Energy Storage

India’s renewable power generation cost the lowest in Asia Pacific

The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.

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Andhra Pradesh cancels energy storage proposal

The move is the latest attempt by the newly-elected state government to reverse renewable energy commitments made under the previous administration.

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Energy storage and EVs clear winners in union budget 2019: IESA

The new budget aims to seize the opportunity in energy storage and EVs through a range of incentives. However, alongside demand, production and export, the government also needs to focus on e-waste management and Li-ion battery recycling to sustain raw material supply and minimize environmental impact.

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Economic Survey calls for $330 billion investment in renewables

The annual report has placed EVs at the heart of India’s decarbonization and called for an Indian answer to the U.S. ‘Motor City’ of Detroit, where electric vehicles and the batteries to run them could be manufactured.

Carmaker MG partners with Fortum to set up DC fast-charging EV stations in India

The Finnish clean energy major will install public charging stations for electric vehicles across MG’s showrooms in 5 cities including Delhi NCR, Hyderabad, Mumbai, Bengaluru and Ahmedabad by September this year.

Battery maker CATL ramps up investment in German gigafab to €1.8 billion

Previously, a mere €240 million (Rs1,870 crore) was set to flow into the giga-factory. The corporation’s management reasoned new demand for its battery cells made more investment necessary.

Akasol plans to build new battery factory near Detroit

The German battery manufacturer will make products for electric trucks and buses at the facility, which is expected to employ 200 workers and produce 400 megawatt-hours of batteries annually.

India and Australia could strike first lithium deal

Mining company Neometals and Manikaran Power have started a jointly funded study into the feasibility of establishing India’s first lithium refinery, which would process ore from the Mount Marion mine in Western Australia.

Another bidding extension for IGL’s solar-plus-battery tender

Bidders can now lodge their interest until July 1 and are required to submit any amendments, signed and stamped, along with the bid.

Europe announces plans for battery gigafactories

In news that will add urgency to Indian government efforts to establish a domestic storage industry, funding has apparently been secured for 16 GWh-plus production lines in Sweden and Germany. Is India at risk of being left in the starting blocks?

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