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Promethean Energy raises $2 million to scale clean heat solutions in Asia
Promethean Energy has secured $2 million in a Pre-Series A funding round led by Transition VC. Other participants included Sangam Venture, Sagana Capital, and Fondation Botnar. The Mumbai-based clean technology company will use the funds to expand its product line, scale operations, and strengthen its presence across India and Southeast Asia. It also plans to…
Economic Survey 2024-25: Prioritize development before net zero
The Economic Survey 2024-25 argues against shutting down coal-based power plants, citing a lack of economic rationale. It states that India should focus on becoming a developed country by 2047 before targeting net-zero emissions by 2070. India’s coal-fired power plants, mostly commissioned in the 2010s, still have substantial lifespans. Unlike the US and Europe, which…
ACME commissions wind and BESS capacity in Gujarat, Rajasthan
ACME Solar Holdings Limited has reported new commissioning milestones across its wind and battery energy storage system (BESS) portfolio in Gujarat and Rajasthan, all achieved on April 13, 2026. ACME Eco Clean Energy Private Limited, a subsidiary of ACME Solar Holdings Limited, completed the final 4 MW tranche of its 100 MW wind project located…
MCL to invest Rs 649 billion in clean and thermal energy
Mahanadi Coalfields Limited (MCL) is scaling up its presence in Odisha’s energy sector with a major investment plan of Rs 649 billion. The company aims to diversify beyond coal and enter both renewable and thermal power segments. At the core of this strategy is a 2,100 MW renewable energy expansion in Odisha. This includes 2,000…
Germany to bury nuclear waste but toxic dispute unresolved
In Salzgitter, Germany, an old iron ore mine is being transformed into the Konrad repository, a facility to house Germany’s radioactive waste. The site, situated a kilometre underground, is projected to store over 300,000 cubic meters of low- and intermediate-level waste from shuttered nuclear plants. Engineers aim to encase waste in concrete to prevent radiation…
SustVest raises $1.7 million to expand solar projects
SustVest has secured $1.7 million in equity and debt during its Pre-Series A funding round. The round was led by Inflection Point Ventures and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others. The funds will be used to acquire solar projects, scale marketing for its regulated platform, improve operations,…
