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.
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.
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.
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.
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.
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.
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.
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.
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.
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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