ABB India expands manufacturing footprint
ABB India has added a new line for variable-speed drive modules at its Peenya factory in Bengaluru.
Annual EV sales in India surpassed 1.2 million in FY 2023
Uttar Pradesh led the yearly electric vehicle sales with a 15.15% share of the cumulative 1.2 million units sold in FY 2022-23. It was followed by Maharashtra (12.72%) and Karnataka (9.14%).
Lithium-iron phosphate prismatic battery cells with energy density of 138 Wh/kg
Chinese energy storage company Imren Battery has introduced its new EVE LF105 lithium-iron phosphate (LFP) prismatic battery cells, which can be used in a wide range of applications, including EVs, renewable energy storage, and other applications.
Renewables, hydro now account for over 40% of India’s installed power capacity, says CEEW-CEF
India reached a cumulative installed power generation capacity of 416 GW as of March 2023. Renewables formed 30% and hydro 11% of the capacity mix.
India’s optimal electricity generation mix for 2029-30
A new study by Central Electricity Authority assesses the least-cost, optimal generation capacity mix to meet India’s projected electricity demand for the year 2029-30.
Green hydrogen demand to reach 2.85 MMT/annum by 2030
A new report estimates India will reach annual green hydrogen demand of 2.85 million metric tons (MMT) by 2030 under the current policy and project momentum. To meet this demand, it will need 62 GW of additional renewable energy capacity, 29 GW of electrolyzer capacity, and 11 MMT per annum of ammonia infrastructure, which together represent an investment opportunity of at least $57 billion.
Tata Power profit soars by 77%
Tata Power recorded a revenue of INR 56,033 crore and a net profit of INR 3,810 crore in FY 2022-23.
Solar module prices remain at 13-week low, spread against M10 cell narrows from January high
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.
ACME Group, Indraprastha Gas Ltd sign green hydrogen agreement
ACME and Indraprastha Gas Ltd (IGL) have agreed to jointly explore the setting up of hydrogen generation plants, including electrolyzers, to blend green hydrogen in IGL’s natural gas supply.
BluSmart raises $42 million to scale EV fleet, megacity operations
BluSmart Mobility secured $37 million in equity and $5 million in venture debt in its latest funding round. It will use the funds to expand its EV fleet capacity to 10,000 over the next one year and penetrate deeper into megacities.
