Historic-low interest rates will power ahead astonishing solar cost reductions
An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.
IESA proposes a policy framework for energy storage in Electricity Act
Defining energy storage under the Electricity Act could help start ancillary services and frequency regulation through energy storage as a flexible asset. It will also help to enable electric vehicle charging infrastructure, vehicle-to-grid (V2G) concepts and microgrids integration with expanded grid connectivity in the long run, according to the industry body.
Tata Power to set up superfast EV chargers at MG Motor outlets
The 50KW DC chargers will be accessible by both MG ZS electric vehicle (EV) customers as well as other EV owners whose automobiles are compatible with the CCS/CHAdeMO charging standards.
India’s IPLTech to use Faradion sodium-ion batteries for commercial vehicles
The Gurgaon-based data-driven fleet service provider—which launched India’s first all-electric heavy-duty truck last year—will use Faradion’s sodium-ion batteries in its commercial vehicles.
DST launches energy storage innovation challenge
October 31 is the last date to submit proposals for developing economically viable energy storage solutions that can be integrated with appropriate renewable energy sources to provide an uninterrupted power supply for rural households and enterprises.
Adani chief talks solar and hydrogen storage opportunity
Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.
Tata Power aims to set up 700 EV charging stations this fiscal
Under the brand name EZ Charge, Tata Power has already installed 170 fast and smart-charging points for electric vehicles in more than 20 cities across the country.
Used EV batteries for large-scale solar energy storage
MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.
NTPC, ONGC sign MoU to set up renewable energy JV
As per the MoU, the state-owned power producer along with the oil and gas producer shall explore setting up of renewable energy projects in India and overseas, and sustainability, storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
Globally, electric vehicles show more resilience than conventional cars during Covid-19 shock
EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.
