Energy Storage

New research from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has shown that combining rooftop PV systems with battery storage and heat pumps can improve heat pump efficiency while reducing reliance on grid electricity.

Dedicated funds for residential rooftop solar under ‘Pradhan Mantri Suryodaya Yojana’ and increased incentives for solar manufacturing MSMEs are on the wishlist of the Indian solar sector. In battery storage, players expect the inclusion of battery recycling within the PLI Scheme and continued investments in developing battery storage solutions.

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 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.

Servotech Power Systems has secured the order to manufacture, supply, and deploy 1,800 DC Fast EV chargers primarily at Bharat Petroleum Corp. Ltd (BPCL) petrol pumps in major cities across the nation.

NTPC Green Energy, ReNew, Avaada, JSW Energy, Welspun Godavari GH2, INOX Air Products, and Larsen & Toubro Green Energy have committed huge investments in setting up green hydrogen production capacities in the Indian state of Maharashtra.

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.

Electric vehicle (EV) battery manufacturing, battery safety, and recycling along with EV charging and battery swapping are the key areas of discussion at the Bharat Mobility Global expo, scheduled from Feb. 1 –3, 2024, in New Delhi.

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.

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.