EESL calls private players to boost adoption of energy efficient products, services
With the aim to maximise the adoption of energy efficient products and services in India, Energy Efficiency Services Limited (EESL), a joint venture under the Ministry of Power, has decided to empanel Corporate Sales Agencies, Direct Sales Agencies, Dealers and Retailers and other Demand Aggregators, including ESCOs with requisite under the Success Fee Model. Through this, EESL seeks to boost and expand the sale of its various existing and new products and services in the markets.
Battery storage, smart grid, energy efficiency firms raise $1.3 bn in Q1 2021: Report by Mercom Capital Group
Total corporate funding in battery energy storage came to $4.7 billion in 17 deals compared to $3.1 billion in 19 deals in Q4 2020. In the first quarter (Q1) of 2021, $1.3 billion was raised in venture capital funding by battery storage, smart grid, and energy efficiency companies, a 410% increase from the $252 million raised in the same quarter last year, according to a recent report. It added that total corporate funding in battery energy storage came to $4.7 billion in 17 deals compared to $3.1 billion in 19 deals in Q4 2020. “Funding was up significantly YoY compared to $244 million in nine deals in Q1 2020,” said consulting firm in its report .
Ministry of Environment, Forest and Climate change issued following notifications:
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Fime has collaborated with the Government of India to develop and launch the testing infrastructure for India’s National Common Mobility Card (NCMC). Part of the national Make in India program, the ambitious initiative will deliver ‘One nation, one mobility card’ to bring unity, efficiency and smoother end-to-end travel experiences to India. Fime has become the first transit testing lab in India. Its technical consultancy, next-gen test tool and testing services are now helping local vendors, transit operators and banks to define, design, deliver and test automated fare collection (AFC) systems with confidence.