Vanadium offers unique characteristics as a battery material, as it can shed electrons without shifting from its ionic state, ensuring high cycling stability. South Korea’s Standard Energy has developed a battery with just 1% degradation after 20,000 cycles. The company has already completed 10 MWh of projects in its home market and now aims to expand internationally.
While the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme is a vital first step, it can be finetuned to generate interest among start-ups and global players.
JSW Energy will receive a fixed capacity charge of INR 10.84 lakh per MW per month for twelve years for 60% (150 MW/300 MWh) of the total battery storage capacity.
Acme has secured a long-term offtake contract with Norway’s Yara for 100,000 tons per annum of ammonia from renewables.
Earlier this year, Adani Group also announced pumped storage investments in Tamil Nadu and Telangana.
The battery energy storage system (BESS) with an installed capacity of 152.325 MWh has a dispatchable capacity of 100 MW AC (155.02 MW peak DC) solar power with 40 MW/120 MWh BESS. The project is located in Rajnandgaon, Chhattisgarh.
India has witnessed a surge in solar and wind energy projects, backed by investments from both domestic and international sources. Green finance plays a pivotal role in funding these projects.
NTPC Green Energy Ltd (NGEL) hax signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corp. (APIIC) for the development of an integrated green hydrogen hub on 1,200 acres land in Andhra Pradesh.
Torrent Group will develop 4.15 GW of pumped storage, a 150 MW solar power plant, and a pilot green hydrogen production facility in the Indian state of Uttar Pradesh.
ReNew E-Fuels is developing a green ammonia plant with a production capacity of 1.2 mmtpa (million metric tonnes per annum) in the Indian state of Odisha.
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