Distributed Storage

The electric rickshaw market would grow at 33.3% annually over five years to touch $1,394.2 million by 2025. 

Magenta Power has installed street lamp integrated EV chargers at HPCL fuel stations in Delhi and Mumbai. The company aims to deploy 1000 units of these charging solutions across the nation this year.

According to the German manufacturer, the TS-I HV 80 can combine a wide variety of applications such as optimized self-consumption and intelligent peak load capping.

Relectrify said its new storage system is suitable for commercial and industrial applications and is designed for installations in the 120 kWh to 2 MWh range.

Under the joint venture, Sterling and Wilson will provide end-to-end services for electric vehicle charging stations across India. 

The energy storage system arm of Waaree Group has designed and developed Lithium batteries to power ACE Ltd’s electric forklifts running at Chennai airport.

The system generates electricity and heat for residential houses and small businesses. An integrated energy management system should guarantee maximum self-consumption of the solar power produced.

Dutch transmission system operator Tennet, which also serves Germany, is planning to create flexible electricity demand and reduce grid congestion by promoting the use of smarter heating systems and heat pumps that can also be powered by solar and wind energy. According to its experts, intelligent control of heat pumps may result in the creation of between 0.5 and 1 GW of temporary grid flexibility by 2030.

In an earnings call this week, Tesla CEO Elon Musk boldly claimed that the company will soon be “the market leader in solar.”

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.