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.
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.
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.
The Hydrogen Stream: India issues guidelines for funding of testing facilities under the National Green Hydrogen Mission
The funding scheme, with a total budgetary outlay of INR 200 crore till FY 2025-26, will support the development of robust quality and performance testing facilities to ensure quality, sustainability, and safety in green hydrogen production and trade.
Lithium-ion battery fire safety starts with the manufacturer
Fluence America’s president says stakeholder and first responder engagement is necessary to keep failures from becoming newsworthy events.
The Hydrogen Stream: AM Green, SJVN sign 4.5 GW renewables deal for green ammonia facilities
SJVN will set up 4.5 GW of renewable energy capacity to power AM Green’s upcoming green ammonia facilities.
