REC commits over $3.7 billion for Acme, Avaada green hydrogen projects in Odisha
REC Ltd will provide debt funding totaling INR 31,000 crore (over $3.7 billion) to support two green hydrogen projects in Odisha. This includes INR 16,000 crore to Acme Group and INR 15,000 crore to Avaada.
The Hydrogen Stream: Japan backs hydrogen in aviation
The Japanese government has confirmed to pv magazine that it is launching a new support scheme for hydrogen in aviation, while Japanese investors continue to actively pursue participation in a green ammonia project in South Africa.
Residential battery inventories soaring in Europe, says S&P Global
European warehouses are reporting extremely high inventory levels for residential energy storage systems, with aggressive prices expected, as distributors need to start clearing their stocks, according to S&P Global.
Sodium-seawater batteries for short, long-term stationary energy storage
Italian researchers studied sodium-seawater batteries (SWBs) for short- and long-term energy storage on Sardinia and found that SWBs with wave energy smoothed out power fluctuations, while enabling a fully decarbonized power generation system over the long run.
Hygenco to develop Maharashtra’s first green hydrogen project
Hygenco Green Energies will construct and operate a 100% green hydrogen production plant in Maharashtra for supply to Sterlite Technologies Ltd’s glass preform plant located in Aurangabad.
India’s emergence as a credible option in renewables supply chain
Clean technology and ancillary equipment offer a cumulative $300-400 billion sales opportunity for Indian manufacturers within this decade, according to a new report by KPMG that says India has the potential to emerge as an alternative in the renewable energy supply chain.
Birla Carbon acquires Belgian nanotube manufacturer to drive growth in lithium battery materials
Birla Carbon has acquired Belgium’s carbon nanotube manufacturer Nanocyl as it looks to establish a leadership position in materials critical to lithium-ion battery performance.
The Hydrogen Stream: India, Saudi Arabia sign hydrogen agreement
India and Saudi Arabia have agreed to develop electrical interconnections and low-carbon hydrogen, while Masdar has partnered with Boeing ion the sustainable aviation fuel (SAF) industry.
Stanwell partners with Queensland manufacturer on ‘world’s largest’ iron flow battery
Electricity generator Stanwell Corporation has supersized its plans to develop grid-scale iron flow battery storage systems in collaboration with Queensland-based battery manufacturer Energy Storage Industries – Asia Pacific, announcing a binding agreement that could deliver a 150 MW commercial battery by as early as 2029.
NHPC tenders 1.5 GW of renewables storage
NHPC has launched a tender to select developers for 1.5 GW of firm, dispatchable power from renewable energy projects with storage systems. Online bids can be submitted till Nov. 13.
