ReNew trims net loss to $61 million in FY 2023
ReNew Energy Global posted a net loss of $61 million for FY 2022-23, compared to $196 million for FY 2021-22.
Torrent signs MoU for 5.7 GW of pumped hydro storage in Maharashtra
Torrent Power has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop a cumulative 5.7 GW of pumped hydro storage capacity in Maharashtra.
Saltwater redox flow battery with integrated ultracapacitor
US-based Salgenx says it has successfully integrated ultracapacitors with its saltwater redox flow batteries, resulting in significantly better power response and system performance.
NHPC exploring pumped storage development
The state-owned hydropower producer is exploring pumped storage development in Andhra Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, and Odisha.
Lohum introduces 5 kWh storage system made of second-life EV battery
Noida-headquartered Lohum has introduced a 5 kWh energy storage system under its collaboration with MG Motor India to develop second-life solutions for used EV batteries.
Tata Group to set up 20 GWh lithium-ion cell plant in Gujarat
Tata Group will set up a 20 GWh lithium-ion cell manufacturing plant in Gujarat with an estimated investment of INR 13,000 crore in the first phase.
ONGC, Assam discom sign JV agreement for 250 MW battery storage project
The joint venture will build, own and operate a 250 MW/500 MWh battery energy storage system in Assam, enabling the effective integration of large-scale solar power capacity coming up in the state.
Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
L&T advances renewables infrastructure for world’s largest green hydrogen plant
Larsen & Toubro (L&T) is set to begin constructing the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility in Saudi Arabia, as it has made significant progress from design to procurement.
Himadri invests US$6.7 million in Australia’s Sicona Battery Technologies
India’s Himadri Speciality Chemical has acquired a 12.79% stake in Sicona Battery Technologies, an Australian startup that specializes in high-capacity silicon anode technology for lithium-ion batteries.
