Energy Storage

2024 marks the second consecutive year in which India more than doubled its annual renewable auction volumes, says a new report by BloombergNEF.

NTPC Ltd will invest in building 4.2 GW of nuclear, 1.2 GW of pumped storage and 2 GW of renewable energy projects in Chhattisgarh.

Surya International has won EPC package for a solar-hydrogen-BESS based 200 kW microgrid at Chushul, Ladakh. The project will supply round-the-clock renewable power in off-grid defense locations under extreme climatic conditions.

The tariff adoption by Central Electricity Regulatory Commission (CERC) is a critical regulatory requirement under the Electricity Act and power purchase agreements. It provides regulatory certainty to the entire bidding process and ensures the sanctity of the discovered tariff, paving the way for the successful bidders to proceed with project execution and financial closure.

The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the production chain in the country has led to a fall in costs and a possible technological shift with the focus on LFP batteries. Cooperation between countries can be strategic to diversify the battery production chain and create sustained demand, assesses the International Energy Agency.

Tata Power Renewable Energy Ltd has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to jointly explore opportunities for the development of up to 7 GW of renewable energy projects, including solar, wind, and hybrid projects with or without storage solutions.

BGR Tech will integrate Stargate’s alkaline electrolyser stacks with its in-house developed balance-of-plant to execute green hydrogen production projects in India.

While many data centres have started using solar power as part of their energy sources, they still depend on grid energy because of regulatory issues like discom regulations and banking policies. To enhance the use of green energy and lessen reliance on fossil-fuel-based grid electricity, combining battery energy storage systems (BESS) with hybrid solar and wind power systems is a practical solution.

Indian PV manufacturer Vikram Solar will launch a 1 GWh fully integrated solidstate cell and battery facility, expandable up to 5 GWh.

Sumitomo Electric’s new system comes in three versions, providing up to 10 hours of storage. It achieves improvements in output and energy density, through component enhancements, thereby reducing cost and physical footprint.