World’s largest compressed air energy storage project breaks ground in China
Huaneng Group has begun phase two of its Jintan Salt Cavern CAES project in China. It is set to become the world’s largest compressed air energy storage facility with groundbreaking advancements in power output and efficiency.
Bihar receives INR 90,734 crore investment proposals in renewable energy
Ashoka Buildcon, HPCL, NHPC, NTPC Green, SJVN, Sun Petrochemicals and Surya International are among companies that have signed memorandum of understanding with the state government for investment in renewable energy
Annual lithium-ion demand surpasses 1 TWh for first time
The big milestone comes on the back of a record month for electric vehicle sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter’s impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Antidumping investigation could more than double cost of U.S. EV battery, energy storage
Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
ABB to acquire Gamesa’s power electronics, storage business
ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
Shift to 2 kV voltage in solar projects tipped to gain traction
Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.
Reliance Power arm secures LoA for 930 MW solar with 465 MW/1,860 MWh battery storage
This is India’s single largest project of solar and battery storage system.
ACME Solar secures 250 MW renewables-plus-storage project in NHPC auction
With the latest win, Acme Solar’s overall renewables portfolio has increased to around 7 GW.
Oriana Power commits INR 10,000 crore renewable energy investment in Rajasthan
Oriana Power Ltd has signed a Memorandum of Understanding (MoU) with Rajasthan government to invest INR 10,000 crore for project development across solar, green hydrogen, and energy storage solutions.
