyser systems. Under a global license agreement, Thermax will manufacture, sell, and service these systems based on Ceres’ advanced SOEC technology. The collaboration aims to deliver…
Neuron Energy raises Rs 200 million in Series A funding
Neuron Energy, a key player in EV battery manufacturing, has raised Rs 200 million in its Series A funding round from investors including the Chona Family and Capri Global Family Office. The funds will enhance R&D capabilities and establish a state-of-the-art R&D lab in Pune, focusing on battery life, charging times, and cooling systems. The funding will also expand Neuron Energy’s manufacturing with a new 40,000 sq. ft. facility in Delhi, aiming to produce 100…
Dalmia Cement aquires 26 per cent stake in Solsolis Solar Energy
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, has entered into an agreement to acquire 26 per cent of the equity share capital of Solsolis Solar Energy Solutions Private Limited. The acquisition involves 3.02 million equity shares, valued at Rs 30.24 million. This strategic investment will enable Dalmia Cement to source solar power as a captive consumer for up to 11.2 MW in Odisha. The deal, subject to customary conditions, is expected to…
Cero Generation secures funding for 244.7 MW solar projects in Spain
Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power purchase agreement (PPA) with an undisclosed international tech company underpins the project. Engineering and construction will be handled by Elmya and Metlen, with LONGi supplying the solar modules. The projects will generate 480 GWh annually, powering 150,000 homes…
India-GCC trade hits $162 billion, growing ties in energy, defence, and tech
India’s trade with the Gulf Cooperation Council (GCC) reached USD 162 billion last year, accounting for 15% of India’s total trade. This milestone, highlighted by Aseem R Mahajan, Joint Secretary – Gulf, Ministry of External Affairs, was announced during the ‘India MENA Business Dialogue: Bridging Economics, Fostering Growth’ event organised by FICCI. The event emphasised the expanding partnership between India and the Gulf, covering crucial sectors such as energy, defence, security, and health. Despite fluctuations…