Reliance Industries presents scaled-up solar, battery ambitions
Reliance Industries says that production will begin at its 10 GW factory for solar cells and modules by 2024. It plans to double the facility’s capacity to 20 GW by 2026 and is aiming for 50 GWh of annual cell-to-pack battery capacity by 2027.
JSW Energy wins SECI tender for 1 GWh of battery energy storage systems
The private-sector power producer will set up standalone, grid-connected battery energy storage projects with an aggregate capacity of 1 GWh on a build-own-operate-transfer basis. The projects will be located in the Indian State of Rajasthan.
India’s power market design must evolve as renewables’ share rises, says IEEFA
A new report by IEEFA says India’s power market design must evolve to transition faster to an ultra-low-cost renewable energy-based electricity system.
The long read: Flowing into the lithium supply gap
Australian-born vanadium redox flow technology and new homegrown electrolyte sources are set to bulk up renewable energy storage options in the Pacific region and plug the gap left by lithium supply-chain issues. Natalie Filatoff reports from Sydney.
ReNew secures $1 billion loan for 1.3 GW renewables project
ReNew Power, a Nasdaq-listed Indian developer, has secured $1 billion in external commercial borrowings for a 1.3 GW wind-solar energy project, backed by up to 100 MWh of battery storage. The project is co-owned by Japanese investor Mitsui and will supply round-the-clock power under a 25-year power purchase agreement.
Gujarat opens bidding for 500 MW/1 GWh of standalone battery storage
Gujarat Urja Vikas Nigam Ltd. has started accepting bids to develop 1,000 MWh (500 MW x two hours) of grid-connected battery energy storage systems in Gujarat.
Greenko to develop 400 MW of wind, solar for Hindalco’s aluminum smelter
Renewables major Greenko will develop 375 MW to 400 MW of solar and wind capacity to power Hindalco’s aluminum smeltering operations in Odisha. It will back the renewables generation with hydro pump storage capacity in Andhra Pradesh to ensure 100 MW of round-the-clock supply to Hindalco.
Study finds 100% renewables would pay off within 6 years
New research from Stanford University researcher Mark Jacobson outlines how 145 countries could meet 100% of their business-as-usual energy needs with wind, water, solar and energy storage. The study finds that in all the countries considered, lower-cost energy and other benefits mean the required investment for transition is paid off within six years. The study also estimates that worldwide, such a transition would create 28 million more jobs than it lost.
Ohmium and Spirare collaborate with NTPC for green hydrogen project
NTPC, India’s largest power utility, will use Ohmium’s PEM electrolyzer for green hydrogen generation at its NETRA campus. Delhi-based Spirare Energy will provide EPC services for the plant.
Global energy storage deployment may hit 500 GW by 2031
Wood Mackenzie said it expects the United States and China to represent 75% of global energy storage demand in a highly consolidated market.
