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Government launches PM E-DRIVE Scheme with Rs 109 billion

India, News

The government has launched the PM E-DRIVE Scheme, allocating Rs 109 billion to accelerate the adoption of electric vehicles (EVs), develop charging infrastructure, and boost India’s EV manufacturing ecosystem. The scheme will run from October 1, 2024, to March 31, 2026, subsuming the ongoing EMPS-2024 scheme. The scheme offers subsidies for electric two-wheelers (e-2Ws) based on battery power, providing Rs 5,000 per kilowatt hour in the first year, capped at Rs 10,000. In the second…

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EU changes hydrogen project auction rules to limit Chinese presence

Global, News

The European Union has announced changes to its rules governing hydrogen grant auctions to limit dependence on China for renewable energy components. This move comes as part of the EU’s broader efforts to prevent over-reliance on Beijing, which dominates sectors such as solar power and electric vehicles. The EU Hydrogen Bank’s next renewable hydrogen auction, set for December 3, will offer up to EUR 1.2 billion (USD 1.34 billion) in grants, but new rules will…

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Smart Electrification: Key Insights and Benefits for Distribution Grids

Analysis, Features

As energy systems transition towards electrification, there is a growing need for smarter solutions to manage increasing demand and renewable energy integration. A recent study by the International Renewable Energy Agency (IRENA) highlights how smart electrification—integrating assets like electric vehicles (EVs), heat pumps, and decentralized solar photovoltaics (PV)—can optimize distribution grids. This article summarizes the key findings and insights from the study. What Is Smart Electrification? Smart electrification refers to the efficient integration and operation…

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India’s Path to Net Zero: Strategy for Decarbonizing the Energy Sector

Analysis, Features

India’s energy sector contributes significantly to its greenhouse gas emissions. In 2023, energy-related emissions accounted for about 75% of the country’s total carbon footprint. The electricity sector alone was responsible for over 40% of the total emissions, primarily due to coal-based power generation. This highlights the urgent need for a green transition in electricity production. India is already making strides, with solar and wind capacities growing, but a lot more is required to address these…

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India’s power sector to see Rs 40 trillion investment by 2035

India, News

India’s power sector is projected to receive over Rs 40 trillion in investments in the next decade, according to a report by Motilal Oswal. Of this, around Rs 34 trillion will be directed towards capital expenditure in areas like power generation, transmission, and smart metering, which will account for 86%, 10%, and 4% of the total, respectively. This investment surge is fueled by rising power demand, driven by India’s growing GDP, technological advancements, and a…

9. Careers in the Power Sector: Opportunities and Skills

Power 101

If you are looking to build a career in this sector, there is good news: the demand for energy professionals is growing rapidly. According to the International Energy Agency (IEA), the global power sector is expected to see a 30% increase in jobs by 2030, driven by investments in renewable energy, grid modernization, and clean technologies. Various Career Opportunities in the Power Sector Power Plant Operations and MaintenanceIf you are fascinated by the inner workings…

8. Policy and Regulation: Shaping the Future of the Energy Sector

Power 101

Imagine the energy sector as a vast highway system. Energy policies are the road signs, traffic lights, and speed limits that keep everything flowing smoothly. They guide investments, ensure fair competition, protect consumers, and set the standards for environmental responsibility. Without these rules, the system could fall into chaos, with inefficient power plants, unreliable electricity supply, and unchecked environmental damage. For example, renewable energy growth is heavily influenced by supportive government policies. Countries that offer…

7. Innovation in Power Sector: Shaping the Future with Emerging Technologies

Power 101

The power sector, once defined by heavy infrastructure and long-established methods, is now in the midst of a remarkable transformation. Technological innovation is driving new possibilities, making the industry smarter, cleaner, and more efficient. Let us take a dive into some of the most exciting emerging technologies and see how they are reshaping the way we generate, distribute, and manage energy. Smart Meters: Empowering Consumers and UtilitiesSmart meters are quietly revolutionizing how we consume electricity….

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myTVS launches Mobility-as-a-Service platform, plans 10,000 EVs by 2025

India, News

Digital automotive aftermarket platform myTVS has introduced its pan-India ‘Mobility-as-a-Service’ (MaaS) platform aimed at serving last-mile electric vehicle (EV) fleet operators. The platform brings together various ecosystem partners, including original equipment manufacturers (OEMs), to provide a full range of services for the entire EV fleet lifecycle. The Chennai-based company, part of the TVS Mobility Group, plans to add 10,000 electric two-wheelers to its fleet by March 2025. myTVS has also partnered with EV-based logistics firm…

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Foxconn, Stellantis JV sets up R&D centre for auto semiconductors design

India, News

Foxconn-backed SiliconAuto, a joint venture between Netherlands-based Stellantis and Hon Hai Technology Group (Foxconn), has set up a research and development (R&D) centre in Bengaluru. The new centre will focus on designing semiconductor products and developing system-on-chip solutions for the automotive sector, targeting electric vehicles (EVs), autonomous driving, and connected car technologies. Foxconn is also in the process of establishing an EV manufacturing plant and exploring battery production for EVs, reinforcing SiliconAuto’s commitment to India’s…