Markets & Policy

Three years after acquiring US-based Cuberg, Swedish battery maker Northvolt has decided to shut down the California unit and move future lithium-metal battery R&D to Sweden.

Premier Energies intends to use INR 968.6 crore from the net proceeds to part-finance the establishment of a 4 GW TOPCon solar cell and module manufacturing facility in the Hyderabad district of the Indian state of Telangana. Amount not exceeding 25% of the gross proceeds will be utilized for general corporate purposes.

Exide Industries Ltd has invested INR 74.99 crore in lithium battery arm Exide Energy Solutions by way of subscription to the equity share capital on rights basis.

Solar Energy Corp. of India (SECI) has invited proposals to develop the core infrastructure required for setting up of green hydrogen hubs under the National Green Hydrogen Mission. Bidding closes on Oct.7.

If battery energy storage costs fall 15% every year on an average, it would enable India to potentially limit its coal capacity to the 14th National Electricity Plan projection of 260 GW by 2032, says a new report by global think tank Ember and TERI.

Led by First Solar and Hanwha Q Cells, U.S. solar module manufacturers have filed allegations with the Commerce Department, citing “critical circumstances” and suggesting increased module imports due to their previous lawsuit filings.

Real-time data visibility is the most crucial aspect of modern supply chain management. Companies should utilize Internet of Things (IoT) devices, blockchain technology and cloud-based platforms to monitor their global supply chain networks. This gives key details on inventory levels, manufacturing progress, and shipping schedules.

Taiwanese electronics manufacturer Foxconn (Hon Hai Technology Group), which is working on lithium ferro phosphate (LFP) and solidstate batteries, is exploring production of electric vehicles and battery energy storage systems in India.

British International Investment and Norfund will invest in IndiGrid’s three inter-state transmission system projects currently under-construction. These projects are expected to support evacuation of 6 GW of renewable energy in the states of Madhya Pradesh and Maharashtra. Techno will co-develop two of these projects.

Gensol Engineering Ltd, in collaboration with Matrix Gas and Renewables, has emerged as a winner bidder for 237 MW of annual electrolyzer manufacturing capacity under the government’s production-linked incentive (PLI) scheme. With this, it has secured a cumulative 300 MW capacity under the PLI tender launched by Solar Energy Corp. of India (SECI), including 63 MW awarded in the first round.