Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.
The Indian multinational EPC has this week unveiled a new global division that will focus on the development of power+storage hybrid solutions. The new unit will focus initially on lighting up remote islands and has an installation target of 1 GW.
Wipro Limited and State Bank of India (SBI) has become the first from India to join The Climate Group’s global Electric Vehicle initiative, EV100. Wipro expects to scale up the EV to 1000 by 2023, whereas, SBI will set up charging stations in major residential spaces.
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about his recent participation in the International Solar Alliance founding ceremony held on March 11, 2018. He mentioned that in ISA member countries, correct energy policies, and risks in the investment are critical and need to be addressed.
Dr. Frank Rijsberman, Director-General, Global Green Growth Institute (GGGI), South Korea, speaks to pv magazine about its ventures in the Indian solar and storage market. Rijsberman outlines that the country’s growing and diversifying economy, with its ambitious renewable targets, can help to capitalize on the demographic dividend. As a result, it can become the world’s primary consumer sustainable growth market.
Testing from TÜV Rheinland has revealed that PV inverters and battery storage systems are vulnerable to hacking. By changing system parameters, a hacker could potentially cause a battery system to corrode, “making it like a ‘bomb’.”
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
Mahindra & Mahindra Ltd and Ford has signed a memorandum of understanding (MoU) to co-develop electric vehicles for India and emerging markets. To support Mahindra’s EV roadmap, the company had signed an agreement with LG Chem for its lithium-ion batteries.
RK Singh chairs meeting with battery manufacturers, urges them to set up battery manufacturing units in India. He assures that all possible efforts from the government for setting up the facilities will be made.