Aether Industries secures electrolyte additive contract with lithium battery producer
Aether Industries has announced entry into the electrolyte additives and battery space after a substantial contract signed with an undisclosed lithium-ion battery producer.
“Energy security of the nation can’t be achieved with renewables alone”: Power minister
RK Singh, union minister for power and new & renewable energy, stated recently that the dependence on coal-based generation is likely to continue till cost-effective energy storage solutions are available.
German decommissioned nuclear plant to become 800 MW/1,600 MWh battery
PreussenElektra has revealed plans to potentially develop Europe’s largest battery storage facility at the decommissioned Brokdorf nuclear power plant site in Germany, with 800 MW/1,600 MWh of capacity. The site operator now needs to secure approval to dismantle the nuclear plant.
Gentari, IHI sign MoU to develop green ammonia value chain
Petronas arm Gentari and Japan’s IHI have signed a Memorandum of Understanding (MoU) to jointly develop a global green ammonia value chain and commercial demonstration of ammonia-powered gas turbine.
Sterling and Wilson Renewable Energy raises INR 1,500 crore through QIP
Sterling and Wilson Renewable Energy’s INR 1,500 crore ($180 million) qualified institutions placement issue received an overwhelming response from both domestic mutual funds and marquee global foreign institutional investors.
Batteries in hybrid hydro-PV systems could increase profitability by 2%
Researchers from Norway have discovered that adding batteries to projects that combine hydropower and floating PV could increase annual profits by as much as 2%, due to revenues from ancillary services and capacity markets.
Swedish zinc-ion battery startup secures funding for megafactory
Enerpoly, a Swedish startup that produces zinc-ion battery storage systems with durations of two to 10 hours, plans to scale production up to 100 MWh per year by 2026.
Erisha E-Mobility, Uttarakhand Govt sign MoU worth INR 1,900 crore
Erisha E-Mobility and the Uttarakhand Government have signed a Memorandum of Understanding (MOU) to establish an electric vehicle (EV) park and deploy 100 state-of-the-art EV charging hubs across Uttarakhand.
Cost of battery-based energy storage, INR 10.18/kWh, expected to reduce with VGF and PLI Schemes
Currently, the cost of battery-based energy storage in India is INR 10.18/kWh, as discovered in a SECI auction for 500 MW/1000 MWh BESS. The government has launched viability gap funding and Production-Linked Incentive (PLI) schemes to make battery storage affordable.
Hindalco to set up lithium battery foil manufacturing facility in Odisha
Hindalco will invest INR 800 crore to build a new battery foil manufacturing plant near Sambalpur in Odisha. The facility will initially produce 25,000 tonnes of the foils for Lithium-ion and Sodium-ion battery cells.
