Form Energy to deploy 100-hour iron-air battery system in US
US utility Georgia Power has more than 850 MW of active energy storage projects under development or in operation across its service territory.
Amp Energy India receives $250 million from SMBC, ICG, and AIIB
Indian developer Amp Energy has secured up to $250 million in growth capital from Japan’s Sumitomo Mitsui Banking Corp. (SMBC), UK’s Intermediate Capital Group (ICG), and China’s Asian Infrastructure Investment Bank (AIIB).
Govt puts pumped storage on fast track
The Central Electricity Authority recently approved a 1.35 GW pumped storage project in Andhra Pradesh in a record time of 70 days.
Dubai’s tender for 6th phase of giant solar park attracts lowest bid of $0.0162154/kWh
DEWA said it will announce the preferred bidder for the 1,800 MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in the third quarter of this year.
Green hydrogen: A key enabler for a sustainable future
Green hydrogen holds the potential to decarbonize critical sectors and provide clean energy solutions. However, it accounts for less than 1% of global hydrogen production. Targeted interventions are required to facilitate a smooth transition toward a green hydrogen economy.
Open-access solar installations up 68% in Q1 2023
India added 518 MW of new open-access solar capacity in the Jan.-March period of 2023, compared to 308 MW installed in the previous three months.
IH2A submits plan for $5 billion national green hydrogen hubs by 2030
Industry body India Hydrogen Alliance has submitted a plan to the government to build five large national green hydrogen corporations with a collective enterprise value of $5 billion by 2030. The plan shows public finance support, in the form of CAPEX and offtake incentives for National Green H2 Hubs, is crucial for creating financially viable green hydrogen infrastructure, especially in the initial 2024-30 period.
Global battery market forecast to grow 186% by 2025
CEA’s Energy Storage System (ESS) Supplier Market Intelligence Program (SMIP) offers a biannual market report about the leading global lithium-ion battery cell manufacturers and energy storage system integrators.
ReNew trims net loss to $61 million in FY 2023
ReNew Energy Global posted a net loss of $61 million for FY 2022-23, compared to $196 million for FY 2021-22.
Lohum introduces 5 kWh storage system made of second-life EV battery
Noida-headquartered Lohum has introduced a 5 kWh energy storage system under its collaboration with MG Motor India to develop second-life solutions for used EV batteries.
