Triton signs EV battery packs, hydrogen fuel cells deal with BEL
The India arm of USA-headquartered Triton Electric Vehicle has issued an INR 8,060 crore (around $971 million) Letter of Intent to state-owned Bharat Electronics Ltd (BEL) for the purchase of EV battery packs. It will also transfer its technology to BEL for production of hydrogen fuel cells in India.
India’s EV charger market to surge at 46.5% annually until 2030
The annual electric vehicle (EV) charger shipments will grow to 0.9 million units by the year 2030, from around 17,000 units in 2021. The growth in sales will be driven by government policies and private investments.
NTPC, Mitsubishi sign MoU for hydrogen co-firing in Auraiya gas power plant
NTPC and Japan’s Mitsubishi Heavy Industries (MHI) have signed an agreement for hydrogen co-firing in MHI’s gas turbines installed at NTPC Auraiya gas power plant in Uttar Pradesh. The two companies will collaborate to carry out the study and identify key actions for introducing hydrogen co-firing blended with natural gas.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
India expected to annually deploy 35-40 GW of renewables until FY2029-30 end
Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.
Jio-bp to install fast EV chargers at M&M dealerships
Jio-bp will set up a DC fast charging network at Mahindra & Mahindra’s dealership network and workshops across the country as the latter plans to launch a range of electric SUVs in the next few years.
Erisha E Mobility launches EVs and EV charging stations, eyes battery manufacturing
The electric vehicle (EV) manufacturer has launched electric cargo and passenger vehicles in the L5 category, along with EV charging stations. It also plans gigawatt-scale production of EV batteries soon.
The long read: Netting true value from batteries
Net metering reforms in the US are a missed opportunity to harness residential battery storage, argue researchers from the Lawrence Berkeley National Laboratory. Compensation rules for residential rooftop solar are evolving toward a model that encourages customers to use battery storage to maximize solar self-consumption. However, is this a good thing? Galen Barbose, Sydney P. Forrester, and Chandler Miller investigate.
Sterling and Wilson signs 961 MWp/455 MWh solar storage deal with Nigerian government
Sterling and Wilson Solar Solutions has signed an agreement with the Nigerian Government to build solar projects aggregating to 961 MWp along with total battery storage capacity of 455 MWh in Nigeria.
India could cut electricity costs by about 40% with transition to fully renewables-based power system by 2050
A new study by Finland’s Lappeenranta-Lahti University of Technology (LUT) shows a 100% renewable energy-based power system is technically possible and is the least-cost option for India in 2050.
