Vedanta Aluminium has secured $250 million through sustainability linked loans (SLL) from major international banks towards funding its capex initiatives and lowering its carbon footprint. The Indian aluminium producer claimed that the loans were issued on the basis of certain performance parameters for safety and decarbonization and that they will drive its growth journey. This […]
Boston Metal, a US green steel technology startup, has raised $120 million in the first close of Series C fundraising to decarbonize steel production at scale. The steel producer anticipates to use the proceeds from the round to increase the production of green steel at the company’s pilot plant outside Boston and to select the […]
HCL Technologies (HCLTech) and the Indian Institute of Technology (Indian School of Mines), Dhanbad, Jharkhand [IIT (ISM) Dhanbad] have signed a memorandum of understanding (MoU) for transforming energy systems around the world and advancing decarbonization solutions for the oil and gas industry. Through the collaboration, the parties aim to build a knowledge management system by […]
Monterey Capital Acquisition has agreed to acquire ConnectM Technology Solutions, a clean energy technology and solutions provider, for an implied pre-money equity valuation of $145 million. Under the merger agreement, the newly combined entity will operate under the name ConnectM Technology Solutions and anticipates to become a public company through listing on Nasdaq. ConnectM Technology […]
Superior Plus will acquire Certarus, a North American low carbon energy solutions provider, for CAD 1.05bn ($770 million) including debt. The transaction value constitutes equity value of CAD 853 million ($629 million) and assumption of Certarus’ outstanding senior bank credit and leases valued at CAD 196 million ($144.4 million). Certarus shareholders will own approximately 17% […]
NTPC, an Indian state-owned power generating utility, has signed a memorandum of understanding (MoU) with GE Power India, a subsidiary of GE Steam Power, with an aim to bring down the carbon footprint of its existing coal-fired power plants in India. The objective of the MOU is to undertake research, development, and engineering of technologies […]
Rice Acquisition Corp. II, a special purpose acquisition company (SPAC), and American clean energy producer NET Power will merge their businesses to accelerate decarbonization of natural gas power generation. Called NET Power Inc., the combined business is projected to have an enterprise value of $1.46 billion and to capture substantial market share with planned utility-scale […]
Maruti Suzuki India has introduced Wagon R Flex Fuel, India’s first mass segment flex fuel prototype car as part of the company’s decarbonization strategy. Unveiled in New Delhi, the Wagon R Flex Fuel prototype model runs on any ethanol-petrol blend between 20% (E20) and 85% (E85) fuel. With support from Japan-based Suzuki Motor Corporation, the […]
Switzerland-based global private equity firm Partners Group has agreed to acquire a majority stake in Sunsure Energy, an Indian renewable energy and decarbonization solutions platform, for $400 million (approximately INR 3,290 crores). The proceeds from the transaction are expected to transform Sunsure Energy into a next-generation independent power producer. Post-closing, the Gurgaon-headquartered Sunsure Energy will […]
GAIL (India), a natural gas company, has collaborated with Abu Dhabi National Oil Company (ADNOC) to explore liquefied natural gas (LNG) supply and decarbonization opportunities. The partnership is expected to encourage low carbon LNG supplies by optimizing LNG trading activities, reviewing joint equity investments in both energy and renewables, and monitoring greenhouse gasses for LNG […]