NTPC, ONGC to form renewable and new energy joint venture company
This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
Fraunhofer ISE developing lithium extraction processes in Germany
The ThermIon project is intended to take into account the entire process chain from the pretreatment of the brine to lithium extraction and lithium carbonate or lithium hydroxide crystallization to the controlled return of the brine. The new process is intended to be both environmentally friendly and economical.
AM Green places India’s largest electrolyzer order with John Cockerill Hydrogen
John Cockerill Hydrogen will supply electrolyzers for AM Green’s one-million-ton green ammonia project located in Kakinada, Andhra Pradesh.
The Hydrogen Stream: Greenzo Energy unveils 1 MW alkaline electrolyzer stack
Greenzo Energy has unveiled an indigenously designed electrolyzer stack, which, it says, functions reliably across diverse Indian climates. The stack is now commercially available.
Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects
The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.
LG Energy Solutions plans U.S. battery manufacturing
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
India needs to diversify its supply chain for critical minerals: IEEFA
India should invest in resource-rich, friendly nations for sourcing of critical minerals such lithium, cobalt and nickel. The nation should minimise its reliance on imports, especially from countries with a potential trade risk in the future.
The Hydrogen Stream: BASF, AM Green tie up for low-carbon chemicals, green ammonia offtake
Germany chemical producer BASF and India’s AM Green B.V. have entered a memorandum of understanding (MoU) to jointly evaluate and develop business opportunities for low-carbon chemicals produced exclusively with renewable energy, and the corresponding value chains in India. BASF also agreed on the offtake of 100,000 tons of green ammonia per year from AM Green’s plants in India.
Servotech launches solar inverters, microinverters and battery storage systems
Servotech Power Systems has launched solar solutions including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters feature maximum power point tracking, built-in WiFi, and reverse power transmission.
