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Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds

Global, News

The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany with 13.7 billion euros. France and Poland…

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India’s renewable energy capacity to grow at double the rate of overall energy capacity by 2030: CRISIL

India, News

According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030.  This growth rate is double that of the country’s overall power capacity, which is projected to grow by 7.5%-8%, increasing from 442 GW in March 2024. India’s renewable energy capacity, including large hydro projects, stood at nearly 191 GW as of…

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Servotech partners with Ensmart Power to expand EV charger business in UK

India, News

Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America.  The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV chargers, focusing on supporting green…

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MNRE launches ‘Innovative Projects’ scheme under PM-Surya Ghar

India, News

The Ministry of New and Renewable Energy (MNRE) has introduced Scheme Guidelines for ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, as notified on October 8, 2024. This initiative aims to foster advancements in rooftop solar technologies, business models, and integration techniques with a budget of Rs 50 billion. The scheme will support startups, institutions, and industries in piloting new concepts such as blockchain-based peer-to-peer solar trading, smart materials, and solar integration with electric…

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AI-Powered Load Forecasting and Smart Grids: Yellakari Kesava Charyulu’s Vision for Andhra Pradesh’s Energy Future

Analysis, Opinions and Perspective

In this insightful interview, Yellakari Kesava Charyulu, Chief Engineer at the Andhra Pradesh State Load Dispatch Center (SLDC), discusses the challenges and opportunities that come with managing a power grid in one of India’s most dynamic states. As renewable energy plays an increasingly larger role, Mr. Charyulu explains how the SLDC is adapting to integrate intermittent power sources, manage peak demand, and adopt cutting-edge technologies like artificial intelligence (AI) and smart grids. He also shares…

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IREDA receives approval to launch subsidiary for retail renewable energy business

India, News

The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors.  This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.

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IIT Madras and Hindustan Zinc partner to develop zinc-air battery

India, News

The Indian Institute of Madras (IIT-M) and Hindustan Zinc have signed a Memorandum of Understanding (MoU) to jointly develop a 1 kWh electrically rechargeable zinc-air battery prototype. Zinc-air batteries, known for their long-duration storage, durability, and affordability compared to lithium-ion batteries, are emerging as a promising alternative in energy storage. Zinc, a more cost-effective material than lithium, offers significant advantages in performance and economic viability. Arun Misra, CEO of Hindustan Zinc, highlighted zinc’s crucial role…

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MoP issues guidelines for battery swapping and charging stations

India, News

The Ministry of Power (MoP) has released guidelines for the installation and operation of battery swapping and charging stations. These guidelines apply to swappable battery providers and operators of battery charging and swapping stations. The primary objectives are to promote battery swapping as an alternative to electric vehicle (EV) charging, encourage battery-as-a-service models, and develop a strong battery-swapping ecosystem. Operators can use existing electricity connections for charging swappable batteries, with or without increasing the connected…

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Tamil Nadu Cabinet approves 14 projects with Rs 386.98 billion investment

India, News

The Tamil Nadu Cabinet has approved 14 new projects with a total investment commitment of Rs 386.98 billion, expected to generate 46,931 high-end employment opportunities across 12 districts. These projects span sectors including auto and electric vehicles, electronics, green energy, telecom equipment, and advanced manufacturing. Key investments include Freetrend Industrial India’s Rs 10 billion footwear manufacturing plant in Ariyalur, creating 14,000 jobs, and Leap Green Energy’s Rs 103.75 billion investment in a hydrogen power storage…

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China pumped in over $100 billion overseas in cleantech since 2023

Global, News

Chinese firms have invested over $100 billion in overseas clean energy projects since 2023, according to a report by Australian research group Climate Energy Finance (CEF). The investments, largely aimed at circumventing tariffs in the U.S. and other regions, reflect China’s global dominance in solar panels, lithium batteries, and electric vehicles. China leads the world in clean energy manufacturing, accounting for 78.1% of global solar panel production, 24.1% of lithium batteries, and 32.5% of electric…