Green hydrogen hubs: Unfolding India’s potential
Hydrogen hubs, which are organised areas where production and utilisation facilities are closely linked, can make green hydrogen projects more viable. This cluster-based approach addresses the technical, logistical, and commercial challenges of long-distance hydrogen transport, enhances project viability, and allows for economies of scale and concentrated infrastructure.
Gensol wins GUVNL’s 250 MW/500 MWh standalone battery storage tender
Gensol Engineering Ltd has won the 250 MW/ 500 MWh standalone battery storage tender by quoting the lowest price of INR 3.72 lacs/MW/month.
Australia adds 9.6 GWh pumped hydro project to pipeline
The pipeline of pumped hydro storage projects in the Australian state of Queensland continues to grow, with Victoria-based renewables company BE Power announcing plans to develop an 800 MW/9.6 GWh project at Mount Alma near Gladstone.
Avaada signs green ammonia offtake MoU with Mysore Ammonia
Avaada Group has signed a Memorandum of Understanding (MoU) for long-term supply of green ammonia to Mysore Ammonia, an ammonia distributor and trader in India.
JSW Energy starts construction of 1 GWh battery storage
JSW Energy has started construction work for its 1 GWh battery energy storage project in India, marking its foray into energy storage services. The company is also spearheading the development of India’s largest commercial-scale green hydrogen project in India.
The Hydrogen Stream: Sembcorp signs term sheet to supply green ammonia from India to Japan
Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
SECI launches 539,000-mtpa green ammonia tender
Solar Energy Corp. of India (SECI) is accepting bids to produce and supply 539,000 metric tonnes of green ammonia per year for use by the fertilizer industry in India. Successful bidders setting up green ammonia production facilities will be eligible for incentives under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Bidding closes on July 29.
ReNew posts profit for fiscal 2024
ReNew Energy Global achieved profitability with a net profit of $50 million for FY 2024, compared to a net loss of $60 million for FY 2023. Annual revenue surged to $1,158 million.
BNEF Summit highlights sluggish trading of low-carbon hydrogen, derivatives
Analysts at the recent BNEF Summit in Munich discussed delays for hydrogen adoption in European countries, noting that locations are crucial for predicting which hydrogen production plans will proceed. Projects in areas with high amounts of renewables have an advantage.
Panasonic partners Aerem to provide financing to its solar customers
Panasonic Life Solutions India has partnered with Aerem Solutions to facilitate financial assistance for its solar customers in the residential and commercial & industrial (C&I) sectors.
