The role of hydrogen electrolysers in sustainable energy
Hydrogen electrolysers are emerging as key players in grid balancing and energy storage strategies worldwide. By converting excess renewable electricity into hydrogen during periods of low demand, electrolysers offer a scalable solution to store energy for later use.
Budget 2024-25: Key highlights and analysis
Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector.
Budget 2024-25: India imposes customs duty on solar glass imports, exempts equipment for cell and module manufacturing
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
The Hydrogen Stream: Rolls-Royce, TCS collaborate on hydrogen research programme
Tata Consultancy Services (TCS) has expanded its partnership with Rolls-Royce to research hydrogen fuel system technology for enabling use of hydrogen in aviation.
JSW Energy secures LoAs for 500 MW solar plus storage, 300 MW solar projects
JSW Neo Energy, an arm of JSW Energy, has received a letter of award from Solar Energy Corp. of India Ltd for setting up a 500 MW solar power project along with 250 MW/500 MWh of energy storage systems. It has also secured a 300 MW solar power project from Karnataka Renewable Energy Development Ltd.
Tesla lands 15.3 GWh Megapack supply contract
Tesla has received a giant order from U.S. developer Intersect Power, equating to around 165% of the total battery energy storage systems it deployed in Q2 2024, which saw the highest quarterly deployment in the company’s history to date.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
SECI concludes 1.2 GW/1.2 GWh solar, storage tender with average price of $0.041/kWh
Acme Solar Holdings, Hero Solar Energy, JSW Neo Energy and Pace Digitek Infra have emerged winners in Solar Energy Corp. of India’s tender for setting up 1.2 GW solar with 600 MW/1.2 GWh energy storage capacity.
Karnataka launches 100 MW/130 MWh solar-plus-storage tender
Karnataka Renewable Energy Development Ltd (KREDL) is accepting bids to set up a ground-mounted grid-connected 100 MW AC solar PV plant along with 130 MWh battery energy storage system in the Kalaburgi district of Karnataka.
