Energy Storage

Corporate funding for battery storage up 75%

Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.

IndianOil turns to gas, not green hydrogen, to reduce Delhi bus emissions

The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.

Sterling and Wilson to build solar+storage hybrid power plant in Niger

The latest project is another African opportunity for the India-based EPC player after successfully commissioning Nigeria’s first solar-plus-storage hybrid power plant, which is also Africa’s largest battery energy storage system.

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Hydrogen needs strong public-private support with policies in place

India is in mission mode on researching different aspects of the hydrogen economy, including hydrogen production, storage and utilization for stationary, power generation and transport applications. The need is to demonstrate the scaled versions at a faster rate. 

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India re-elected as President of the International Solar Alliance

Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. The Alliance is now supported by 68 member countries, and a further 20 countries are in the process of becoming members.

Proposals invited to install EV charging stations on major highways and expressways

The second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME II) program offers incentives to deploy electric vehicle (EV) charging infrastructure.

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Swedish truck maker develops solar cell-clad trailer

The 18-meter long solar cell-clad trailer is said to enable fuel savings of 5-10% in Sweden. Swedish thin-film manufacturer Midsummer is a partner on the project.

SM Auto partners Taiwan’s Gotech on EV battery packs and BMS

Pune-based SM Auto Engineering, in technical collaboration with Taiwan based Gotech Energy, will set up a state-of-the-art plant in Pune to design, develop and manufacture advanced battery packs and battery management systems for electric vehicles.

India’s wind-solar hybrid capacity could grow 80 times in three years

A new report by the Institute for Energy Economics and Financial Analysis (Ieefa) and JMK Research estimates India to have about 11.6 GW of operational wind-solar hybrid capacity by 2023.

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Magenta Power and ematrixmile partner on EV charging network

Magenta’s tie-up with the app-based electric scooter rental service provider is aimed at setting up EV charging infrastructure in Maharashtra, and later nationwide.

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