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.
Module supply-demand mismatches, higher prices to hit India’s utility-scale solar deployment this year
After a record-breaking 14 GW addition in 2022, India’s annual utility-scale solar deployment will slow down in 2023 due to lower awarded capacity in 2022 and supply-demand mismatch for high-capacity modules, says a new report by The International Energy Agency (IEA).
Tata Group to set up 20 GWh lithium-ion cell plant in Gujarat
Tata Group will set up a 20 GWh lithium-ion cell manufacturing plant in Gujarat with an estimated investment of INR 13,000 crore in the first phase.
Polysilicon prices plunge worldwide on bearish market sentiment
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.
Ohmium, NTPC sign PEM electrolyzers supply deal
Ohmium’s proton exchange membrane (PEM) electrolyzers will be used by NTPC to decarbonize energy, transport and ammonia projects.
Parekh joins O2 Power, Bhide now regional president for John Cockerill
Hiten Parekh has been appointed assistant vice president – commercial and industrial at O2 Power. Belgium’s John Cockerill Group has promoted Vivek Bhide to the regional president.
ONGC, Assam discom sign JV agreement for 250 MW battery storage project
The joint venture will build, own and operate a 250 MW/500 MWh battery energy storage system in Assam, enabling the effective integration of large-scale solar power capacity coming up in the state.
CleanMax raises $360 million from Brookfield
The solar and wind project developer said the fund raised from Brookfield Renewable will support its growth plans of becoming a 5 GW+ platform over the next three to four years.
Funds may dry up for APAC oil and gas firms slow on diversification path
While more financiers are committing to limiting capital for fossil fuel, their oil and gas sector borrowers in the Asia Pacific region still adopt a wait-and-see approach to new energy.
Global investment in clean energy nearly doubles that of fossil fuels
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
