NTPC, ONGC to collaborate for renewable energy projects
NTPC Green Energy Ltd and Oil and Natural Gas Corp. Ltd (ONGC) have signed an agreement to collaborate in various areas of renewable energy (including energy storage, green hydrogen and its derivatives) in India and overseas.
India’s green hydrogen will be the cheapest in the world: Power minister
Already 5.8 million tons of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
Exide Energy to produce NCM, LFP lithium battery cells initially
Exide Energy is setting up 6 GWh of lithium battery capacity initially, including 3 GWh for lithium nickel cobalt manganese oxide (NCM) and lithium iron phosphate (LFP) cells each. It plans to scale it to 12 GWh in the near future.
Honeywell invests in US iron flow battery specialist ESS
Honeywell purchased $27.5 million in ESS common stock and intends to purchase $300 million in ESS product, with $15 million prepaid. The collaboration enables Honeywell to integrate ESS technology into its global offering, and ESS gains license to Honeywell’s flow battery intellectual property.
India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
Enabling India’s self-reliance in lithium battery-grade materials
Attero Recycling, India’s largest e-waste and lithium-ion battery recycler, recently processed samples from the Jammu and Kashmir mining belt and was able to recover 200 PPM (parts per million) of lithium carbonate, which was close to the ballpark range shared by the government of India. Nitin Gupta, chief executive officer and co-founder of Attero Recycling, speaks to pv magazine about the significance of their extraction and refining methods in ensuring India’s self-reliance in critical battery-grade materials.
SJVN to get PFC loan for 70% of over $14.2 billion renewables, thermal projects
SJVN is setting up renewable energy, thermal power and other projects at a total cost of about INR 118,826 crore ($14,276 million). The MoU with PFC will allow it term loan financial assistance at around 70% of the project cost.
SECI tenders 1.26 GW of renewables storage
Solar Energy Corp. of India Ltd (SECI) has launched a tender to select developers for 1,260 MW of firm, dispatchable power from renewable energy projects with storage systems. Bidding closes on Nov. 10.
Hygenco, Al Jomaih Energy to jointly explore green hydrogen projects in Saudi Arabia
Hygenco develops end-to-end green hydrogen and green ammonia assets on a build-own-operate and build-own-operate-transfer basis.
REC approves over $1.1 billion in debt funding for solar-wind, pumped storage projects
The state-owned power finance company has approved a debt funding of INR 6,075 crore (around $731 million) to Greenko’s 1.44 GW pumped storage project and over INR 3,081 crore ($371 million) to Serentica Renewables’ 560 MW solar-wind hybrid project.
