AfDB identifies key priorities for minigrid deployment in Africa
An African Development Bank (AfDB) report covering critical takeaways from the ARE Energy Access Investment Forum 2023 says that challenges in financing, policy, technology, and skills enhancement must be overcome to support the deployment of distributed renewable energy minigrids across Africa.
Indian startup develops sand-based gravity energy storage system
Baud Resources, a cleantech start-up, has developed a gravity energy storage mechanism that uses locally available materials like sand and industrial waste as its payload. The company is expected to announce its inaugural commercial plant by the end of this year, with completion expected in 2025. The plant will have a 100 MWh capacity and offer a levelized cost of storage of around INR 2.5/kWh.
India’s 10 GWh tender draws seven bids to set up giga-scale battery cell manufacturing facilities under PLI scheme
Bids were received for seven times the manufacturing capacity of 10 GWh to be awarded.
Sterling and Wilson Renewable Energy revenue up 51% YoY
Sterling and Wilson Renewable Energy has reported consolidated revenue of INR 3,035 crore in FY 2024, 51% up year-on-year. The company’s unexecuted order book surpassed INR 8,000 crore.
Acen pushes ahead with 9.6 GWh pumped hydro project in Australia
Development of an 800 MW/ 9,600 MWh pumped hydro project in the Central-West Orana Renewable Energy Zone in New South Wales, Australia, is now moving forward, as renewables company Acen Australia has started geological works on site.
Greenzo to build green hydrogen plant for offtake by steel producer
Greenzo Energy has secured a $6 million order to set up a 2.5 MW green hydrogen project integrated with a solar and water treatment plant in Karnataka. The offtaker is a steel producer.
Indus Towers partners NTPC to develop renewable energy projects for business operations
Indus Towers has signed a memorandum of understanding with NTPC Green Energy Ltd (NGEL) to explore joint development of grid-connected renewable energy based power projects including solar, wind, energy storage, etc.
ReNew, Japan’s JERA partner for green ammonia project in India
The green ammonia project to be developed in Paradip, Odisha, will have a green ammonia production capacity of around 100,000 tons per year by 2030. JERA will be the offtaker for the project.
MG Motor India partners with Epsilon Group for EV charging, battery recycling
MG Motor India has signed an agreement with Epsilon Group for electric vehicle (EV) charging solutions and battery recycling and second-life expertise.
JLR, Allye Energy partner on 270 kWh portable battery energy storage system
Jaguar Land Rover (JLR) and Allye Energy have agreed to collaborate on a 270 kWh portable battery energy storage system (BESS) built with second-life Range Rover batteries. The system, which is set to become the first commercially available BESS with JLR battery packs, can fully charge up to nine Range Rover PHEV vehicles at once.
