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Energy Management Systems

Corporate funding for battery storage up 75%

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.

Self-assessment tool for renewable energy action

The Portal for Renewable Energy Action Assessment Metrics is an online rating system which enables businesses to self-assess their renewable energy consumption.

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SM Auto partners Taiwan’s Gotech on EV battery packs and BMS

Pune-based SM Auto Engineering, in technical collaboration with Taiwan based Gotech Energy, will set up a state-of-the-art plant in Pune to design, develop and manufacture advanced battery packs and battery management systems for electric vehicles.

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Greenko, NTPC sign MoU for round-the-clock power supply

Hyderabad-based RE developer Greenko Energies, which is developing over 40 GWh of pumped hydro storage projects in India, has partnered with NTPC to develop round-the-clock power supply solutions by integrating renewable energy sources and pumped storage.

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Energy storage investment to approach $10bn in 2025

Analyst IHS Markit has predicted storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite Covid-19 with state-level policies set to keep the US the global capital for the next five years.

CERC approves trading in green term-ahead market

The market-based mechanism will allow resource-rich and resource-deficit States to trade renewable energy and balance their renewable purchase obligation (RPO) targets. 

ION Energy’s analytics selected for 581 MWh of large-scale battery storage projects

US-based esVolta will deploy the Edison Analytics software platform across its battery energy storage projects in North America. The software is expected to result in savings of $450,000 annually for esVolta by reducing excess battery degradation through improved heating and discharge management. 

India to have 60% electricity generation from renewables by 2030

To support renewable energy integration, the government aims to make the thermal capacity flexible, almost 55% in the first stage and gradually extend it to the entire capacity.

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One Nation, One Sun, One DSM

The government needs to rationalize and ensure uniformity of Deviation Settlement Mechanism (DSM) regulations across the country for the seamless integration of renewable energy. 

Hybrid and RTC projects to boost India’s RE and energy storage market

The global hybrid energy market, including energy storage, is projected to touch $40 billion by 2025. It is an opportunity that India has capitalized upon, earlier than others.

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