Driving India’s green energy transition: Effective government policies and incentives
If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.
Rajasthan tenders up to 2 GWh of battery energy storage capacity
Rajasthan Vidyut Utpadan Nigam Ltd is accepting bids to develop standalone battery energy systems (BESS) for an aggregate storage capacity of 1,000 MWh (500 MW x 2 hours) in Rajasthan. It may allot additional capacity up to 500 MW/1,000 MWh under Green Shoe option.
Italian startup offers green hydrogen generation, storage system for homes
Italian startup Hybitat Srl has developed a hydrogen production and storage system for long-term storage of surplus residential and commercial solar power. The system includes a main unit with an electrolyzer and fuel cell, as well as a storage unit with 3 kg of hydrogen capacity and 100 kWh of energy capacity.
Reliance Power claims ‘fraud’ by third party, to challenge SECI ban
In a stock exchange filing later today, Reliance Power said it will take all legal steps to challenge SECI’s action that bars the company from participation in future government tenders for three years.
India’s climate policies to reduce 4 billion tonnes of CO2 emissions between 2020 and 2030: CEEW Study
India’s climate policies on power, transport and residential sectors, such as scaling renewables to advancing energy efficiency and electric mobility, have already mitigated 440 million tonnes of carbon dioxide (MtCO2) between 2015 and 2020, and are on track to save 3,950 MtCO2 emissions between 2020 and 2030. However, achieving net-zero by 2070 needs bolder action.
Epsilon, Korea’s Daejoo join hands to develop graphite-rich silicon composite anode material for EV lithium batteries
Epsilon Advanced Materials and Daejoo Electronic Materials aim to jointly develop graphite-rich silicon composite anode materials for lithium-ion batteries with a capacity of 450 – 600 mAh/g, thereby increasing discharge capacity by 50% and life span by thousands of cycles.
Concentrated solar power, a much cheaper solution than batteries for energy storage
By offering cheap energy storage, concentrating solar power has a huge potential. However, it requires international standards to become a competitive market proposition.
India’s expanding battery energy storage ecosystem presents INR 3.5 trillion investment opportunity till FY 2032
An SBICAPS report says funding of the battery energy storage ecosystem in India (spanning the project as well as the upstream level) presents an INR 3.5 trillion opportunity till FY32, with an INR 800 billion medium-term investment potential provided by upcoming cell manufacturing capacities.
Rajesh Power Services plans to raise around INR 150-160 crore through IPO
The Gujarat-based EPC service provider for the power sector intends to utilise part of the net proceeds for in-house development of technical expertise in the production of green hydrogen and associated equipment such as electrolysers.
Rajasthan, Gujarat need policy interventions to sustain leadership in renewable energy deployment: IEEFA
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
