GreenCell Mobility, through its subsidiary, GreenCell Express, which operates the ‘NueGo’ brand of inter-city electric buses, has inked power purchase agreement and made a strategic equity investment in a 1 MW Wind Solar Hybrid captive power plant (with annual generation capacity of 4.6 million units) situated in Ratlam, Madhya Pradesh.
This initiative will see the NueGo range of inter-city electric buses in the state being powered predominantly by renewable energy, leading to incremental CO2 savings of around 38 thousand tons over lifetime of buses.
The initiative is expected to fulfil majority of the power requirements for these electric buses from renewable energy sources, thereby substantially reducing reliance on grid power. This aligns seamlessly with GreenCell’s long-term goal of becoming a Net Zero company.
Devndra Chawla, CEO & MD, GreenCell Mobility said, “This initiative of powering our EVs through renewable energy sources in Madhya Pradesh is more than an innovation; it’s a commitment to our planet and our future generations. We are setting a precedent in the industry, demonstrating that sustainable practices can go hand-in-hand with business growth.”
In line with this vision, GreenCell Mobility says it is actively pursuing similar agreements in other states where it operates. The company’s goal is to transition completely from grid power to renewable energy (RE) sources. Additionally, GreenCell is exploring the deployment of Battery Energy Storage solutions to ensure that its operations are end-to-end green. It is actively working with both central and state stakeholders to facilitate policy changes to increasing adoption of RE power for e-Buses.
