Hero Future Energies has secured a power purchase agreement with SJVN to develop a renewable energy project backed with storage to supply 120 MW firm and dispatchable power. It has also signed an agreement for a $200 million green hydrogen production plant in Vietnam.
Tata Power will install a 100 MW battery energy storage system to facilitate peak load management in Mumbai’s power network. It will implement the system across ten strategically located sites in Mumbai, centrally monitored and controlled from its power system control center.
The 20 MW/40 MWh utility-scale standalone battery energy storage system is designed to seamlessly integrate renewable energy into the distribution-level grid system, facilitate grid stabilization, manage peak power demand, and address various ancillary needs, stated IndiGrid.
Under the viability gap funding scheme, the central government pays for up to 30% of the capital cost for battery energy storage projects to help make these projects financially viable. The funds are disbursed in five tranches, including the first 10% upon financial closure of the project.
SPML Infra Ltd has entered into a technology transfer agreement with USA-based Energy Vault for localized production and deployment of battery energy storage systems in India.
The Karnataka Power Transmission Corp. Ltd has awarded 350 MW/700 MWh in its tender for 500 MW/1 GWh of battery energy storage systems.
Replus Engitech will expand its battery energy storage and EV battery production facility to 6 GWh by the end of the next year. Currently, the company has 1 GWh of cell-to-pack manufacturing capacity in Pune.
Rather than viewing battery recycling as waste management, it should be reframed as an economic and industrial opportunity. Advanced recycling techniques can recover up to 95% of lithium, cobalt, and nickel, reducing India’s reliance on raw material imports.
NHPC Ltd has launched a tender to select developers for setting up 1,200 MW of grid-connected solar PV power projects with 600 MW/2,400 MWh of energy storage systems (ESS). Additional PV capacity up to 1,200 MW with ESS is available under Greenshoe option. Bidding closes on April 24.
Governments worldwide are enacting policies that encourage investment in green technologies. As businesses recognise the long-term benefits of transitioning to renewable sources, private capital is increasingly flowing into innovative projects that promise sustainable returns.
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