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EPAM raising £2 million of equity for energy transition in India

By : Sustainability ..., Jun 2, 2020

The aim is to use the growth funding to bring UK companies and investment to opportunities in the $12 billion Indian energy efficiency market. EPAM will employ the equity to identify and execute transations that provide technology and know-how that help India drive towards...

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EU, India invite joint research proposals on integrated local energy systems

By : Sustainability ..., May 11, 2020

India’s Department of Science & Technology and the European Commission’s Innovation and Networks Executive Agency have issued a joint call for proposals that aims at smartly integrating large amounts of renewable energy in local energy systems in Europe and/or India and...

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Battery storage, smart grid, energy efficiency companies raise $252 m in VC funding in Q1 2020

By : Sustainability ..., May 4, 2020

Battery storage, smart grid, and energy efficiency companies raised $252 million during the first quarter of 2020 (Q1), a 20 per cent increase from the $210 million raised in Q1 2019. According to a Mercom Capital Group report, “Total corporate funding, including VC, debt,...

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Around 60 per cent of energy efficiency expenditure helps create employment

By : Sustainability ..., Apr 20, 2020

Around 60 per cent of expenditure on home energy efficiency retrofits goes towards labour sector, delivering strong employment growth, according to the International Energy Agency (IEA). "Public sector programmes focusing on homes and certain relatively standardised building...

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Energy efficiency schemes by BEE led to savings of Rs 54,770 crore: Parl Panel

By : Sustainability ..., Mar 25, 2020

The Parliamentary Standing Committee on Energy has said the energy efficiency schemes implemented by the Bureau of Energy Efficiency (BEE) over years have led to total savings of around Rs 54,770 crore even as its budgetary allocation was found to be insufficient over years....

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New Energy Nexus and cKers Finance grow partnership to build new distributed solar segments in India

By : Sustainability ..., Mar 11, 2020

SAN FRANCISCO– March 10, 2020– The financial innovation program of New Energy Nexus announced that it is increasing its exposure in India by investing in the cKers Finance Sustainable Energy Bond (SEB). “The falling cost of solar technology is...

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U.S. Department of Energy Signs Memorandum of Understanding with India for Solar Decathlon India Competition in 2021

By : Sustainability ..., Mar 6, 2020

This week, the U.S. Department of Energy (DOE) signed a Memorandum of Understanding (MOU) to provide collaboration and support to India in the establishment of Solar Decathlon India in 2021. “India is joining an international family of Solar Decathlons that is preparing...

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EESL announces installation of 10 lakh smart meters across India

By : Sustainability ..., Feb 25, 2020

India's state-owned Energy Efficiency Services Limited (EESL) has announced the completion of installation of 10 lakh smart meters across India under the Government of India's Smart Meter National Programme. EESL has set the target to install 25 crore smart meters over the...

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Efficiency parameters soon to aid EV battery swapping

By : Sustainability ..., Feb 11, 2020

The government will soon frame efficiency parameters for batteries powering electric vehicles (EVs) as it invites bids for setting up gigafactories or giant battery plants in India. A high-level panel has been set up under the Bureau of Energy Efficiency to frame performance...

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Fuji Electric India planning to enter into solar inverters space

By : Sustainability ..., Feb 6, 2020

Fuji Electric India, the 100 per cent subsidiary of Japanese $8.3 billion power and electricals giant Fuji Electric, is mulling a foray into the solar inverters and batteries business in India. The move is part of a larger strategy to leverage the parent company’s expertise...

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