Gruner Renewable Energy has secured a substantial investment of $60 million to fuel its growth in the green energy sector. The company plans to leverage this funding to set up new compressed biogas (CBG) plants across India and also to boost research and development efforts.
The investment will be instrumental in expanding Gruner’s operations and market reach. A significant portion of the funds will be channelled into R&D to enhance biogas production efficiency and explore innovative technologies.
Beyond CBG plants, the company aims to establish a wider network of CNG retail outlets and venture into promising areas like sustainable aviation fuel (SAF) and green hydrogen.
Utkarsh Gupta, Founder & CEO of Gruner Renewable Energy, emphasized the importance of CBG plants in achieving energy independence for India. He highlighted the government’s support through initiatives like GOBARdhan, which aims to establish 500 waste-to-wealth plants. With a burgeoning CBG industry, Gruner is poised to play a pivotal role in driving the country towards a sustainable future.
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