The initiative aims to establish India’s first circular vanadium ecosystem, converting refinery waste into battery-grade vanadium pentoxide (V₂O₅)—a critical material used in next-generation long-duration batteries that support grid stability and renewable energy deployment.
India could achieve clean power system at a cost (including generation, balancing, and grid infrastructure) of around $50/MWh by 2050—significantly below current fossil fuel-driven wholesale prices—by shifting to a fully wind and solar-based electricity system requiring primarily day-night balancing.
Waaree Energies Ltd has reached an order book of 25 GW—comprising 58.7% overseas and 41.3% domestic orders—valued at approximately INR 49,000 crore.
Indian Railways has successfully tested the nation’s first hydrogen-powered coach at the Integral Coach Factory (ICF) in Chennai.
Exide Industries Ltd has invested an additional INR 100 crore in its lithium-ion battery arm, Exide Energy Solutions Ltd (EESL), through equity subscription.
Scientists in India have simulated and tested a prototype wireless charging system for electric vehicles, with a three-port DC–DC converter at its core and have found it achieved an improved efficiency of 88%.
Amara Raja Energy & Mobility Ltd said its commercial pilot plant and advanced R&D centre for lithium-ion battery cells are set for commissioning by the end of the current financial year 2025–26.
India awarded 5.4 GW of co-located solar plus battery energy storage systems (BESS) and 2.2 GW of standalone BESS to developers in the first half of 2025. This marks the nation’s highest BESS allocation to date, says a new report by Rystad Energy.
Reliance Industries Ltd (RIL) is set to commission its solar cell manufacturing facility in the next quarter, achieving a significant milestone in its goal of building a fully integrated solar manufacturing value chain in Jamnagar, Gujarat.
The report highlights significant investment opportunities across renewable energy (solar, wind, hydro), bio-energy, energy storage solutions, green hydrogen and its derivatives, sustainable transport infrastructure, digital systems and platforms for climate action, sustainable agriculture, and circular economy and waste management.
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