Sunday, June 23

Industry Updates

EV Finserv Unveils ‘SELECTIONS’: A Multi-Brand Outlet for E-Rickshaws, EV 2-Wheelers, and Batteries
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EV Finserv Unveils ‘SELECTIONS’: A Multi-Brand Outlet for E-Rickshaws, EV 2-Wheelers, and Batteries

EV Finserv, a rural EV financing and leasing company based in NCR, has introduced its new brand, "SELECTIONS." SELECTIONS is a multi-brand outlet specializing in E-rickshaws, EV 2-wheelers, and batteries. The inaugural outlet has opened in Etawah, Uttar Pradesh, with plans to expand to over 40 outlets by the end of 2024. The retail experience center will provide expedited finance and leasing services through EV Finserv. It will also offer financing and leasing options for lead-acid and lithium-ion batteries, along with vehicle lifecycle management services and the opportunity to resell EVs. Nitin Sabharwal, Founder and CEO of EV Finserv, described the launch of SELECTIONS as a step toward assisting customers in their ownership journey and addressing a significant challenge for lende...
Waaree Technologies signs MoU with Israeli Company 3DBattery to develop Advanced Energy Storage Solutions
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Waaree Technologies signs MoU with Israeli Company 3DBattery to develop Advanced Energy Storage Solutions

Waaree Technologies Ltd. (WTL), an energy storage division of the leading renewable energy and technology player Waaree Group, announced that it has signed a non-binding Memorandum of Understanding (MoU) with Israeli company, 3DBattery, to develop and produce advanced energy storage solutions, based on 3DBattery’s lithium-ion and upcoming sodium-ion technology. The Parties will evaluate the collaboration further before entering into definitive agreement. 3DBattery provides advanced Lithium ion battery cells with state-of-the-art chemistry, delivering improved energy storage performance. The company offers a range of cell chemistries for a variety of applications, including Electric Vehicles, Micro Mobility, Stationary and Renewable Energy. Waaree Technologies Ltd. aims to become Ind...
Johnson Controls Outlines New Blueprint for India’s Net Zero Future
Industry Updates

Johnson Controls Outlines New Blueprint for India’s Net Zero Future

Johnson Controls, the global leader for smart, healthy, and sustainable buildings, today launched a whitepaper titled “Tech for Green India - Mission Net Zero” at the 21st edition of Green Building Congress 2023, India’s flagship conference and expo on the green built environment. On this occassion Anu Rathninde, president, Asia Pacific, Johnson Controls said “Buildings contribute nearly 40% of global emissions and at Johnson Controls, our priority is to help make buildings more sustainable and energy efficient, providing solutions that meet the specific needs of each building. We believe a holistic and collaborative approach will enable the nation to realise its full potential effectively,” He further added “This white paper aligns with our vision for sustainability, and ...
Grundfos’ ground-breaking initiative iTruck drives towards Carbon Neutral Industries
Industry Updates

Grundfos’ ground-breaking initiative iTruck drives towards Carbon Neutral Industries

In a world that's becoming increasingly conscious of environmental responsibility and technological advancement, Grundfos, a global leader in intelligent and energy-efficient pumping solutions, is driving change with its ground-breaking initiative - the Grundfos iTruck Drive. This unique campaign reflects Grundfos' unyielding determination to sustainability and innovation, and it's poised to reshape the industry as we know it. Commencing earlier this year, the roadshow has traversed more than 25 cities,engaging over 2000relevant audienceacross diverse industries. Recently in Ahmedabad, the truck opened its doors to visitors from various industries and experts,providing them with first-handexperience of Grundfos’ sustainable pump solutions. Departing from Ahmedabad, the truck is set to ...
ABB Energy Appraisals of industrial electric motors reveal potential 2.1 TWh lifetime savings
Industry Updates

ABB Energy Appraisals of industrial electric motors reveal potential 2.1 TWh lifetime savings

From June to September 2023, ABB analyzed more than 2,000 industrial electric motors under its Energy Appraisal service and has identified an average energy saving of 31 percent. That equates to more than 2.1 terawatt-hours (TWh) of potential energy savings across the 20-year lifetime of these systems. Energy appraisals enable industrial businesses to pinpoint exactly where their biggest energy savings lie across fleets of motor-driven systems. They overcome the barrier that industrial companies face when deciding where to target investment for the best energy savings and return on investment (ROI). Appraisals work by gathering operational data from motor-driven systems in the field. A service expert compares this with the theoretical performance that could be achieved by adding a variabl...
INVT Solar Appoints MECPower and its Distribution Partner in India
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INVT Solar Appoints MECPower and its Distribution Partner in India

At the Renewable Energy India Expo 2023 held in Greater Noida on October 4-6, INVT Solar entered into a cooperative agreement with MECpower Solutions Ltd., a renowned solar company in India, and consequently organized an awarding ceremony. Mr. Brijesh J Prajapati, as the INVTSolar Managing Director in India, represented INVT Solar to authorize MECpower, as a distributor. In India, MECpower is INVT Solar's highly esteemed distributor partner, with years of technical experience and an impeccable corporate reputation in the solar energy industry. MECpower's reputation as a leading solar company makes them a perfect partner to help bring INVT Solar's innovative products to even more customers across India. We're thrilled to be teaming up with MECpower and look forward to the new growth opp...
New Distribution Agreement Expands Sungrow’s Reach in South India
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New Distribution Agreement Expands Sungrow’s Reach in South India

Sungrow, a leading name in the solar energy industry, is thrilled to announce a significant milestone with the signing of a new distribution agreement. Partnering with their trusted channel collaborator, M/s SunBridger Energy Private Limited, this agreement marks the expansion of Sungrow's presence in the states of Tamil Nadu and Kerala in Southern India. This strategic alliance empowers SunBridger Energy to bring Sungrow's top-tier PV Inverters to the vibrant energy market of the aforementioned regions. The partnership between Sungrow and SunBridger is built on a shared commitment to driving the energy transition and climate action on a substantial scale. Sungrow's unwavering dedication to excellence, coupled with their exceptional track record in delivering high-quality products and ...
Hitachi Energy inaugurates its largest Global Technology & Innovation Center in Chennai
Industry Updates

Hitachi Energy inaugurates its largest Global Technology & Innovation Center in Chennai

Hitachi Energy Technologies Services, a wholly owned subsidiary of Switzerland’s Hitachi Energy, inaugurated its new Global Technology and Innovation Centre in Chennai - the biggest for the company globally. The centre will provide end-to-end support to business models catering to various segments. Tamil Nadu Chief Minister MK Stalin inaugurated the centre, which can accommodate nearly 2,500 energy transition technologists specialising in grid automation, transformers, high-voltage and grid integration for the entire world. The centre is equipped to execute over 1,000 projects a year across 40 countries. Its competencies include engineering, project management, tendering, supply chain management, customer services, marketing, cyber security, commissioning, system studies and remo...
SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue
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SMEV Proposes a Compromise Solution to the FAME Subsidy Payments Issue

The SMEV today indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI.  SMEV said that post numerous discussions with EV manufacturers, and those who are impacted by MHI’s decisions since the last 18 months, an unusual, but obvious, possibility for a logical solution has emerged and the OEMs have come around to accepting it as the best under the circumstances. This was confirmed after some OEMs collectively wrote to the newly appointed Honorary Chief Evangelist of SMEV, Shri Sanjay Kaul with a consensus on plausible steps and practical solutions that work for all. Following this, Sanjay Kaul has written to Hon’ble Minister, MHI Shri Mahendra Nath Pandey proposing these steps in or...
MAHAPREIT’s Ambitious Plan: 1 GW Solar Push for Rural Irrigation and SME Rooftops
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MAHAPREIT’s Ambitious Plan: 1 GW Solar Push for Rural Irrigation and SME Rooftops

The Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT), a subsidiary of the state government’s Mahatma Phule Backward Class Development Corporation (MPBCDC), has planned to install 500 megawatt (MW) of decentralised solar projects in the rural parts of the state to power agricultural irrigation over the next two years and another 500 MW rooftop solar units to supply power to micro, small and medium enterprises. The combined capacity will give a significant boost to the government’s goal to reach 22 gigawatt (GW) of renewable energy. Currently, the state generates around 15GW of renewable energy annually. A meeting to discuss implementation of tenders for the first phase of this project between MAHAPREIT and the Global Energy Alliance for People and Planet (...