A research team has developed OHP-based photoanodes for photoelectrochemical (PEC) water splitting, minimizing the usual limitations. Meanwhile, China released its first hydrogen guideline, and Germany announced €18.6 billion for the hydrogen industry. Finally, a German company finds out that hydrogen trains are more expensive than battery-operated vehicles.
Servotech Power Systems will invest around INR 300 crore ($36.2 million) to set up an electric vehicle (EV) charger manufacturing facility with backward integration in the state.
Rajasthan Urja Vikas Nigam Ltd has allocated 600 MW in its 1.2 GW solar-with-storage tender. The lowest discovered tariff was INR 6.68 ($0.081)/kWh.
Grid-scale battery storage systems have surpassed the charging capacity of pumped hydro in Australia’s national grid, following the recent completion of two new battery projects, totaling 150 MW.
Sungrow will supply its 1+X modular inverter solution to the 2.2 GW AC solar plant of the NEOM green hydrogen project. The PV plant is being executed by Larsen & Toubro on an EPC basis.
The state-run explorer Oil and Natural Gas Corp. Ltd (ONGC) aims to achieve an installed renewable energy (RE) capacity of 10 GW by 2030 and 1 million tonnes per annum capacity of green ammonia production as part of its efforts to reduce its carbon footprint.
Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.
Singapore-based developer Vena Energy says it will investigate opportunities to make solar panel components and battery energy storage systems in Indonesia, in order to support a hybrid megaproject with up to 2 GW of solar and more than 8 GWh of energy storage.
Tata Power has signed a Memorandum of Understanding (MoU) with the government of Maharashtra to develop 2.8 GW of pumped hydro storage projects in the state. The cumulative project cost is estimated at INR 13,000 crore.
India’s National Green Hydrogen Mission targets the development of 5 million metric tonnes of green hydrogen production capacity per annum by 2030, which would require the nation to install 60-100 GW of electrolyzer capacity.
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