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Adani Energy Solutions incorporates subsidiary Step-Fourteen Limited
Adani Energy Solutions Limited has set up a new wholly owned subsidiary named Adani Energy Solutions Step-Fourteen Limited. The subsidiary has an authorised share capital of Rs 1 lakh and a paid-up share capital of Rs 1 lakh. It is yet to begin operations and currently has no turnover. According to the company’s disclosure, the…
Neuron Energy commissions 5 GWh BESS plant in Maharashtra
Neuron Energy has commissioned a containerised battery energy storage system (BESS) manufacturing facility in Talegaon, Maharashtra, marking its entry into the grid-scale energy storage segment. The facility spans seven acres and has been developed with an investment of Rs 100 crore. It is designed as a fully automated, robotic production unit with an annual manufacturing…
Deveritec and Wirepas launch new NIC for Wirepas 5G Mesh in Europe
Deveritec GmbH and Wirepas have unveiled a new Network Interface Card (NIC) tailored for the Wirepas 5G Mesh implementation of the non-cellular 5G standard, NR+. The NIC, developed using Nordic Semiconductor’s nRF9151 chip, is designed for smart electricity meters and aims to accelerate Advanced Metering Infrastructure (AMI) development using the NR+ standard. This collaboration marks…
Global solar and battery storage costs to decline further in 2025
 A BloombergNEF report forecasts a decline in the levelized cost of electricity (LCOE) for grid-scale solar and battery energy storage in 2025. LCOE, which measures lifetime costs divided by energy production, enables cost comparisons across energy technologies. The report projects that the LCOE of fixed-axis utility-scale solar projects will decline 2% year-over-year, from $36…
I Squared Capital launches $1 billion India transmission platform
I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…
Fujiyama Power to invest Rs 6.5 billion in solar manufacturing in MP
Fujiyama Power Systems, a major player in the rooftop solar segment, has acquired 24.89 hectares in Ratlam, Madhya Pradesh, to set up a solar manufacturing facility. The Delhi-based company plans to invest Rs 6.5 billion to produce solar panels, lithium-ion batteries, and allied solar products. The facility, set to begin with a production capacity of…
