Archive: June 12, 2022

Business

Axis Energy and Brookfield Commission 445 Mw Solar Project in Record Time

Jun 12, 2022 by Neel Achary 0 Comments

Hyderabad, June 12, 2022: Axis Energy Ventures India Private Limited (Axis Energy), a Hyderabad-based company has commissioned a 445MW solar project in a record time of 6 months in Jodhpur, Rajasthan. AXIS ENERGY is an acclaimed renewable energy developer promoting Sustainable Clean Energy and Clean Mobility Solutions catalyzing clean energy transition in the Indian subcontinent.

This project will contribute to minimize carbon emissions and progressively move towards the preservation of the environment and promotion of sustainability. The project is expected to avoid ~600,000 tons of CO2 emissions per year or the equivalent of planting 24 million trees while generating 800 GWh of clean energy annually.

Mr. K Ravi Kumar Reddy, Chairman and Managing Director of Axis Energy said, “the platform has showcased immense success and it indeed takes pride in commissioning the 445MW solar project that brings on the table a successful implementation of a plethora of environmentally friendly objectives which the country awaits. Axis Energy further hopes and contemplates to take up projects that stand as nation’s pride and be the best of contributions to the environment we live in and to the RE sector.”

Axis Energy is a decade-old developer of wind and solar projects who has carved out its niche from the development of over 2 GW of renewable energy projects. Considering the experience Axis Energy has in the Renewable Energy (RE) sector, Brookfield has partnered with it for implementing renewable energy projects. Axis Energy has also recently emerged successful under the Production Linked Incentive Scheme for the Automotive sector and is committed to providing sustainable clean mobility solutions integrated with clean energy solutions to assist in India’s de-carbonization goals.

This project was jointly developed by Axis Energy and Brookfield Renewables under the joint venture platform, ABC Renewables. This platform is exclusively set up to implement 5GW large utility-scale RE projects and has a pipeline of over 1.2 GW projects under implementation and is looking at investing more into clean energy scape.

Business

Sheru CEO Ankit Mittal joins CPOs India Board as Member Secretary

Jun 12, 2022 by Neel Achary 0 Comments

New Delhi, 12th June 2022: Ankit Mittal, CEO and co-founder of leading storage tech start-up, Sheru, has been elected as Member Secretary on the board of Charging Point Operations of India (CPOS India). He is also a member of the Working Group of National Highway for Electric Vehicle (NHEV), an e-mobility Ease of Doing Business pilot, focused on transforming regular highways into e-highways.

Ankit Mittal

Mr Mittal is a subject matter expert on electric mobility, energy storage and industrial systems. An engineering graduate from the Birla Institute of Technology and Science, Pilani, he led product development for India’s first deep tech unicorn, Grey Orange Robotics. He is currently leading Sheru in creating a virtual energy storage platform for renewable and EV sectors, helping drive the country in meeting its net-zero targets.

Sheru is building an energy storage cloud for renewable developers and utilities to store excess energy virtually. It is the brainchild of Ankit Mittal and BITS Pilani graduates, Shikhar Sharma and Nakul Mehan.

“I am delighted to join CPOs India and will leverage the opportunity to revamp the charging infrastructure of India’s electric vehicles. I am optimistic that the platform will enable faster adoption of EVs in the country, thereby ensuring a sustainable and affordable EV ecosystem,” Noted Mr Mittal.

“CPOs India aims to derive the value that software provides to speed up the rollout of the charging ecosystem. Through the initiative, the benefits of the EV revolution would reach every Indian and boost the country’s economy as well. We are happy to have Mr Ankit Mittal join us as Member Secretary on this journey” said Mr Abhijeet Sinha, President – CPOs India.