Gensol Engineering along with Matrix Gas wins PLI bid for hydrogen project

Shares of Gensol Engineering surged nearly 8% after the company, along with Matrix Gas and Renewables Ltd, won a bid under the Central government’s production linked incentive (PLI) scheme for the manufacturing capacity of an advanced electrolyser plant. The project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to make a

Chinese vendors dominate supply chain of Indian solar PLI

Renewable energy sector leaders in India have listed Chinese vendors as major suppliers in the PLI scheme. Reliance New Energy Solar and Tata Power are among the companies that have listed Chinese suppliers. A majority of the winners of India’s PLI scheme have listed supply chain partners and service providers from China, according to a

Govt to invite bids for renewable energy projects: R K Singh

The government will invite bids for battery storage projects from players looking to invest in the renewable energy sector, Union Minister RK Singh said. Bids will also be invited for green hydrogen and green ammonia projects, the power, new and renewable energy minister said at ‘India Ideas Summit’ organised by the US-India Business Council (USIBC).

How India is spearheading the EV revolution

Electronic Vehicles (EVs) are dubbed as the future as the near total reliance on fossil fuels for automobiles is wringing a huge cost out of the environment. The heat is being felt all across the global automotive industry. India is quite a new entrant in this segment, and within a few years, and out of