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.
The Hydrogen Stream: NTPC to produce green hydrogen from municipal solid waste, agri-waste using plasma-based oxy gasification technology
The demonstration plant will produce about 1 tonne of green hydrogen per day by gasifying about 25 tonnes of municipal solid waste or agri-waste per day.
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.
