Distributed Storage

BloombergNEF says it has recorded a 14% decline in battery prices this year, mainly due to cheaper raw materials, following an unprecedented rise in 2022.

While the benefits of solar adoption are evident, challenges persist. The irregularity of solar power and the lack of efficient storage technologies remain primary concerns. The upfront costs of solar installations, though decreasing, remain a barrier for many. Complex regulations and bureaucratic hurdles often deter individuals and businesses from embracing solar energy. Addressing these challenges demands a concentrated effort.

Jakson Green has set up an office in Dubai as it looks to increase its presence in sustainable energy solutions across the Middle East and North Africa (MENA) region. The company said its Dubai office will help it foster closer collaborations with partners and clients in the region.

Waaree Technologies plans 5 GWh battery cell production capacity leveraging 3DBattery’s lithium-ion and sodium-ion battery technology.

Swedish battery maker Northvolt has developed its first sodium-ion battery in partnership with Uppsala University spinoff Altris. The cell has been validated for an energy density of more than 160 Wh/kg and is designed primarily for energy storage applications.

Israel’s Ministry of Energy and Infrastructure says it is currently developing a multi-year program for communities attacked by Hamas on Oct. 7. It aims to deploy 5 GW of energy in the destroyed areas, once residents return.

Servotech Power Systems will manufacture, supply, and install 2,649 AC EV chargers at BPCL petrol pumps in major Indian cities across India.

Tata Power’s installed home EV charger base now extends beyond 62,000 with 11,529 new deployments done in Q2 FY 2024.

Statkraft used actual production data from wind and solar farms in Spain to study the feasibility and bankability of hydrogen projects. For a 1 MW electrolyzer to achieve a 40% utilization rate, five times more solar capacity would be needed, it said.

Nuclear Power Corp. of India Ltd (NPCIL) is setting up hydrogen generation plants with 10 Nm3 per hour capacity at its Rawatbhata (Rajasthan) and Tarapur (Maharashtra) sites. These plants will produce hydrogen via electrolysis method using nuclear power produced at the site.