Electrolyzer prices – what to expect
In addition to the cost of electricity, the price of hydrogen depends largely on the up-front investment cost of the electrolyzer. The lower the full-load hours, the greater the impact. Analyst BloombergNEF (BNEF) sees a number of different possible pathways for the market to develop.
Himadri Speciality Chemical acquires 40% stake in Invati Creations
Himadri Speciality Chemical has acquired 40% stake in Invati Creations, a company focused on engineering Lithium-ion electrode materials. The acquisition was done for a consideration of INR 45.16 crore.
Evaluating the profitability of vanadium flow batteries
Researchers in Italy have estimated the profitability of future vanadium redox flow batteries based on real device and market parameters and found that market evolutions are heading to much more competitive systems, with capital costs down to €260/kWh at a storage duration of 10 hours.
GoodEnough Energy to set up 20 GWh battery storage factory in Jammu & Kashmir
Noida-based GoodEnough Energy will set up a battery energy storage gigafactory with an annual capacity of 20 GWh in Jammu & Kashmir. The factory’s initial capacity of 7 GWh will commence operations by October 2024.
GUVNL tenders for 250 MW/500 MWh standalone battery storage, 1 GW of solar projects
Gujarat Urja Vikas Nigam Ltd (GUVNL) has invited bids to set up 250 MW/500 MWh of standalone battery energy storage systems connected with the State grid. It has also tendered for the development of up to 1 GW of solar power projects.
MNRE issues guidelines for setting up green hydrogen hubs in India
Under the National Green Hydrogen Mission, at least two green hydrogen hubs will be set up by FY 2025-26 with central financial assistance of INR 200 crore for creating the core infrastructure. Each of the hubs will have a production capacity of at least 100,000 mtpa.
Maharashtra tenders for 1 GW pumped storage, 5 GW solar power
Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has invited bids to provide grid-connected energy storage capacity of 1,000 MW/8,000 MWh from pumped hydro storage plants located anywhere in India. It will enter into energy storage facility agreement with the selected developers on an annual fixed charge basis for a period of 40 years. Bidding closes on April 15.
IndiGrid awarded 180 MW/360 MWh battery storage project by GUVNL
IndiGrid will develop the 180 MW/360 MWh battery energy storage system on a build-own-operate basis in Gujarat.
NTPC invites bids for 200 MWh thermal energy storage pilot project
NTPC has invited bids to set up a pilot project for 200 MWh of thermal energy storage system integrated with a thermal power plant to supply 15 MW of additional electrical power.
SECI allocates 480 MW renewables-plus-storage at $0.068/kWh
The winning developers will set up renewable energy projects backed with energy storage system to supply firm and dispatchable RE power in a demand-following manner.
