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Distributed Storage

Tesla lands 15.3 GWh Megapack supply contract

Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.

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Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more 

With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.

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Elastocalorics could replace heat pumps, air conditioning systems

Elastocalorics have the potential to replace current air conditioning and heating systems, offering significant energy savings when paired with technologies such as photovoltaics.

VinFast exploring Andhra Pradesh for second EV and battery plant in India

Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.

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REC secures JPY 31.96 billion green loan from Deutsche Bank AG

REC Ltd has secured a green loan of JPY 31.96 billion (equivalent to $200 million) from Deutsche Bank AG to finance eligible green projects in India.

Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says

According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.

Rays Power Infra forms subsidiary for gigawatt-scale solar, battery storage manufacturing

Rays Power Infra has set up a wholly-owned subsidiary for production of solar modules, solar cells, and battery energy storage systems (BESS) at gigawatt scale.

India’s installed battery storage capacity reached 219.1 MWh as of March end: Mercom

The recently released Mercom report expects India to add 1.6 GWh of standalone battery energy storage systems and 9.7 GW of renewable projects plus energy storage by 2027.

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WoodMac predicts 3.8 TW of new solar by 2033

Solar developers are expected to install 3.8 TW (AC) of global capacity between 2024 and 2033, according to the latest forecast from Wood Mackenzie. The analysts predict that new wind and solar installations will reach a combined 5.4 TW, taking the cumulative global total of the two technologies to 8 TW by 2033. Energy storage capacity, […]

SECI to launch second green hydrogen tender

Also, Mangalore Refinery and Petrochemicals Ltd has invited bids to set up a green hydrogen production plant on build-own-operate basis and supply 10 ktpa of green hydrogen (GH2) to its refinery on a continuous basis.

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