Utility Scale Storage

Norway’s Scatec Asa has signed a 25-year power purchase agreement (PPA) with Egypt Aluminium for a 1.1 GW solar plant with 100 MW/200 MWh of battery energy storage. The agreement has been billed as Egypt’s first utility-scale PPA with an industrial offtaker.

The energy storage market is rapidly evolving with cutting-edge battery technologies leading the way. Ongoing advancements are improving lithium batteries’ safety and longevity, further solidifying their position as the preferred choice for solar energy storage systems. Other promising developments are solid-state batteries, flow batteries, and sodium-ion batteries.

REC Ltd has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and INR 18,360-crore financing of pumped storage projects in Kerala over the next five years.

A CEEW study says that if India’s power demand were to continue to outpace current projections, the nation must target 600 GW of non-fossil capacity by 2030 to meet the demand most reliably and affordably.

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.

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.