Uma Gupta
RecycleKaro invests INR 100 crore to set up nickel metal facility in Maharashtra
Maharashtra-based RecycleKaro will set up a plant to produce nickel metal from scrap lithium-ion batteries and nickel hydroxide. The plant is set for commissioning by December end and is expected to produce 1,200 tonnes of nickel metal annually.
Global sales of off-grid solar energy kits hit 9.5 million units in 2022
In 2022, off-grid solar energy kit sales reached a record-breaking 9.5 million units. This is almost one million more than 8.5 million units sold in 2019. Of the 9.5 million annual sales, 5.2 million were recorded in the second half of 2022.
Navitas Solar introduces module manufacturing unit in USA
Indian manufacturer Navitas Solar has collaborated with US-based Sustainable Equity and Colby Solar to set up a module factory named Navitas Solar USA by Colby with a manufacturing capacity of 1.2 GW per annum.
India added 3.6 GW of solar in first half of 2023
The new solar addition in the first six months of 2023 was 53% less year-on-year, mainly because of extensions for several large-scale projects.
OGO Energy launches residential battery storage solutions
India’s OGO Energy has launched battery energy storage systems with indigenously developed smart battery management system. These systems feature a modular design. Up to five battery modules of 5.12 kWh each can be combined to give a storage capacity of 25.6 kWh.
Oriana Power wins 20 MW solar project from Coal India arm
Oriana Power Ltd has won the contract to build a 20 MW AC solar PV plant at Bharat Coking Coal Ltd’s Dugdha Washery Area in Jharkhand.
Adani TotalEnergies E-Mobility, Evera Cabs partner to develop charging hubs
The two partners will initially set up a large-sized super hub in Samalkha, New Delhi, with 200 EV charging points. It will have a combination of AC and DC chargers and will support Evera consumers as well as other cab aggregators and individual EV owners.
Exide seeks land for additional 6 GWh lithium battery cell capacity
Exide Energy Solutions, which is building a 6 GWh lithium-ion cell manufacturing facility in Karnataka, has sought additional 40 acres of land for expansion to 12 GWh in the state.
“Pumped hydro storage is the most emerging opportunity in power sector”: NHPC chairman
RK Vishnoi, chairman and managing director of NHPC, said pumped storage will be the mainstay for NHPC in the near future. The state-owned power producer has already signed MoUs to develop multiple gigawatts of pumped storage projects in Andhra Pradesh, Gujarat, Maharashtra, and Odisha.
PFC reports record profit in FY 2022-23
Power Finance Corp. (PFC), the largest lender to the Indian power sector, recorded a net profit of INR 11,605 crore in FY 2022-23.
