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Atul Greentech partners with Exide Energy Solutions for lithium-ion battery supply

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Atul Greentech, a subsidiary of Atul Auto, has signed an agreement with Exide Energy Solutions (EESL) to source lithium-ion battery packs from EESL’s facility in Prantij, Gujarat. The agreement also includes sourcing lithium-ion cells once EESL begins production at its Bangalore facility. This partnership aims to enhance India’s self-reliance in the EV sector, integrating domestically manufactured lithium-ion cells to promote sustainable and innovative electric mobility solutions.  Atul Auto, known for its three-wheelers, operates in both…

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EIB grants €120 million loan to Iberdrola for energy innovation in Spain

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The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The total investment associated with these initiatives amounts to €250 million. The funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, wind power, hybrid, and agrovoltaic projects. It will also support research into decarbonisation technologies such as green hydrogen and heat…

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India to drive global energy demand by 2035, says IEA

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India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024.  The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase oil demand by nearly 2…

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Olectra emerges lowest bidder for supply of 327 electric buses to HP govt

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The Himachal Road Transport Corporation (HRTC), which serves over 7 million citizens, invited bids for 327 electric buses, comprising 297 nine-meter buses and 30 twelve-meter buses. After technical evaluations, Olectra emerged as the lowest bidder. HRTC is expected to finalize the order soon, following its previous collaboration with Olectra in 2017, which saw the introduction of electric buses on the Kullu-Manali-Rohtang Pass route. The new Olectra buses will feature Advanced Driver Assistance Systems (ADAS), air…