Energy Storage

The clean energy major has raised investment from Finnish impact investor Finnfund in its public charging point operator business Fortum Charge and Drive India.

The lithium battery assembly facility at Okhla, New Delhi, would initially produce batteries for energy storage in residential, commercial and industrial sectors, and for electric mobility applications. The plan is to eventually cater to critical applications like telecom and healthcare as well. 

The thermal energy storage system with a 775 tonnes-of-refrigeration heat rate is installed at IIT Kanpur’s Centre for Environmental Science and Engineering building. It is part of an urban pilot under a joint Indo-US project called UI-ASSIST on Smart Grid and Storage Technology. 

It has been a rocky year for installers with issues like availability of modules from Chinese suppliers, restricted construction due to local lockdowns, and uncertainty over import duties. Going forward, the market could see a dramatic rebound if net-metering is allowed with a current cap of 1 MW and re-introduced in the states that have shifted to gross-metering.

The New Delhi-based energy storage manufacturer has AC/DC charging stations and off-board charger solutions in its e-mobility product range.

The electronics manufacturer says it will switch focus to solar panels and lithium battery storage as it launches an inverter series for rooftop PV.

A study by Auroville Consulting assesses the techno-commercial impact of generating solar power close to the point of consumption. The study was undertaken on ten feeders of a substation in the Erode district of Tamil Nadu. The results indicated that 100% solar energy penetration, in energy terms, is not only possible but a winning proposition, especially for the distribution companies.

Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.

The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.

The latest project is another African opportunity for the India-based EPC player after successfully commissioning Nigeria’s first solar-plus-storage hybrid power plant, which is also Africa’s largest battery energy storage system.