[Funding News] Gruner Renewable Energy Secures $60 Mn to Expand CBG Projects in India

Gruner Renewable Energy, a leader in sustainable biogas solutions in India, is delighted to announce that it has secured US$ 60 million in funding.

This investment will enable Gruner Renewable Energy to further expand its presence in the green energy domain as it moves ahead to establish new Compressed BioGas (CBG) plants across the country.

The company is committed to enhancing its research and development (R&D) efforts as it aims to make substantial contributions toward Prime Minister Narendra Modi's vision of energy independence and sustainability for India.

With a primary aim of introducing breakthrough technology and highly efficient processes in the biogas industry, a substantial portion of the investment will be allocated to advancing research and development (R&D) initiatives, focusing on increasing energy efficiency and the accuracy of biogas production, targeting a projected substantial increase in energy output efficiency.

Read also - Simple Energy Secures $20 Mn in Series A Funding Round

Additionally, the funds will support business expansion, including establishing new biogas plants across India, scaling up CNG retail outlets, and exploring new business verticals such as sustainable aviation fuel (SAF) and green hydrogen. This strategic investment is expected to exponentially increase Gruner's market share over the next five years.

According to Utkarsh, encouraging the cultivation of energy crops through direct subsidies and financial incentives for farmers is essential. This approach not only supports the agricultural sector but also ensures a steady supply of feedstock for biogas production. By providing these incentives, the government can promote sustainable farming practices and contribute to the growth of the renewable energy sector. This strategy will help build a self-reliant and sustainable future for India.

Utkarsh Gupta, Founder & CEO, Gruner Renewable Energy, said: "Establishing CBG plants in India is crucial for fostering a self-reliant and sustainable future. By promoting clean energy production and reducing dependence on imported compressed natural gas (CNG), we contribute significantly to India's vision of energy independence. The Union Budget 2023-24 announcement to establish 500 new waste-to-wealth plants under the GOBARdhan initiative has been a major boost for the sector. With 113 functional CBG plants, 667 in development, and 171 under construction, the growth is substantial. These policy enablers promote a circular economy and sustainable development. This investment in Gruner from like-minded partners will be essential for driving this transformation,"

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About Gruner Renewable Energy

Established in February 2023 by Utkarsh Gupta, Gruner Renewable Energy has quickly become a premier provider of sustainable energy solutions, dedicated to reducing carbon footprints and achieving sustainability objectives. Leveraging advanced German technology, the company offers end-to-end solutions encompassing the entire plant setup process. Gruner Renewable is a proud member of the Indian Biogas Association, driven by a vision to revolutionize India's energy industry.

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