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Xoom Corporation was founded in 2001 by Alan Braverman and Kevin Hartz, [1] with its headquarters in San Francisco, California. [2]In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings.
In March 2018, NRG Energy acquired XOOM Energy, a retail electricity provider, for $210 million. XOOM Energy served 300,000 customers in the East, which was added to NRG Energy's retail profile. [21] In a partnership with Cypress Creek Renewables, NRG is offering a long-term, fixed price, consumer solar energy project in June 2018.
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In March 1997, Xoom became a web hosting (offering 100 MB) and an e-mail hosting website. The company acquired several small service providers in 1997 and 1998, including Paralogic, creator of ParaChat, which was the largest chat network on the web at the time, and PageCount, a web counter service. The main revenue sources for the company were ...
According to a report by the World Bank, India's inward remittances are estimated to surge to a record $71 billion this year. China is expected to follow with $60 billion worth of remittances ...
By 2013, India became the world's third largest producer of electricity with 4.8% global share, surpassing Japan and Russia. [45] [46] India ranks 6th globally in hydropower generation during the year 2019. [19] India had set a target of 175 gigawatts (GW) of renewable energy (excluding large hydro) capacity by 2022. [47]
Since its development on 9 June 2008, IEX had recorded 37.4 million transactions, the same month that electricity prices on the exchange hit a record low 13 paisa/KWh. In November 2009, IEX won Best E-Enabled Customer Platform at the second annual India Power Awards for developing what was described as "a robust platform for energy trading. [5]
ReNew reached 10 GW of gross renewable energy assets during 2023-24. [6] It generated 17,385 GWh during in 2023. [21] It contributes approximately 10% of India’s total solar and wind energy generation and has the largest wind portfolio in India, with a capacity of 4.7 GW, representing 10.5% of India’s total wind energy capacity. [22]