Grid

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GreenCell Raises $40 Million Funding from ADB to Develop Electric Buses

The Asian Development Bank (ADB) has inked a $40 million financing package with India-based shared electric mobility company GreenCell Express (GEPL) to develop 255...

November 8, 2022

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Gourav Mishra

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Electric Vehicles

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Grid
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CERC Yet to Act on ISTS Charges Waiver for Open Access Renewables Proposed by Ministry of Power

Nearly a year after the Ministry of Power (MOP) extended the timeline and widened the scope for waiver of the interstate transmission system (ISTS) charges for renewable...

October 27, 2022

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Gourav Mishra

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Grid

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Market & Policy

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Mercom Research Focus
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EV Financing Platform Revfin Raises $10 Million to Expand Operations Across 25 States

Electric Vehicle (EV) financing platform for individuals Revfin has closed a Series A funding round of $10 million in a combination of equity and debt. The funding round...

October 25, 2022

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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Gap Between DISCOMs’ Cost of Supply and Revenue Increases to ₹0.95/kWh in FY21

The Average Cost of Supply (ACS) for distribution companies (DISCOMS) increased from ₹6.14 (~$0.074)/kWh in financial year (FY) 2019-20 to ₹6.19 (~$0.074)/kWh in FY...

October 21, 2022

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Arjun Joshi

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Grid

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Grid Optimization

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Market & Policy
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Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a...

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Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth...

October 20, 2022

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Arjun Joshi

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Electric Vehicles

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Grid

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Market & Policy
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Average AT&C Losses for DISCOMs Increases to 22.32% in FY21

The average aggregate technical and commercial (AT&C) losses for distribution companies (DISCOMs) at the national level increased from 20.73% in the financial year...

October 20, 2022

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Arjun Joshi

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Grid

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Markets & Policy
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West Bengal Tenders 205 EV Charging Stations to be Installed Across the State

West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for the supply, installation, operation, and maintenance of the electric vehicle (EV)...

October 19, 2022

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Rakesh Ranjan

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Electric Vehicles

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Grid
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Uttar Pradesh Announces a Slew of Incentives for EV and Battery Manufacturing

Uttar Pradesh will provide a 30% base capital subsidy for the first two integrated electric vehicle (EV) and ultra-mega battery projects up to a maximum of ₹10 billion...

October 17, 2022

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Arjun Joshi

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Electric Vehicles

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Grid

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Market & Policy
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CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments

The Central Electricity Regulatory Commission (CERC) has issued a discussion paper on pricing methodology in the power trading market in the wake of price spikes and...

October 14, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Chandigarh’s EV Policy Targets 70% of All Vehicles to Be Electric by 2027

Chandigarh has targeted 70% of all new vehicle registrations in the Union Territory (UT) to be electric vehicles (EVs) in the next five years. As per the recently issued...

October 12, 2022

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Arjun Joshi

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Electric Vehicles

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Markets & Policy
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Transmission Infrastructure for 66.5 GW of Renewable Energy Zones to be Set Up By 2022

The government is working towards setting up transmission systems for renewable energy zones with 66.5 GW of capacity by the end of 2022 to integrate non-fossil fuel...

October 13, 2022

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Gourav Mishra

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Grid

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T&D
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Amazon to Invest €1 Billion to Decarbonize its Transport Network in Europe

E-commerce conglomerate Amazon plans to invest over €1 billion (~$973 million) until 2027 to further electrify and decarbonize its transportation network across Europe....

October 10, 2022

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People

The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by the...

October 4, 2022

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Gourav Mishra

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Grid

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Grid Optimization

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Microgrid
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EoI Issued to Empanel Lending Institutions for Financing EVs Across India

Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel...

October 3, 2022

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Gourav Mishra

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Electric Vehicles

,

Grid

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