Hinduja Group invests in UK second-life battery storage specialist
Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development.
Battery metals: How quickly can supply ramp up?
A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.
Hydrogen combustion tech for residential water heaters
Japan’s Rinnai has unveiled what it claims is the world’s first 100% hydrogen combustion technology for residential water heaters. It is currently using the hydrogen water heater in demonstration projects in Australia, prior to commercialization.
Replus to switch on 1 GWh lithium battery plant by March 2023
Hiren Pravin Shah, the executive director and CEO of Replus, told pv magazine that the company aims to scale its lithium battery factory in Pune to 5 GWh by 2025-26. It also plans to recycle end-of-life batteries.
Solar-powered offgrid residential unit from Japan
Japan’s Arth has designed an autonomous habitation module that produces water in places without energy and water infrastructure. The company said the residential unit could also be used as an emergency evacuation site.
Photovoltaic water heater from Italy
Italian solar panel manufacturer Sunerg has developed an integrated photovoltaic water heater solution based on two resistances. The system relies on a maximum power point tracking (MPPT) controller and can work with a PV module with a power output of up to 450 W.
Tata Power posts 50% jump in net profit for FY2021-22
Tata Power’s profit after tax grew by 50% year on year to INR 2,156 crore ($276 million) for the fiscal year ending March 31, 2022.
Toyota unveils 8.7 kWh battery for residential applications
The battery has a rated output of 5.5 kW and can be installed in outdoor environments. It is equipped with a hybrid power conditioner, a DC-to-DC converter, and a vehicle power supply adapter with a maximum output of 1.1 kWh.
Indian renewable energy sector recorded $14.5 billion investment in FY2021-22
The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.
Technologies revolutionizing solar energy
Advanced solar panels, inverters, batteries and plant monitoring technologies are revolutionizing the solar sector.
