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.
Tamil Nadu could lower carbon emissions by over 36 million tonnes with 5-10% conversion to EV use
A new report says Tamil Nadu could lower carbon emissions by over 36 million tonnes if 5-10% of all two-, three- and four-wheeler vehicle sales in the state during 2022-30 are converted to electric.
Hydrogen to play limited role in building energy supply
How much hydrogen is actually needed? Several German research institutes have examined 40 energy scenarios for hydrogen ramp-up and found that 15 million GWh of hydrogen will be needed worldwide by 2050.
KKR, Hero Group to invest $450 million in Hero Future Energies
The investment will support Hero Future Energies in expanding its renewable energy capacity and capabilities across the solar, wind, battery storage, and green hydrogen technologies.
India’s electrolyzer manufacturing capacity will reach 8 GW per year by 2025, says Rystad
India will have six hydrogen electrolyzer gigafactories operational by 2025, aggregating to a combined annual capacity of over 8 GW.
Canadian pension fund invests in Mahindra’s renewables arm
Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.
Servotech launches lithium battery manufacturing arm
The New Delhi-based solar and EV charger manufacturer has formed a new arm, Techbec Industries, to manufacture lithium batteries for electric vehicles (EVs) and solar energy storage applications.
Shell to install over 10,000 charging points across India by 2030
The energy major launched the first of these electric vehicle (EV) chargers for the four-wheeler and two-wheeler segments in Bengaluru today.
