PCM-based thermal battery to store solar power via heat pump
Norway’s SINTEF has designed a heat storage system based on phase change materials (PCM) that can support PV generation and peak shaving. The battery’s container hosts 3 tons of liquid biowax based on vegetable oil and is now beating performance expectations at a pilot facility.
Ambri, Reliance Industries sign MoU on liquid-metal battery pilot
Reliance, a strategic investor in US-based Ambri, is purchasing Ambri’s liquid-metal battery system for demo installation as part of its broader energy storage manufacturing plans and deployments in India.
Jindal Steel and Power signs 1 GW carbon-free energy deal with Greenko
Greenko will assist Jindal Steel and Power in the design and development of the associated renewable energy capacity, and identification of potential strategic investors for the RE capacity. It will also provide its pumped storage capacity currently under development in Madhya Pradesh and Rajasthan.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
The long read: Netting true value from batteries
Net metering reforms in the US are a missed opportunity to harness residential battery storage, argue researchers from the Lawrence Berkeley National Laboratory. Compensation rules for residential rooftop solar are evolving toward a model that encourages customers to use battery storage to maximize solar self-consumption. However, is this a good thing? Galen Barbose, Sydney P. Forrester, and Chandler Miller investigate.
Sterling and Wilson signs 961 MWp/455 MWh solar storage deal with Nigerian government
Sterling and Wilson Solar Solutions has signed an agreement with the Nigerian Government to build solar projects aggregating to 961 MWp along with total battery storage capacity of 455 MWh in Nigeria.
India could cut electricity costs by about 40% with transition to fully renewables-based power system by 2050
A new study by Finland’s Lappeenranta-Lahti University of Technology (LUT) shows a 100% renewable energy-based power system is technically possible and is the least-cost option for India in 2050.
Hydrogen to play limited role in building energy supply
How much hydrogen is actually needed? Several German research institutes have examined 40 energy scenarios for hydrogen ramp-up and found that 15 million GWh of hydrogen will be needed worldwide by 2050.
KKR, Hero Group to invest $450 million in Hero Future Energies
The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.
Canadian pension fund invests in Mahindra’s renewables arm
Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.
