Exide infuses US$2.68 million into lithium battery JV with Leclanché
Exide Leclanche Energy Private Limited, the joint venture with Swiss energy storage specialist Leclanché, has a lithium battery pack and module assembly factory in Gujarat.
Fluence, ReNew to set up energy storage joint venture
The Fluence and ReNew Power joint venture will serve a diversified customer base in India by localizing and integrating Fluence’s energy storage products and packages for the local market. ReNew will become its first customer by procuring a 150 MWh battery-based energy storage system for its 300 MW peak power project in Karnataka.
Spraying water system for solar module cooling
A British-Indian research group has developed an active cooling technique that is claimed to improve a PV system’s yield by around 0.5%. The system could be used in residential solar arrays and the water heated by the PV modules may be fed into a solar water heating system.
SmartHelio appoints key executives
The Swiss PV diagnostics and predictive solutions provider has appointed Neeraj Dasila as chief technology officer (CTO), and Shankaransh Srivastava as vice president-marketing.
Hero Future Energies, Ohmium to install 1 GW of green hydrogen capacity
Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.
Reliance Industries to acquire sodium-ion battery provider Faradion
Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (US$135 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.
REC signs US$ 169.5 million loan agreement with KfW for innovative solar projects
This is the fifth credit line signed between REC Limited and KfW for the financing of power sector projects and the third credit line for the financing of renewable energy projects.
Virescent acquires 55 MWp of operating solar assets from Focal Energy
The acquisition is in line with Virescent’s strategy to acquire operational renewable energy assets that have stable long-term cashflows with government counterparties across India.
Shirdi Sai Electricals signs MoU with German firm to build 4 GW solar fab
German engineering and consulting firm Viridis.iQ GmbH will assist in conceptual design to construction and commissioning of the 4 GW vertically integrated poly-to-modules solar factory.
Danish electrolyzer firm Stiesdal next in Reliance new energy plans
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
