Thermax enters green hydrogen market in partnership with Australia’s Fortescue Future Industries
Pune-based Thermax has partnered with Australia’s Fortescue Future Industries to explore opportunities for the joint development of fully integrated green hydrogen projects for commercial and industrial customers in India. They also contemplate collaborating on electrolyzer and subsystem manufacturing facilities to support green energy projects in India.
Adani to develop 15 GW of renewable energy projects in Andhra Pradesh
Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.
Greenko raises $700 million in equity funding for pumped storage projects
The Hyderabad-based developer will use the amount towards the capital expenditure of more than 25 GWh of pumped storage projects.
New thermal battery offers fast, efficient performance at low cost
US engineers have built a scalable thermal energy storage prototype system that combines the best latent and sensible heat transfers. The technology, which is now market-ready after three years of testing, consists of engineered cementitious materials and thermosiphons in a combination that enables fast, efficient thermal performance at low cost.
Karnataka, Gujarat lead the way in transition to clean electricity
A joint study by IEEFA and Ember analysed 16 Indian states on their preparedness to shift away from fossil-fuel-based power, ability to incentivize greener market participation, power system’s reliability, and policies pushing for power sector decarbonization. It shows Karnataka and Gujarat fare well in progress towards clean electricity transition.
Karnataka tenders 1 GW pumped storage project
The pumped hydro storage plant, connected to the intra-state transmission system, is to be developed on a build-own-operate basis. Bidding closes on March 12.
Pumped hydro key to meeting storage demand
Pumped hydro energy storage can be readily scaled to any required storage capacity at a known and affordable cost.
Lithium discovery big win for India, but concerns remain over mining and refining
India has struck gold by discovering 5.9 million tonnes of lithium resources in Jammu & Kashmir. The nation now needs to work towards building the capacity to extract lithium in a sustainable and eco-friendly way.
India needs over $4 billion to create 50 GWh of lithium battery capacity under PLI Scheme: CEEW
A new study by CEEW deconstructs the lithium-ion battery cell manufacturing process, calculates the material and finance requirements, and offers a blueprint for the domestic strategy.
Renewable energy auctions not in tandem with government targets
India tendered only about 28 GW of variable renewable energy capacity in 2022, as against 40 GW in 2019. The nation needs to add 30-35 GW of new VRE capacity annually to reach its climate targets by 2030 and that requires more than 35 GW of annual tendering.
