Tata Power Q3 FY 2024 PAT grows to INR 1,076 crore
Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
Subsea pumped hydro for utility scale storage at deepwater
Researchers in Norway have investigated the technical potential of implementing subsea pumped hydro storage at water depth not exceeding 2,000 m. They also identified potential locations for these storage systems based on energy density.
Long-duration storage market to hit $223 billion in 20 years, says IDTechEx
Alternatives to lithium-ion batteries will likely emerge in the years to come, according to a new report by IDTechEx.
Serbia attracts $2 billion Chinese investment in solar, wind, hydrogen
The Serbian Ministry of Mining and Energy has signed a memorandum of understanding (MoU) with Chinese companies Shanghai Fengling Renewables and Serbia Zijin Copper. It envisages the construction of 1.5 GW wind and 500 MW of solar projects alongside a green hydrogen production facility with 30,000 tons of annual output.
NTPC arm signs MoU for INR 80,000 crore green hydrogen to ammonia project
NTPC Green Energy Ltd (NGEL) will develop a green hydrogen to green ammonia project with a capacity of up to one million tonne per annum (mtpa) in Maharashtra.
Rystad tips Australian projects to help propel global green hydrogen growth
Rystad Energy has countered the International Energy Agency’s (IEA) recent “reality check” for the green hydrogen sector, predicting that the momentum behind renewable-based hydrogen will gather pace in 2024 as global renewable energy capacity continues to expand rapidly.
PV may help CSP reduce its LCOE by 18% in Saudi Arabia
Researchers have found that the current levelized cost of energy (LCOE) for concentrated solar power (CPS) plant in Saudi Arabia could be as low as $0.137/kWh. However, combining the tech with PV would significantly enhance the cost competitiveness of CSP.
Agratas partners Tata Technologies to fast-track battery solutions for electric mobility, renewable energy storage
The collaboration with Tata Technologies will enable Agratas to accelerate product development, including the design and integration of battery cells into modules and packs for global customers in the mobility and energy sectors.
Largest US solar-storage project goes online
A new 875 MW solar project in California features nearly 2 million solar panels and offers more than 3 GWh of energy storage.
Hero Future Energies signs MoU for INR 4,000-crore projects in Uttar Pradesh
Hero Future Energies will invest INR 4,000 crore into setting up renewable energy projects, battery energy storage systems, facilities for the production of green hydrogen and its derivatives, etc in the Indian state of Uttar Pradesh.
