Budget 2023-24 reaffirms government’s focus on domestic solar and battery manufacturing, green hydrogen
The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.
Second-life batteries might beat new ones on solar LCOE in remote locations
UK scientists have discovered that second-life batteries could provide a lower levelized cost of electricity (LCOE) than conventional batteries in school buildings equipped with PV in East African schools. They said the cheapest system configuration uses either 7.5 kW or 10 kW of solar with 20 kWh of storage.
India surpassed one million EV sales in 2022
Electric vehicles (EV) sales in India soared 212% year-on-year to surpass one million mark in 2022.
Govt signs pact with Rajesh Exports for 5 GWh lithium-ion cell factory
The central government and the state government of Karnataka have signed an agreement with Bengaluru-headquartered Rajesh Exports to lend support and a tailormade incentive package for its 5 GWh lithium cell factory in Karnataka.
Electric One enters Sri Lanka 2-wheeler market, to start EV assembly by December
India’s largest EV store chain, which has a pan-India retail network of 100+ outlets, has entered the Sri Lankan 2-wheeler market through a joint venture company with cricketer Arjuna Ranatunga. The company will also start EV assembly in India by the end of December and roll out its products using battery technology developed with partner iPower.
Beam Global awarded Indian patent for smart battery management system
The US-based company has been granted patents in India and China for its smart battery management system that monitors the thermal storage capacity of the phase-change material and automatically adjusts the power output of the battery packs and cells.
Servotech hits 1,400 EV charger supply milestone in three months
Servotech Power Systems has supplied 1,400 EV chargers in a span of three months in various cities across India.
Hydrogen as a sustainable alternative fuel for transport
At Hydrogen India Summit 2023, Black & Veatch pinpointed business models that will hasten India’s shift to cleaner fuels like green hydrogen.
Emerging investment opportunities in India’s renewable energy sector
Corporate decarbonization, value chain integration, wind-solar hybrid projects, battery energy storage, offshore wind, green hydrogen, and value-added offerings such as energy-as-a-service are key trends and technologies shaping up India’s renewable energy sector and offering ample scope for investments.
US startup unveils portable solid-state lithium-ion battery for residential use
California-based Yoshino Technology has developed portable batteries using solid-state Li-NCM cell technology. The four variants come with power outputs of 330 W, 660 W, 2,000 W, and 4,000 W.
