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Strategic Alliances

Israel’s Phinergy to present Tata car powered by its aluminum-air battery

The electric car powered by Phinergy aluminum-air battery will be on display in Auto Expo India 2023 at the booth of IOC Phinergy (IOP), a joint venture of Phinergy and State-run fossil fuel giant Indian Oil Corp.

GR Promoter Group forms green hydrogen JV with Spain’s H2B2

India’s GR Promoter Group has entered the green hydrogen market in a joint venture with Spanish hydrogen technology solutions provider H2B2. The JV will manufacture water-based electrolyzers and develop green hydrogen production plants based on off-taker agreements.

Erisha partners Germany’s Greenbox for green hydrogen business

Erisha E Mobility has formed a joint venture with Greenbox to manufacture a range of green hydrogen solutions by leveraging technologies developed by Greenbox.

Tdafoq Energy partners India’s Delectrik Systems for GWh-scale vanadium flow battery plant in Saudi Arabia

Tdafoq Energy will use Delectrik Systems’ technology to manufacture vanadium redox flow batteries in Saudi Arabia. Construction has already started on a manufacturing facility in Saudi Arabia, which will be scaled to a GWh capacity by 2025.

GAIL, ADNOC to explore opportunities in renewables

Gas Authority of India Ltd (GAIL), a state-owned natural gas company, has signed a deal with Abu Dhabi National Oil Co. to explore collaboration opportunities in renewables and new energy projects.

Ambri, Reliance Industries sign MoU on liquid-metal battery pilot

Reliance, a strategic investor in US-based Ambri, is purchasing Ambri’s liquid-metal battery system for demo installation as part of its broader energy storage manufacturing plans and deployments in India.

Jindal Steel and Power signs 1 GW carbon-free energy deal with Greenko

Greenko will assist Jindal Steel and Power in the design and development of the associated renewable energy capacity, and identification of potential strategic investors for the RE capacity. It will also provide its pumped storage capacity currently under development in Madhya Pradesh and Rajasthan.

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Triton signs EV battery packs, hydrogen fuel cells deal with BEL

The India arm of USA-headquartered Triton Electric Vehicle has issued an INR 8,060 crore (around $971 million) Letter of Intent to state-owned Bharat Electronics Ltd (BEL) for the purchase of EV battery packs. It will also transfer its technology to BEL for production of hydrogen fuel cells in India.

ISA Assembly approves payment guarantee mechanism for solar projects in Africa

The fifth assembly of the International Solar Alliance (ISA) approved Solar Facility, a payment guarantee mechanism to mitigate risks associated with solar projects in Africa.

NTPC, Mitsubishi sign MoU for hydrogen co-firing in Auraiya gas power plant

NTPC and Japan’s Mitsubishi Heavy Industries (MHI) have signed an agreement for hydrogen co-firing in MHI’s gas turbines installed at NTPC Auraiya gas power plant in Uttar Pradesh. The two companies will collaborate to carry out the study and identify key actions for introducing hydrogen co-firing blended with natural gas.

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