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Adani Green Energy Ltd. (AGEL) reported a 23% year-on-year increase in EBITDA from power supply to ₹10,865 crore in FY26, supported by robust renewable capacity additions and higher energy generation during the year. Revenue from power supply rose 22% to ₹11,602 crore, while operational renewable energy capacity expanded 35% year-on-year to 19.3 GW.

The company added 5.1 GW of greenfield renewable energy capacity during FY26, compared with 3.3 GW in the previous year, marking its highest-ever annual capacity addition. Most of the new capacity was commissioned at resource-rich locations in Khavda, Gujarat, and Rajasthan, contributing to higher power generation and operational performance.

Energy sales during the year increased 34% to 37,567 million units, while the company maintained an EBITDA margin of 91%. Cash profit also rose 11% year-on-year to ₹5,399 crore, reflecting strong cash generation from its operating portfolio.

AGEL also expanded its energy storage portfolio by installing 1,376 MWh of Battery Energy Storage System (BESS) capacity at Khavda, one of the world’s largest single-location deployments. The company is targeting more than 10,000 MWh of BESS capacity by FY27 to strengthen the integration of renewable energy into the grid.

Commenting on the performance, Sagar Adani, Executive Director, Adani Green Energy, said FY26 was a landmark year for the company, driven by record greenfield capacity addition and continued progress at the Khavda renewable energy project. He noted that the expansion reinforces AGEL’s leadership in India’s renewable energy sector and supports its long-term growth strategy.

Nextpower has completed its previously announced acquisition of Prevalon Energy, a U.S.-headquartered provider of large-scale battery energy storage systems (BESS), power stabilization solutions, and lifecycle services.

This acquisition marks another milestone in Nextpower’s strategy to provide end-to-end solutions spanning power plant design, deployment, optimization, and long-term operations. With the addition of energy storage, Nextpower’s integrated platform extends beyond solar with a proven portfolio of BESS, energy management software, and power control technologies and lifecycle services supporting grid-connected storage, hybrid power plants, AI data center infrastructure, and other critical power applications. The business brings a proven track record with more than 6 GWh of energy storage systems deployed worldwide.

“We are very pleased to welcome the talented Prevalon team to Nextpower. The team will continue to be run by Tom Cornell, who led Prevalon as CEO since its founding,” said Dan Shugar, founder and CEO of Nextpower. “Reliable energy storage is foundational to designing, building, and operating critical energy infrastructure. The addition of Prevalon expands our ability to serve utility-scale customers and data centers with a broader portfolio of proven technologies from a trusted, bankable partner. It also provides Nextpower with a significant foothold in one of the fastest growing segments of the global power industry.

“As demand for electricity accelerates, utilities, power producers, data center developers, and grid operators need accountable, bankable partners that can deliver reliable, dispatchable power at unprecedented scale and speed. With our customer-centric approach, reputation for high-quality execution, and proven ability to rapidly scale, Nextpower is uniquely positioned to serve both continued growth of utility-scale solar and the rapidly growing energy storage market.”

India’s installed renewable energy capacity has increased from 76.38 GW in March 2014 to 288.58 GW as of June 30, 2026, reflecting the country’s accelerated transition towards clean energy, Minister of State for New and Renewable Energy Shripad Yesso Naik informed the Rajya Sabha.

Responding to a parliamentary question, Naik said the growth has been supported by a series of policy measures introduced by the government, including 100% Foreign Direct Investment (FDI) under the automatic route, waiver of Inter-State Transmission System (ISTS) charges for eligible renewable energy projects, renewable purchase obligations (RPOs), competitive bidding for renewable power procurement, and the establishment of Ultra Mega Renewable Energy Power Parks (UMREPPs) across the country.

The minister also highlighted flagship initiatives such as the PM Surya Ghar: Muft Bijli Yojana, PM-KUSUM, the National Green Hydrogen Mission, and the promotion of offshore wind energy and battery energy storage systems as key drivers of renewable energy deployment. He noted that the government continues to implement measures aimed at strengthening grid infrastructure, facilitating project development and attracting investments into the sector.

Naik reiterated that the government remains committed to achieving its long-term clean energy objectives, including the target of 500 GW of non-fossil fuel-based installed electricity capacity by 2030, while supporting India’s broader climate commitments and energy transition goals.

Indofast Energy, India’s leading battery-swapping solutions provider, announced a strategic partnership with Hala Mobility, an EV-as-a-service platform focused on decarbonising India’s logistics ecosystem . This tie-up is a pivotal step towards accelerating India’s electric mobility adoption, providing seamless, high-uptime energy solutions for a diverse range of fleet operators and gig economy workers.

The partnership has already demonstrated significant traction, achieving a rapid scale-up to 15,000 vehicles in less than a year – validating the operational viability and fleet-readiness of the swappable battery model for high-utilisation delivery operations. These 15,000 vehicles are currently operational majorly in Hyderabad, Bengaluru, Delhi NCR, and Mumbai. 

For delivery riders and fleet operators running 80-100 kilometres daily, the two-minute swap directly impacts earnings and fleet productivity. This operational advantage, combined with up to 40% lower running costs compared to petrol, makes the partnership model economically compelling for India’s growing gig economy workforce.

By combining Indofast Energy’s state-of-the-art battery swapping infrastructure with Hala Mobility’s extensive fleet operations, the partnership will offer unparalleled convenience by effectively eliminating range anxiety and charging downtime, ensuring uninterrupted service delivery for commercial and last-mile delivery fleets.

Speaking on this partnership, Rajat Malhan, Chief Business Officer, Indofast Energy said, “Our partnership with Hala Mobility demonstrates what happens when reliable energy infrastructure meets ambitious fleet deployment – rapid, scalable EV adoption that works for riders, operators, and the environment. Reaching 15,000 vehicles in under a year validates that battery swapping is the default choice for fleet operators who prioritise uptime and economics. As we scale toward 40,000 vehicles by March 2027 and 1 lakh by 2028, we are building the kind of integrated ecosystem that will define India’s commercial EV transition; making swappable battery EVs the most practical and profitable choice for last-mile logistics.”

Srikanth Reddy, Founder, Hala Mobility, said, “At Hala Mobility, we are committed to democratizing electric mobility for India’s delivery workforce. Partnering with Indofast Energy allows us to integrate our fleet with robust battery swapping infrastructure, ensuring our riders experience zero downtime and maximum daily earnings. Our rapid scale-up to 15,000 vehicles proves that the model is effective towards creating a highly efficient, sustainable, and inclusive EV ecosystem across India.”

Indofast Energy has established itself as a key enabler of sustainable urban mobility through strategic partnerships with leading OEMs and fleet operators. The company’s network of 1900+ swap stations across 24 cities supports over 120,000 vehicles and has enabled 2 billion+ kilometres of clean mobility, while helping avoid over 97,000 tonnes of CO₂ emissions.

Both the companies are committed to working together to make the Last Mile (LM) operation cheaper and sustainable for riders. The new deployments are expected in the current cities and Pune, Chennai and Jaipur. 

AXITEC Energy India Pvt. Ltd., the Indian arm of Germany-based premium solar module manufacturer AXITEC Energy GmbH, has announced that its AXIbiperfect GXXL TS 600Wp Bifacial solar modules have been deployed in a 1.25 MWp solar power project located in Dindori, Nashik, Maharashtra.

The project has been developed and executed by Polaris Renewable Solutions Pvt. Ltd., which selected AXITEC’s high-performance bifacial modules for their superior energy yield, long-term reliability, and robust performance across diverse climatic conditions.

Designed to capture sunlight from both the front and rear sides, the AXIbiperfect GXXL TS 600Wp Bifacial modules help maximize energy generation while contributing to improved project economics through enhanced lifetime performance and a lower Levelized Cost of Electricity (LCOE).

The successful deployment further strengthens AXITEC’s growing presence in India’s utility-scale and Commercial & Industrial (C&I) solar market, where developers and EPC partners continue to prioritize high-quality photovoltaic modules that deliver consistent performance over the long term.

Commenting on the project, Mr. Tanmoy Duari, Chief Executive Officer, AXITEC Energy India Pvt. Ltd., said “We are delighted that our AXIbiperfect GXXL TS 600Wp Bifacial modules have been selected for this 1.25 MWp solar project in Nashik. At AXITEC, our focus is on delivering premium-quality photovoltaic modules that enable EPC partners and project developers to build reliable, high-performing solar power plants. We sincerely thank Polaris Renewable Solutions Pvt. Ltd. for placing their trust in AXITEC and look forward to supporting many more clean energy projects together.”

The project is expected to contribute to clean energy generation in Maharashtra while supporting India’s renewable energy transition. By supplying advanced bifacial solar modules engineered to international quality standards, AXITEC continues to empower EPC companies and project developers with photovoltaic solutions designed for high efficiency, durability, and long-term performance.

With a strong focus on German engineering, premium quality, and technological innovation, AXITEC remains committed to supporting India’s rapidly growing solar sector by providing world-class solar modules for utility-scale, C&I, and rooftop applications.

India has taken a significant step towards sustainable transportation with the introduction of its first indigenously developed hydrogen-powered train, marking a major milestone in the country’s clean mobility journey. The hydrogen fuel cell-powered train will operate on the Jind–Sonipat section of Northern Railway, demonstrating India’s growing focus on zero-emission rail technologies.

Developed entirely in India in line with specifications approved by the Research Design & Standards Organisation (RDSO), the project supports the country’s vision of Atmanirbhar Bharat while advancing its decarbonisation objectives. With this initiative, India joins a select group of countries exploring hydrogen-powered rail transport as an alternative to conventional diesel traction.

The 10-coach hydrogen fuel cell train is powered by a 1,200 kW Proton Exchange Membrane Fuel Cell (PEMFC) propulsion system and is designed to accommodate approximately 2,600 passengers. The train has an approved operating speed of 75 kmph and a design speed of 110 kmph, connecting Jind Junction and Sonipat through multiple intermediate stations.

Hydrogen fuel cells generate electricity through a chemical reaction between hydrogen and oxygen, producing only water vapour and heat as by-products. With an energy density of 120 MJ/kg, compared to 43 MJ/kg for diesel, hydrogen offers a cleaner and more energy-efficient solution for railway operations.

To support the project, Indian Railways has established the country’s largest railway hydrogen storage and refuelling facility at Jind, Haryana, with a storage capacity of nearly 3,000 kg of hydrogen. The facility has been developed in accordance with international safety standards, including NFPA-2 and the ISO 19880 Series, and incorporates advanced safety systems for hydrogen handling and refuelling.

The train consists of two Hydrogen Driving Power Cars (DPCs) and eight Trailer Coaches, equipped with hydrogen fuel cells, lithium iron phosphate (LFP) batteries, and onboard hydrogen storage cylinders. The project also features a comprehensive safety framework, including hydrogen leak detection, flame detection, continuous ventilation, automated hydrogen isolation systems, and round-the-clock monitoring of the refuelling infrastructure.

The hydrogen train is expected to serve as a pilot for validating hydrogen propulsion technology, operational procedures, and maintenance practices while strengthening India’s capabilities in clean transportation. The initiative also aligns with the National Green Hydrogen Mission and supports the country’s long-term goal of building a low-carbon, sustainable mobility ecosystem.

ACME Solar Holdings Limited (ACME Solar), through its subsidiary ACME Renewtech Fifth Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI) for a 300 MW ISTS-connected Wind-Solar Hybrid Renewable Energy Project. The tariff is already approved and adopted by Central and State Regulator.

The Hybrid RE Project will be connected to ISTS substations and will utilize company’s already secured connectivity at high-irradiation and wind zones. Under the PPA, ACME Solar will supply power at a minimum annual capacity utilization factor (CUF) of 30%. With this, out of the total contracted portfolio of 8,070 MW, the PPA-signed portfolio stands at 6,870 MW.

ACME Solar Holdings Limited is a leading integrated renewable energy player with a diversified portfolio of 8,070 MW spanning solar, wind, storage, FDRE and hybrid solutions and an operational contracted capacity of 2,990 MW and ~3.62 GWh of BESS capacity and under construction contracted capacity of 5,080 MW. The under construction PPA signed portfolio stands at 3,880 MW. With an in-house EPC and O&M division, the company does end-to-end development and O&M of the plants, thereby delivering projects in a time & cost-effective manner while ensuring best in class operating performance evident in its industry leading CUF and operating margins.

Attero, India’s largest critical minerals firm and the world’s most technologically advanced urban miner, has successfully completed an independently verified Life Cycle Assessment (LCA) in accordance with ISO 14040:2021 and ISO 14044:2021 standards, establishing scientifically validated environmental performance data for metals recovered through its e-waste and lithium-ion battery recycling operations. 

The milestone enables Attero to provide customers with product-specific, independently verified environmental data for recycled metals, allowing them to accurately measure and compare the environmental benefits of urban mining against conventional virgin mining. At a time when global industries are facing increasing pressure to improve supply-chain sustainability, strengthen ESG reporting, and reduce Scope 3 emissions, access to credible environmental data is becoming an essential component of procurement and sourcing decisions. 

Life Cycle Assessment is globally recognised as the most comprehensive methodology for evaluating a product’s environmental footprint. Using internationally accepted scientific methodologies, Attero’s assessment quantifies the environmental impacts associated with recovered metals including aluminium, copper, iron, zinc, tin, silver and gold across a broad range of environmental indicators such as carbon footprints, resource depletion, acidification, eutrophication, ecotoxicity, human toxicity and fossil resource consumption as compared to the virgin mined metals. 

“The circular economy requires more than recycling; it requires measurable proof of environmental impact. This independently verified Life Cycle Assessment allows us to provide customers with scientifically validated environmental data for the metals we recover, enabling informed sourcing decisions and stronger sustainability reporting. As industries worldwide seek to reduce their environmental footprint and secure responsible sources of critical materials, verified environmental performance will become increasingly important alongside quality, purity and traceability. This milestone reinforces the role of urban mining as a scalable and sustainable source of critical minerals for the global economy,” said Mr. Nitin Gupta, Co-Founder and CEO, Attero. 

The assessment enables transparent, like-for-like comparison between metals recovered through urban mining and those produced through conventional mining. Rather than relying on industry averages or generic sustainability claims, customers can now access independently verified environmental performance data that helps quantify the environmental advantages of choosing recycled materials over virgin alternatives. 

The verified data can support a wide range of sustainability and compliance requirements, including ESG disclosures, Scope 3 emissions accounting, green procurement programmes, product environmental declarations and broader environmental reporting obligations. As regulatory frameworks and investor expectations continue to evolve, the ability to demonstrate measurable environmental performance is becoming a key differentiator across global supply chains. 

Attero has built its leadership in critical minerals recovery through sustained investments in technology and innovation. The company holds 50+ global patents and has developed proprietary processes for extracting valuable metals and critical materials from complex waste streams. Its advanced recycling technologies deliver industry-leading 98% recovery efficiency and purity levels above 99.9% while creating a domestic source of strategic materials such as lithium, cobalt, nickel, graphite, copper, gold and silver, reducing dependence on conventional mining and imported resources. 

This achievement further strengthens Attero’s position at the forefront of the circular economy, where every tonne of recovered metal is supported not only by advanced recycling technology but also by independently verified environmental intelligence. For customers, it brings a new level of transparency, credibility and confidence to sustainable sourcing decisions, while helping accelerate the transition towards more resource-efficient and climate-conscious supply chains. 

Midwest Energy, the technology and clean energy arm of the Midwest Business House, today announced the commencement of commercial production at its 1.2 GWh Battery Energy Storage System (BESS) manufacturing facility in Bengaluru.

The facility has been established with integrated Cell-to-Container manufacturing capabilities, enabling production of battery modules, trays, racks and fully integrated containerised Systems to serve commercial, industrial, renewable energy and utility-scale applications.

The commissioning of the facility marks an important milestone in Midwest Energy’s journey in expansion of its capabilities at a time when battery storage is becoming an essential component of modern power infrastructure.

As renewable energy deployment accelerates and grid flexibility becomes increasingly important, Battery Energy Storage Systems are expected to play a significant role in supporting reliable power supply, renewable integration and energy resilience.

Soumya K, Chief Executive Officer, Midwest Energy Limited, said, “India is pursuing an accelerated transition towards a cleaner energy future driven by renewability, sustainability, decarbonisation and decentralisation. The increasing integration of renewable energy into the power grid is fundamental to achieving these objectives.  While, it present challenges such as demand-supply mismatch, grid instability and supply uncertainties. Battery Energy Storage Systems (BESS) provide a reliable, effective and fast deployable solution to address these challenges and enabling a resilient, stable and decarbonised energy ecosystem. Through this facility, we are building indigenous capabilities to design, manufacture and deploy advanced energy storage solutions that are proudly designed and made in India.  Our vision is to become a trusted long-term partner in supporting the country’s clean energy transition.”

Midwest Energy will focus on supplying advanced Battery Energy Storage Systems across domestic and international markets while expanding its portfolio of customised energy storage solutions for diverse customer requirements.

The facility has been designed to support scalable manufacturing, high product reliability and globally benchmarked quality standards, in line with its stated objectives.

Surat-based solar inverter manufacturer Qbits Energy India Pvt. Ltd. has appointed veteran actor Dilip Joshi as its brand ambassador, in a move the company says is aimed at supporting its channel partners at the point of sale.

“Rooftop solar is a twenty-five-year decision made by someone who cannot inspect the product,” says Nirav Dhanani, Founder and CEO. “It is bought on trust, and trust is what this partnership brings to our channel.”

Qbits manufactures on-grid inverters across its TLS, TLD and TLC series alongside a hybrid range. Products are BIS, IEC and ISO certified, carry IP66-rated enclosures and 12-year warranty coverage. The company reports 10,000+ installations across 50+ cities through 22+ channel partners.

The manufacturer’s principal differentiator is AI-powered monitoring delivered over WhatsApp — daily generation reports and instant fault alerts sent to the customer’s existing messaging platform rather than a dedicated app, with inverter data hosted on Indian servers.

The association will run across television, digital and print through FY 2026–27, with new point-of-sale material being distributed to channel partners.