ADB approves $250 million loan for India’s power sector reforms
The Asian Development Bank (ADB) has approved a $250 million policy-based loan to strengthen the market for power trade and related ancillary services in India, facilitating the integration of intermittent renewable energy. The loan will also enable measures to improve the financial performance, corporate governance, and service quality of electricity distribution companies (DISCOM) and create a conducive environment for private sector investment.
Imec integrates silicon heterojunction solar cells into curved surfaces
Imec has successfully integrated silicon heterojunction PV cells into curved surfaces, resulting in a 6% efficiency increase compared to passivated emitter and rear contact (PERC) half cells. The cells are suitable for applications in vehicle-integrated and building-integrated PV (BIPV).
Siemens profit 36% up YoY in July-Aug-Sept quarter
Siemens Ltd has announced a revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023.
New multilevel PV inverter concept based on switched capacitors, single DC input
Scientists in India have developed a 500 W seven-level inverter prototype based on switched capacitors. The device is reportedly able to achieve a high efficiency despite switching, conduction, and capacitor voltage ripple losses.
Waaree signs MoU with Israel’s 3DBattery to develop energy storage solutions
Waaree Technologies plans 5 GWh battery cell production capacity leveraging 3DBattery’s lithium-ion and sodium-ion battery technology.
The Hydrogen Stream: Odisha approves four green hydrogen, ammonia projects worth INR 45,865 crore
The state government of Odisha has approved green hydrogen and green ammonia projects of Welspun New Energy, Sembcorp Green Hydrogen, and ReNew E-Fuels.
Adani Total Gas launches green hydrogen blending pilot in Ahmedabad
Adani Total Gas Ltd will blend green hydrogen with natural gas for over 4,000 home and commercial piped natural gas (PNG) customers during the pilot phase. The project will assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) consumers.
Northvolt unveils 160 Wh/kg sodium-ion battery
Swedish battery maker Northvolt has developed its first sodium-ion battery in partnership with Uppsala University spinoff Altris. The cell has been validated for an energy density of more than 160 Wh/kg and is designed primarily for energy storage applications.
The Hydrogen Stream: Germany, Italy plan hydrogen pipeline to North Africa
Germany, in collaboration with Italy, has revealed plans to import hydrogen from Northern Africa.
HPCL targets 2.4 GW renewables, 16,870 tpa green hydrogen capacity by 2027-28
The oil and natural gas major will make a capital investment of INR 75,000 crore over the next five years with up to 30% of the amount going into the renewables and gas segment.
