The EPC contractor and solar PV module manufacturer aims to capture over 15% of India’s Rs 600 crore off-grid solar inverter market by 2022, thus becoming one of the largest solar inverter players in the segment.
In September 1988, the United Nations spelt doom for the Maldives when the organization predicted that a gradual rise in average sea levels would leave the Indian Ocean nation of 1,196 small islands completely covered by water within 30 years.
Deployment of lithium-ion battery storage systems is growing rapidly, with Wood Mackenzie recently predicting that the U.S. market alone could be worth $4.7 billion within the next five years. Demand is rising for both grid-scale and behind-the-meter applications in a number of markets throughout the world, particularly in East Asia, the global hub of lithium-ion battery production. But a recent string of fires in South Korea – one of the world’s biggest markets for stationary storage, thanks to a concerted government push – has rekindled smoldering concerns about safety.
Mobility company Shuttl will also set up more than 50 EV charging points in prime locations and state-run power distributor BSES Rajdhani Power Limited will invest in testing facilities to support stabilizing the grid for EV charging, as well as pilot schemes on effectively integrating renewable electricity into its network.
Storage companies are working with solar developers towards strategic alliances, says Naveen Sharma, Vice President-Sales & Strategic Planning, Exicom Power Solutions—an electric vehicle (EV) infrastructure developer that has set up an R&D centre in Bengaluru to facilitate development of lithium-ion battery packs. In an interview with pv magazine, Sharma also talked about the current scenario for Li-ion battery storage manufacturing in India and strategies to succeed.
Tata Power will set up rooftop solar projects for Indraprastha Gas Limited (IGL) establishments. The two companies will also explore the feasibility of large-scale ‘group captive’ solar power projects for IGL’s own consumption, and commercial-scale charging and/or battery swapping stations for electric vehicles.
The benchmark levelized cost of electricity (LCOE) for lithium-ion batteries has fallen to $187 per megawatt-hour since the first half of 2018. The overwhelming cost improvement is making batteries paired with solar or wind projects challenge coal- and gas-fired generation for grid stability, according to BloombergNEF (BNEF).
Finnish clean-energy company Fortum has achieved the Lithium-ion battery recycling rate of over 80%—as against the current 50%—with a low-CO2 hydrometallurgical recycling process.
While these electric vehicle (EV) charging facilities will mainly come up at CNG and petrol pumps, 33 are planned for Metro Stations as well, in addition to one each in the parking area at Indira Gandhi International Airport and Jamia Millia. These are likely to become operational within three months.
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