Senvion India has signed a Memorandum of Understanding (MoU) with Integrum Energy for the supply and commissioning of up to 50 units of its 4.2M160 wind turbine model, representing a total potential capacity of 210 MW. The projects will be spread across Tamil Nadu, Madhya Pradesh, Maharashtra, Gujarat, and Karnataka. The agreement covers supply, supervision,…
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…
India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total. This marks the second-highest funding globally, following the US. About a quarter of seed-stage investments in climate-related startups are now directed towards India. However, challenges remain, as the country…
Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy. The EU’s Innovation…
One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal. The IEA’s Energy Efficiency 2024 report shows that global primary energy intensity—a core energy efficiency metric—is set to improve by around 1% in 2024, the…