Energy storage

Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.

RWTH Aachen University in Germany has investigated the safety of battery storage systems and compared it with other household appliances or technologies. The study aims to create a reliable database for classifying fire risk for consumers and regulators.

Renewable Energy Expo India (REI) returns to Greater Noida at the start of October, for what will be its 17th edition. For the second year running, The Battery Show India will run concurrently with REI. pv magazine had the chance to catch up with Julian Thomas, Senior Project Director at show organizer Informa Markets, to discuss why electric vehicles and energy storage are now the key to India’s energy transition.

India’s 2024-25 budget reflects a strategic and holistic approach to the energy sector, emphasising sustainability, innovation, and energy security. By promoting pumped storage, advancing nuclear technology, transitioning to emission targets, and supporting renewable energy and energy efficiency, the budget lays a strong foundation for a sustainable and resilient energy future

The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.

The proposed REC subsidiary at GIFT City will engage in lending, investment, and other financial services, contributing to the growth of India’s energy sector.

While the benefits of solar adoption are evident, challenges persist. The irregularity of solar power and the lack of efficient storage technologies remain primary concerns. The upfront costs of solar installations, though decreasing, remain a barrier for many. Complex regulations and bureaucratic hurdles often deter individuals and businesses from embracing solar energy. Addressing these challenges demands a concentrated effort.

Haryana-based Hygenco plans to develop and rapidly scale up multiple green hydrogen facilities across India in the next two years.

The two batteries have a storage capacity of 13 and 19.5 kWh, respectively. Both lithium-ion systems use LiFePO4 as the cathode material and have a round-trip efficiency of over 86%.

Mindtree’s digital solution enables remote monitoring and control of all services at Larsen & Toubro’s green hydrogen plant in Gujarat. It drives the effective utilization of resources such as solar and battery energy storage systems.