Energy Transition News | ESG & Sustainability | OneStop ESG
315 articles · Page 25 of 27
315 articles · Page 25 of 27
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India has surpassed 200 GW of renewable energy capacity, driven by solar and wind projects, marking a major step toward sustainability and energy security. The goal is 500 GW by 2030.

India’s first startup accelerator focused on energy transition has been launched by Transition VC, in collaboration with T-Hub and IEEE. This initiative aims to support innovative startups working on decarbonization, electric transportation, long-duration energy storage, and clean energy solutions. The launch coincides with NITI Aayog’s upcoming national policy framework, designed to propel India towards its Net Zero ambitions. The accelerator will incubate 7-8 startups in its first phase, offering funding from Transition VC’s ₹400-crore fund, alongside mentorship, R&D, and prototyping assistance. T-Hub will act as the Innovation Execution Partner, providing resources for product development, while IEEE will contribute academic expertise and skill-building support. The program addresses the shortage of deep-tech hardware startups in India’s energy transition sector. Through this initiative, Transition VC seeks to foster an ecosystem where startups can innovate, reducing India’s dependence on fossil fuels and contributing to the nation's climate and energy goals.

GeoPura has secured £22 million in its first debt financing round, advancing its goal to deploy over 3,600 hydrogen power units (HPUs) by 2033. The company, founded in 2019, uses renewable energy to produce hydrogen fuel, which powers HPUs for temporary sites and off-grid electricity needs. GeoPura’s HPUs, developed with Siemens Energy, aim to displace 10 million tons of CO2 emissions during their lifetime. The funding, sourced from institutions like HSBC and BNP Paribas, supports the company’s broader mission of delivering clean, cost-effective power while contributing to the UK’s net-zero targets.

India’s clean energy transition is a delicate balancing act between economic growth and emissions reduction. As the country aims to become a developed nation by 2047, integrated energy planning is crucial to support both growth and sustainability. The energy sector, responsible for almost 75% of India’s greenhouse gas emissions, plays a key role in this journey. India's energy demand is set to double by 2047, with per capita consumption increasing significantly. To meet this demand sustainably, the share of electricity in the energy mix will rise, with a strong focus on renewable energy and reducing energy poverty. However, this cleaner transition introduces concerns over mineral security, as India must diversify its import sources for critical minerals like lithium and cobalt. Natural gas and nuclear energy are expected to play larger roles in the energy mix, while infrastructure challenges and inefficient pricing models, such as electricity subsidies, need to be addressed. The development of innovative delivery models and the adoption of smart technologies will be essential. NITI Aayog and other institutions are crafting a roadmap to achieve net-zero emissions by 2070, focusing on people-centric approaches, sectoral strategies, and a sustainable, inclusive energy transition.

Global solar power is set to surpass coal by 2024 as costs plummet. This shift marks a pivotal move toward cleaner energy and sustainability worldwide.

India and Germany are expanding their partnership in renewable energy and mobility, focusing on sustainability and electric vehicles to combat climate change and boost economic ties.

Tata Power plans to invest $9 billion to add 15 GW of renewable energy by 2030, reinforcing its commitment to India's clean energy goals and sustainability efforts.




