Siemens profit 36% up YoY in July-Aug-Sept quarter
Siemens Ltd has announced a revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023.
Waaree signs MoU with Israel’s 3DBattery to develop energy storage solutions
Waaree Technologies plans 5 GWh battery cell production capacity leveraging 3DBattery’s lithium-ion and sodium-ion battery technology.
The Hydrogen Stream: Odisha approves four green hydrogen, ammonia projects worth INR 45,865 crore
The state government of Odisha has approved green hydrogen and green ammonia projects of Welspun New Energy, Sembcorp Green Hydrogen, and ReNew E-Fuels.
Tata Power secures Letter of Award for 200 MW renewables, storage project
Tata Power Renewable Energy Ltd will develop a hybrid power plant comprising solar, wind, and battery storage components to ensure 200 MW of firm and dispatchable renewable power supply. The project has been awarded by SJVN.
Northvolt unveils 160 Wh/kg sodium-ion battery
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.
The Hydrogen Stream: Germany, Italy plan hydrogen pipeline to North Africa
Germany, in collaboration with Italy, has revealed plans to import hydrogen from Northern Africa.
Israel to build energy communities in villages destroyed by Hamas
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 wins 2,649 EV chargers order from BPCL
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 surpasses 62,000 home EV chargers milestone
Tata Power’s installed home EV charger base now extends beyond 62,000 with 11,529 new deployments done in Q2 FY 2024.
Statkraft bets on mix of renewables for hydrogen production
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.
