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Indian green hydrogen developers are seeking offtake contracts in Japan and South Korea to drive investments in green hydrogen and green ammonia projects, as the domestic market is still emerging. Securing these contracts is crucial for decarbonizing heavy industries and establishing India as a key player in the global renewable energy market.
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Kerala has been awarded Rs 34.84 crore in funding for its Green Hydrogen pilot project in the transport sector. The project, with a total cost of Rs 40 crore is supported by the Ministry of New and Renewable Energy (MNRE) and aims to demonstrate the feasibility of Hydrogen technology by deploying Hydrogen powered vehicles and establishing refueling stations in the state. Premium Content Access
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France has launched a 1.5-km wireless charging road near Paris, enabling electric vehicles to charge while driving. Using copper coils beneath the surface, the system transfers power magnetically to EVs, even in harsh weather. It boosts range, reduces battery size needs, and supports multiple vehicles simultaneously.
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AMP has launched India’s first subscription platform for premium electric cars, allowing salaried professionals to use BMW, Mercedes-Benz, BYD, Audi, and Volvo EVs without ownership. The asset-light model removes barriers such as high upfront cost, depreciation and limited resale. AMP also enables MSMEs to convert depreciating vehicle assets into annuity income.
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Larsen & Toubro’s Power Transmission & Distribution business secured large Saudi Arabian contracts worth ₹2,500–₹5,000 crore for 380 kV substations and 420 km transmission lines. These projects, supporting Saudi Arabia’s National Renewable Energy Programme, will enhance grid capacity and renewable integration.
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Adani Energy Solutions agreed to supply 60 MW renewable power to RSWM, which invested ₹60 crore under a group captive model. AESL will oversee the green power chain, delivering 31.53 crore units annually to RSWM plants in Rajasthan. RSWM said 70% of its energy will now be renewable, significantly above India’s 31% national average.
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Tata Power will invest ₹11,000 crore to develop a pumped hydro storage project at Shirawta in Pune, with work starting July next year and completion expected in five years, financed through a 70:30 debt-equity mix. The company earlier signed an MoU with Maharashtra to develop two PSPs totalling 2,800MW — 1,800MW at Shirawta and 1,000MW at Bhivpuri.
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Samsung SDI is reportedly close to signing a multi-year supply deal with Tesla worth about 3 trillion won for around 10GWh per year of LFP ESS battery cells from 2026. The cells would likely support Megapack production in California, with manufacturing expected at SDI’s Indiana JV facility. The deal strengthens Tesla’s shift toward Korean suppliers as it reduces reliance on China.
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As Electric Vehicles (EVs) become more widespread, the demand for Lithium-ion Batteries grows, raising concerns over their environmental impact. Current recycling methods, like pyrometallurgy, are energy-intensive and environmentally harmful. A shift to carbon-neutral, low-energy processes such as Hybrid-Hydrometallurgy (HHM™) can drastically reduce emissions and improve material recovery.
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India's Solar Photovoltaic (PV) Balance of System (BoS) market is projected to grow from $3 billion in 2024 to $7 billion by 2029 at a 16% CAGR, driven by Clean Energy targets and supportive schemes like PM-KUSUM and Rooftop Solar Programs. BoS includes all non-panel components essential for Solar Projects.
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Avaada Group, founded by Vineet Mittal, is preparing for a Rs 4,000-5,000 crore IPO of its Solar Module manufacturing unit. The funds raised will primarily finance the group’s capex, including a 5 GW Solar Module and Cell facility in Uttar Pradesh. Avaada has approached investment banks and law firms to manage the IPO.
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Australian utility AGL has lodged its 500MW/2,000MWh Tuckeroo Battery in Queensland for federal environmental approval under the EPBC Act. Located near Kogan, the project already holds local planning approval and aims to start operating in late-2027. It will connect to the Western Downs Substation via a 275kV underground link developed by Powerlink.
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Drax will acquire three BESS projects totalling 260MW from Apatura in a phased £157.2 million transaction linked to delivery milestones between 2025 and 2028. Two projects will close in 2025 and the third in Q1 2026, marking Drax’s first move into battery storage. The 520MWh portfolio spans two Scottish sites and one in North England, with construction starting 2026 and first operation in 2027.
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SUNOTEC and Shell Energy Europe have signed a five-year cross-border agreement to support financial mechanisms for a 600MWh battery energy storage project in central Eastern Europe, scheduled to begin commercial operations by Q2 2026. The deal improves project bankability through long-term price stability, while helping Shell diversify its regional power portfolio.
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