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Drew Baglino’s Heron Power Raises $38 Million Series A Led by Capricorn to Develop Heron Link Grid Transformers | DeepNewz VC
Business Bytes
·
3m ago
Medial
Heron Power, a company founded by Tesla alum Drew Baglino, has secured $38 million in its Series A funding, led by Capricorn Investment. The funds are intended to advance the development of its grid technology, aiming to enhance efficiency and sustainability in energy distribution. The investment underscores a growing interest in innovative solutions to modernize energy infrastructure, positioning Heron Power as a key player in the power technology sector.
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Ex-Tesla executive signs letter of intent with Stargate’s Crusoe
Economic Times
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2m ago
Medial
Former Tesla executive Drew Baglino's startup, Heron Power Electronics Co., has signed preliminary deals, including with Crusoe, to address AI infrastructure challenges and transformer shortages. Heron’s technology eliminates the need for traditional transformers, enabling efficient connections to the grid and stabilizing energy flow. The innovation aims to support rapid renewable energy expansion and growing power demands. Baglino believes Heron might collaborate with Tesla Energy in the future as energy storage grows.
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Adani Energy Solutions Wins Rs 1,600-Crore Maharashtra Transmission Project, Plans Rs 4,300-Crore Capital Raise | DeepNewz VC
deepnewz
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2m ago
Medial
Adani Energy Solutions has secured a Rs 1,600 crore transmission project in Maharashtra. The project's objectives and implementation details were not outlined in the snippet provided. Additionally, the board of Adani Energy Solutions has approved plans to raise up to Rs 4,300 crore, as indicated by the accompanying Moneycontrol link, for potential capital investments or operational expansions, reflecting the company's growth strategies within India's power sector.
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Startup AiDash raises $50 million for tech using AI, satellites to spot wildfire risk
Economic Times
·
1y ago
Medial
California startup, AiDash, has secured $50 million in funding for its AI and satellite-based technology aimed at identifying fire and weather risks on power lines. With power utilities facing the need to mitigate forest fires and outages caused by power lines, AiDash's system uses AI to analyze satellite images and identify potential issues, such as vegetation growth and encroaching trees. The funding will be used to further develop the technology and expand operations, including opening a European headquarters. National Grid, an investor and customer, has seen improved outage management using AiDash's system on its Massachusetts grid.
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RPower Signs Power Purchase Pact in Bhutan With Green Digital
OutlookIndia
·
3m ago
Medial
Reliance Power has signed a power purchase agreement with Green Digital Pvt Ltd, owned by Bhutan’s Druk Holding and Investments, to jointly develop Bhutan's largest solar power project with a capacity of 500 MW. This venture, with an estimated investment of 2,000 crore rupees, marks the biggest private foreign direct investment in Bhutan’s solar sector. The initiative aims to diversify Bhutan's energy portfolio, enhance grid stability, and boost regional clean energy integration across South Asia.
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Serentica wants $300 million. A stake sale is likely.
Livemint
·
1y ago
Medial
Serentica Renewables, backed by Sterlite Power, is looking to raise approximately $300 million by selling a minority stake to finance its growth plans. The company, focused on the commercial and industrial (C&I) segment, intends to develop 4 GW of renewable energy capacity, including 2.55 GW of solar power and 1.4 GW of wind power. This move comes as the C&I segment in India attracts strong investor interest due to the country's projected green energy trajectory and regulations allowing large power users to procure energy from the open market rather than the grid.
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Kimbal Tech Bags $5 Mn To Offer Smart Meter Solutions
Inc42
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1y ago
Medial
Delhi-based smart grid solution startup Kimbal Technologies has raised $5 million in a funding round led by investment advisory firm Niveshaay. The capital raised will be used to scale up the company's operations and develop new products for the power distribution ecosystem. Kimbal Technologies, founded in 2011, provides smart meters and communication infrastructure for smart metering. The startup plans to install 250 million prepaid smart meters by next year and claims to have deployed over 1 million smart meters to date. The global smart grid market is projected to reach $108 billion by 2032.
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Torrent Power bags contract to supply 100 MW to REMCL
Thehindubusinessline
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1y ago
Medial
Torrent Power has been awarded a contract by the Railway Energy Management Company to develop grid-connected renewable power projects. The projects aim to provide round-the-clock power supply of 100 MW, with or without storage. The estimated cost of installing approximately 325 MW of renewable capacity for this project is around ₹2,700 crore. The project is expected to be commissioned within 24 months from the signing of the Power Purchase Agreement. The tariff for the project is ₹4.25 / Kwh for a period of 25 years. The Letter of Award was granted on February 29.
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IFC commits Rs 460 cr to IndiGrid to build India's largest battery energy storage project
Economic Times
·
1m ago
Medial
IFC, part of the World Bank Group, has committed Rs 460 crore to develop India's largest standalone battery energy storage system in Gujarat through IndiGrid. This project, which supports Gujarat's clean energy goals and aims for 100 GW of renewable capacity by 2030, will enhance grid stability and provide reliable power during peak demand. The financing includes $38.5 million from IFC and $16.5 million from the Clean Technology Fund. This initiative is crucial for India's clean energy transition.
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SharpLink Gaming to Buy $1B Ethereum for Treasury, SBET Shares Plunge 38%, Joseph Lubin Named Chairman | DeepNewz VC
deepnewz
·
2m ago
Medial
SharpLink Gaming's decision to purchase a $1 billion Ethereum treasury has led to a significant market reaction, causing its shares to plummet by 38%. This strategic move marks a notable shift in the company's financial strategy, potentially aiming to leverage cryptocurrency's value. Ethereum's prominent presence in the digital currency realm might offer long-term gains, but the immediate stock market response indicates investor concerns or skepticism regarding the venture's potential risks and returns.
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Y Combinator-Backed Emergent Launches Agentic Vibe-Coding Platform with Payment Integration and Live Deployment | DeepNewz VC
deepnewz
·
3m ago
Medial
Emergent, a Y Combinator-backed company, introduces an advanced AI agent for app development, significantly enhancing efficiency. The platform, dubbed "vibecoding," allows users to build applications with backend functionalities, conduct testing, manage payment integration, and deploy live URLs directly through chat interactions. This innovative approach streamlines the development process, providing a seamless experience from conception to deployment. Users are invited to explore real-world examples and try the platform via a shared link.
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