Madhya Pradesh chief minister Shivraj Singh Chouhan said that pumped hydro storage projects will be encouraged under the Madhya Pradesh Renewable Energy Policy 2022. The sites for these projects will be allotted based on a competitive tender process.
The energy system in Delhi can transform from being heavily based on coal, biomass for cooking, and fossil gas in 2020 towards completely based on solar PV and renewable energy imports from neighboring states by 2050, as solar PV emerges as the least-cost energy source, according to researchers from LUT University.
Battery swapping, solid-state batteries, second-life batteries, evolution from lithium to novel chemistries, and Cloud-based battery management system were the key trends in battery energy storage during the year.
The tender for 250 MW of flexible and schedulable power from renewable sources with energy storage drew the lowest bid of INR 9 ($0.11)/kW.
The US energy storage market hit an inflection point in 2020. The Energy Information Administration expects the deployment of grid-scale storage to pick up over the next three years.
The developer has won NTPC Renewable Energy Ltd’s tender for 3 GWh of energy storage capacity. Its pumped storage bid was the lowest in the technology-agnostic tender that saw participation from multiple technologies.
India’s Ministry of Power has chalked out a comprehensive plan for the evacuation of power from the planned 500 GW of renewables capacity by 2030. The plan envisages an additional transmission system and the installation of battery energy storage capacity.
Three import deals signed by the EU at Sharm El Sheikh during this month’s COP27 summit show the European Union is serious about harnessing green hydrogen for its heavy industry, and about distributing the fruits of the energy transition on an equitable basis.
UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.
The rising popularity of “baseload” power purchase agreements (PPAs) has posed questions to solar electricity suppliers in the German market. How can projects that do not generate at night, and with wide seasonal output variation, effectively supply constant power to consumers? More importantly, who shoulders the price risk?
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