Energy Storage

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.

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.

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 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.

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 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.

Solhyd, a KU Leuven spinoff, is refining its technology to reach megawatt-scale production of hydrogen-producing solar panels with a €6 million ($6.5 million) investment from a consortium of Flemish investors.

GreenH Electrolysis has secured an EPC and long-term service contract with Hyderabad-based Medha Servo Drives for a hydrogen production and refueling station in the Jind district of Haryana. The station will supply hydrogen for India’s first hydrogen train.

Tata Power EV Charging Solutions will install fast and ultra-fast electric vehicle (EV) charging points at IndianOil retail outlets in major cities as well as across major highways in India.

A new report by TERI recommends measures to develop large-scale pumped storage plants in India. It also traces the growth and status of pumped storage hydro plants in India and the world.