Under the partnership, Magenta will install its electric vehicle charging solution ChargeGrid Pro at Lodha Group’s real estate projects in Mumbai, delivering installation to charging support, round-the-clock service, and maintenance support.
Prospective developers have until November 18 to submit bids for standalone PV systems, with inverter and lead-acid batteries, at various government high schools, health sub-centres and Anganwadi Centres.
Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.
TES issued a press release announcing the new facilities that is light on detail but claimed the plants would position it as ‘a leader’ in battery recycling. The company also announced an intent to move into the reuse of spent electric vehicle batteries in commercial and residential applications.
The Smart Energy Hub can operate in electrolysis mode to store renewable energy as hydrogen, or in fuel cell mode to produce electricity and heat from previously produced hydrogen or methane. Its developers are the French Alternative Energies and Atomic Energy Commission and start-up Sylfen.
TP Renewable Microgrid—the joint venture of India’s integrated power company and the US-based impact investor—is said to become the world’s largest microgrid developer and operator with plans to set up 10,000 microgrids by 2026.
The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.
Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.
The company has already partnered with Fortum for fast charging and Delta Electronics India for slow charging segments. The latest partnership follows Ministry of Power’s revised guidelines for EV charging infrastructure that permit private charging at homes and offices.
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