Battery cell manufacturing in India could attract over $9 billion in investment by 2030, says ICRA
A new report by ICRA says rising electric-vehicle penetration will drive significant investment in battery cell manufacturing in India. It expects EV battery demand in the nation to touch 15 GWh by 2025 and 60 GWh by 2030.
Prime minister Narendra Modi to launch construction of Suzuki’s EV battery plant in Gujarat
Japanese carmaker Suzuki Motor is investing INR 7,300 crore (around $914 million) to set up the electric vehicle battery plant at Hansalpur in Gujarat. The plant will manufacture advanced-chemistry cell batteries.
New battery for residential, commercial applications
Dutch manufacturer MG Energy Systems is offering a new storage system in two versions, with capacities of 5.8 kWh and 7.2 kWh and nominal capacities of 230 Ah and 280 Ah.
INOXCVA flags off India’s largest liquid hydrogen tank
INOXCVA, a Vadodara-headquartered cryogenic solutions manufacturer, has designed, engineered, and manufactured the largest liquid hydrogen tank ever made in India. The tank will be deployed in South Korea’s first hydrogen liquefaction plant, with 5 tons of daily capacity, in order to supply hydrogen charging stations for buses, trucks, and trams.
India’s EV sales to annually surge 49% in 2021-30 period, says IESA
A new India Energy Storage Alliance (IESA) report projects electric vehicle sales to grow by as much as 49% per year to 17 million units by 2030, with electric two-wheelers accounting for almost 88% of total demand.
PV with gravity storage, redox flow batteries in buildings
Indian researchers have developed a new hybrid system featuring a conventional rooftop PV system, a solar tree, two gravity power modules for building (GPMBs), and a vanadium redox flow battery (VRFB), with power exclusively provided by the two solar installations.
The long read: Flowing into the lithium supply gap
Australian-born vanadium redox flow technology and new homegrown electrolyte sources are set to bulk up renewable energy storage options in the Pacific region and plug the gap left by lithium supply-chain issues. Natalie Filatoff reports from Sydney.
EV sales to grow at slower-than-expected pace
Sales growth in India’s electric vehicle market will moderate to 75% per year over the next three years, as supply constraints drive up prices of key raw materials for batteries.
Greenko to develop 400 MW of wind, solar for Hindalco’s aluminum smelter
Renewables major Greenko will develop 375 MW to 400 MW of solar and wind capacity to power Hindalco’s aluminum smeltering operations in Odisha. It will back the renewables generation with hydro pump storage capacity in Andhra Pradesh to ensure 100 MW of round-the-clock supply to Hindalco.
Study finds 100% renewables would pay off within 6 years
New research from Stanford University researcher Mark Jacobson outlines how 145 countries could meet 100% of their business-as-usual energy needs with wind, water, solar and energy storage. The study finds that in all the countries considered, lower-cost energy and other benefits mean the required investment for transition is paid off within six years. The study also estimates that worldwide, such a transition would create 28 million more jobs than it lost.
