Envision and SUN Terra to drive clean energy transition in key markets
Green hydrogen producer Envision Energy has entered an alliance with Indonesia's renewable energy firm SUN Terra to build a full-chain energy storage ecosystem.
The collaboration will support the clean energy transition in regions such as Southeast Asia, India and Australia by improving global supply chains and local manufacturing capabilities.
Both companies will focus on multiple aspects of energy storage, including system procurement, distribution, localised assembly, technology licensing and solution delivery.
The goal is to create a comprehensive strategic alliance, covering the entire value chain for energy storage solutions in the target markets.
Envision Energy senior vice-president and president of international product lines Kane Xu stated: "SUN Terra's strong local presence and project development capabilities are highly complementary to Envision's expertise in energy storage. Together, we will accelerate the growth of energy storage markets across Southeast Asia, India and Australia, delivering sustained momentum for enhancing local energy ecosystems."
SUN Terra is a subsidiary of Indonesia's conglomerate Sinar Mas. It specialises in renewable energy development from inception to completion.
With a track record of large-scale solar projects in Indonesia, Australia and India, the company provides integrated services for both energy storage systems and battery lifecycle management.
SUN Terra CEO Karina Darmawan added: "As a key part of Sinar Mas' renewable energy portfolio, SUN Terra is committed to advancing clean energy development in Indonesia, Australia and India. This strategic collaboration with Envision will not only bring advanced energy storage systems to Indonesia, but also empower the localisation of production and technology advancements in the Australian and Indian markets."
In December 2024, Envision Energy partnered Samruk Energy and Kazakhstan Utility Systems to advance Kazakhstan's green energy transition.
"Envision and SUN Terra to drive clean energy transition in key markets" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
2 hours ago
- Business Upturn
Top Stocks in focus on June 23: ONGC, Oil India, NTPC, India Cements, Bharat Electronic, Brigade Enterprises and more
By Aman Shukla Published on June 23, 2025, 08:27 IST Indian benchmark indices ended Friday, June 21, on a strong note, snapping their recent losing streak. The BSE Sensex rose 1,046 points (1.29%) to close at 82,408, while the NSE Nifty50 added 319 points (1.29%) to settle at 25,112. As the markets open on Monday, June 23, several corporate announcements and regulatory updates are expected to influence trading activity. Here's a quick look at the key stocks likely to remain in focus: Accenture : Reported better-than-expected Q3 revenue and projected 6–7% revenue growth for FY25, along with a 10 basis points margin expansion. HDFC Bank / ICICI Bank / Axis Bank : Removed from the Odisha government's list of empanelled banks. ONGC / Oil India / OMCs / Paint Companies : Crude oil prices climbed over 2% following U.S. airstrikes in Iran. Brent crude moved above $78 per barrel. NTPC : Announced commercial operation of the final 52 MW unit of its 245 MW Nokh Solar PV Project in Rajasthan. Small Finance Banks : The RBI has revised the priority sector lending norm, reducing the required net credit exposure from 75% to 60%. Granules India : Received a Form 483 with one observation from the US FDA for its Sangareddy API Unit-I. Godrej Properties : Sold over ₹2,000 crore worth of inventory at the launch of its Godrej MSR City project in Bengaluru. Bharat Electronics Ltd (BEL) : Secured orders worth ₹585 crore since June 5, 2025. India Cements : To sell its entire stake in ICML to Mirai Sensing for ₹98 crore. Brigade Enterprises : Launched Morgan Heights in Chennai, with an estimated development potential of ₹2,100 crore. Waaree Renewable Technologies : Revised the order value of its 2012.47 MWp solar project upward by ₹246.92 crore. Bajel Projects : Received an order valued at over ₹400 crore for an ultra mega power transmission project. NLC India : Received a Letter of Award from TN Green Energy for three battery energy storage systems (250 MW/500 MWh) on a BOO basis. Zen Technologies : To acquire a majority stake in TISA Aerospace for ₹6.56 crore. Lloyds Metals : Commissioned a 4 MTPA pellet plant and an 85 km slurry pipeline. EMS Ltd. : Declared as the lowest bidder for a ₹104 crore project from UP Jal Nigam (Urban). Interarch Building Products : Secured an ₹80 crore order from Ather Energy. Emcure Pharmaceuticals : To acquire the remaining stake in its subsidiary, Zuventus Healthcare. Yes Bank : Received ₹201 crore as a one-time settlement from a non-performing asset. Embassy Developments : Signed a joint development agreement for a 17.9-acre land parcel in Bengaluru with an estimated gross development value of ₹1,600 crore. LT Foods : The U.S. has imposed a 340.7% duty on organic soybean meal exports by its subsidiary. Unichem Laboratories : Received three observations from the US FDA for its Roha API facility. Metropolis Healthcare / Dr. Lal PathLabs: Amazon India introduced an at-home diagnostics service through its mobile app. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
2 hours ago
- Business Upturn
Accenture guidance lift reinforces CLSA's bullish view on Indian IT; Infosys, Tech Mahindra, Persistent top picks
By News Desk Published on June 23, 2025, 08:31 IST CLSA has reiterated its positive outlook on Indian IT services, following Accenture's decision to raise its FY25 organic growth guidance to 3–4%, citing strong traction in Gen AI, cloud, and digital transformation services. The brokerage noted that Accenture's market share gains are being driven by the integration of Gen AI across its offerings, with cognitive solutions being actively developed for multiple global clients. This momentum, according to CLSA, has strengthened the booking pipeline and supports the upgraded guidance. CLSA also pointed out that BFSI growth remains resilient, a trend which mirrors the performance of Indian IT companies in the sector. Given these developments, the brokerage has reaffirmed its overweight (OW) stance on the Indian IT portfolio, excluding LTIMindtree. Among the top picks in the sector, CLSA has listed Infosys, Tech Mahindra, and Persistent Systems, viewing them as best positioned to benefit from the ongoing digital shift and AI-led enterprise transformation. Disclaimer: The views expressed in this article are those of the brokerage firm and do not represent the views of this publication. Investors are advised to consult certified financial advisors before making any investment decisions. Ahmedabad Plane Crash News desk at
Business Upturn
2 hours ago
- Business Upturn
Stocks to watch on brokerages today: Bharti Airtel, Polycab, Chola, SFBs in focus as RBI and Accenture updates drive sentiment
By News Desk Published on June 23, 2025, 08:25 IST Brokerages issued fresh insights across sectors on June 23, placing spotlight on financials, IT, telecom, and select FMCG names. Here's a look at the top commentary: Small Finance Banks (SFBs): RBI tweak seen as structural positive Morgan Stanley and Citi both highlighted the Reserve Bank of India's revision in Priority Sector Lending (PSL) norms for Small Finance Banks (SFBs), effective FY26. The central bank reduced the PSL target to 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure (CEOBE), whichever is higher. Morgan Stanley called the move a 'structural positive' that boosts long-term growth potential and portfolio flexibility. Citi noted this relaxation will help SFBs diversify and scale non-PSL portfolios, especially those less reliant on the microfinance segment. IT Sector: Accenture results prompt mixed read-through HSBC flagged Accenture's Q3FY25 slowdown as a modest negative read for Indian IT, citing a YoY 7% drop in deal wins and tighter full-year growth guidance of 6–7%. In contrast, CLSA maintained a constructive view, noting Accenture's market share gains in Gen AI, cloud, and digital. CLSA reiterated a bullish stance on Indian IT, with Infosys, Tech Mahindra, and Persistent Systems as top picks. Jefferies upbeat on Bharti Airtel, Chola, Kfin Tech, Polycab Bharti Airtel : Jefferies maintained a Buy rating with a target of ₹2,350 per share, citing a strong growth runway, low competition, and the potential for valuation rerating. Cholamandalam Investment : Despite short-term weakness, Jefferies sees a buying opportunity, forecasting expanding NIMs, flat credit costs, and improving profitability metrics over FY25–27. Target retained at ₹1,800. Kfin Technologies : The brokerage expects 20% profit CAGR driven by synergies from the Assent acquisition, targeting global leadership in RTA-FA services. Target price is ₹1,460. Polycab India: With a Buy call and ₹7,150 TP, Jefferies noted strong execution—26% EPS CAGR expected over FY25–28, backed by robust order book and improving FMEG margins. UBS on Colgate: Buy maintained despite near-term softness UBS maintained a Buy on Colgate-Palmolive with a ₹3,000 target. The brokerage said cyclical weakness offers a good entry point, adding that the structural growth story remains intact with high single-digit potential. The stock currently trades at 39x FY27 PE. Nomura on autos: New ABS rule could dent 2W demand Nomura flagged the government's new rule mandating ABS for all two-wheelers could impact demand by 2–4%. A price hike of ₹3,000 is likely, potentially hurting sales for companies like Hero MotoCorp, which could be most affected. Disclaimer: The views and recommendations expressed above are those of the respective brokerage firms. They do not represent the views of this publication and are not investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions. Ahmedabad Plane Crash News desk at
