Fortive Corporation, in a strategic move, has confirmed its agreement to acquire EA Elektro-Automatik Holding GmbH (EA), a foremost supplier in high-power electronic test solutions. The deal, encompassing energy storage, mobility, hydrogen, and renewable energy applications, is priced at $1.45 billion in cash, excluding tax benefits of $215 million from Bregal Unternehmerkapital. The closure of […]
Invinity Energy Systems plc, a leading global manufacturer of utility-grade energy storage solutions, is elated to announce its first customer order for the next-generation product, code-named “Mistral.” The order comes from Everdura Technology Company (“Everdura”), Invinity’s Taiwanese strategic partner. This marks a shift in Everdura’s initial 15 MWh order, announced on December 1, 2022, specifying […]
Reliance Industries Limited has announced an investment of INR 75,000 crores ($9 billion) to develop its new energy manufacturing ecosystem. Revealed by Chairman Mukesh Ambani during the company’s 46th annual general meeting, this significant investment aims to accelerate giga-scale production in various areas of renewable energy and green mobility. Giga-Scale Production for 24/7 Power and […]
FranklinWH Energy Storage Inc., a front-runner in whole-home energy management, announced a pivotal $25 million in Series B funding led by Particle Future. This substantial investment aims to accelerate FranklinWH’s growth and cement its role as an innovative leader in offering whole-home energy freedom across households in the United States and Puerto Rico. Addressing the […]
The Ministry of Heavy Industries has given a major boost to India’s Advanced Chemistry Cells (ACC) battery storage market by awarding a combined capacity of 30GWh to three key players—Ola Cell Technologies Pvt. Ltd., ACC Energy Storage Pvt Ltd., and Reliance New Energy Battery Storage Ltd. The Ministry aims to reach a whopping 50GWh production […]
ReNew Energy Global Plc and clean energy provider Gentari have made a crucial move towards expanding their renewable energy capacity, agreeing on key terms for a joint venture (JV) in clean energy solutions. The agreement was exchanged between Sushil Purohit, CEO of Gentari, and Sumant Sinha, CEO of ReNew, with a plan to invest in […]
ReNew Energy Global Plc, a leading decarbonisation solutions provider in India, has signed Memorandums of Understanding (MoUs) with Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that are collectively worth INR 640 billion (approximately $7.8 billion). These funds will be allocated to ReNew Energy Global’s green energy initiatives, as detailed during the Clean Energy […]
In a bold move to address renewable energy and electric mobility demands, Tata Sons has revealed plans to build a 40GW battery cell gigafactory in the United Kingdom with an investment of over £4 billion. The initiative aims to provide electric mobility and renewable energy storage solutions for UK and European customers. Production is set […]
The AES Corporation has announced its acquisition of the 2GW Bellefield solar-plus-storage project, currently in the late-stage development phase, from Avantus (formerly 8minute) for an undisclosed price. The Bellefield project, situated in Kern County, California, holds the distinction of being the largest permitted solar-plus-storage project in the US. This acquisition not only strengthens AES’ presence […]
UGL, a leading engineering and construction company under CIMIC Group, has been chosen by Alinta Energy to install a cutting-edge 35-megawatt one-hour battery energy storage system (BESS) facility in Port Hedland, Western Australia. The project aims to enhance power infrastructure and reliability in the region. Under the agreement, UGL will undertake the crucial tasks of […]