Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.
Under the brand name EZ Charge, Tata Power has already installed 170 fast and smart-charging points for electric vehicles in more than 20 cities across the country.
MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.
As per the MoU, the state-owned power producer along with the oil and gas producer shall explore setting up of renewable energy projects in India and overseas, and sustainability, storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.
The recently concluded 400 MW renewables auction to supply 24-hour electricity saw winning bid of INR2.90/kWh—a new milestone after peak+off-peak tariff of INR4.07 was achieved in January’s 1.2 GW auction demanding assured power supply during peak demand hours.
The projects shall be co-funded by India’s Department of Science & Technology and the European Commission’s Innovation and Networks Executive Agency. The aim is to make energy supply cleaner, more efficient and affordable by smartly integrating large amounts of renewable energy in local energy systems. Proposals can be submitted till September 1.
While the solar and storage pairing is still relatively new, the growth over the next five years will be significant globally. As against just 5% in 2019, by 2025 more than 25% of all behind-the-meter solar systems will be paired with storage.
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
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