Markets

A new report by KPMG outlines strategies to enhance resilience and competitiveness in India’s electric vehicle (EV) ecosystem amid sharply rising demand for critical raw materials such as lithium, nickel, cobalt, and rare earth elements.

Canada’s International Trade Tribunal is running an interim review of the country’s anti-dumping and countervailing duties on solar modules and laminates from China, following a request to exclude flexible solar panels that affix to curved surfaces.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that November brought above-average solar conditions in northern India and Pakistan, while southeastern India and Sri Lanka faced reduced solar output due to Cyclone Ditwah’s storms and heavy cloud cover. Despite southern disruptions, India’s renewable energy share rose, driven by strong solar generation in the north and overall growth in renewable capacity.

Researchers at India’s MIT World Peace University (MIT-WPU) have developed a Liquid Organic Hydrogen Carrier (LOHC) system capable of transporting hydrogen in a stable liquid form that is non-flammable, non-explosive, and manageable at normal temperatures and pressures. This breakthrough removes one of the biggest barriers slowing the widespread adoption of hydrogen in India.

As of June 2025, the overall achievement (operational capacity) rate of the solar PLI scheme stood at approximately 29% of the total awarded capacity. Capacity additions remain below targets, with only 59% of module capacity and 14% of polysilicon capacity achieved as of June 2025.

MaxVolt Energy is set to triple its lithium battery pack production capacity from 72,000 units per annum to 2.25 lakh units annually with the addition of a new 55,000 sq. ft. facility in Duhai, Ghaziabad.

Toshiba Energy Systems & Solutions Corp. (Toshiba ESS) has started testing batteries and energy management solutions to stabilize electricity in remote Saudi Arabia through a hybrid wind-solar pilot project. The project will run until May 2028 to evaluate power- and energy-oriented batteries and optimize battery use.

India’s renewable capacity target represents necessary but sufficient progress toward climate stabilization. Delhi’s pollution demonstrates that energy supply-side transformation alone cannot deliver intended outcomes. Transport emissions, industrial activity, and residential heating must undergo equal transformation.

As smart grid tech is rolled out around the world to modernize legacy assets and integrate renewable energy generation, it is also making the electricity network more prone to cyber attacks. IEC Standards provide protection but they also are challenged to keep up with the latest threats.