Energy Storage

The three-day exhibition and conference held in New Delhi organized various hands-on workshops and saw discussions on topics like mini and micro-grid systems, electric transportation, and the financial analysis for these sectors. The government has also announced the upcoming energy policy, placing storage at the core.

To scale up its mini grids business in Asia and Africa, Indian energy startup Husk Power systems has received sizeable financial backing from international investors.

India Energy Storage Alliance (IESA) has signed an MoU with Indo-German Energy Forum (IGEF) to promote and facilitate the energy storage business in India among various German and Indian stakeholders.

Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.

IESA and IEEMA have together organized a masterclass to develop advanced energy storage manufacturing in India. The event has also witnessed increased government support for the sector as energy storage opportunities in India are expected to attract investment of more than $3 billion in the next three years.

Azure Power’s new initiative Azure M-Power has won a project to electrify 320 households across 11 villages in Jharkhand through development of mini and micro grids.

The project will improve stability on Canada’s largest transmission grid by managing unbalanced supply-demand situations. Similarly, Indian PSUs owned EESL, through EPAL, will also be a part of $175 million investment in clean energy initiatives in the UK’s public and private sectors.

The Clean Energy Access Network (CLEAN) has requested lithium-ion battery OEMs to demonstrate the efficacy of mini grids in the range of 15-20 kW, based on a lithium-ion battery storage system.

Mahindra Susten won the auction for 20 MW/28MWh with the final all-in price of INR 2.99 billion ($46 million).

This is the third instance where an energy storage project has been cancelled in India, after MNRE EoL and SECI’s derailed projects in 2014 and 2016 respectively.