Markets & Policy

India’s robust economic growth translates to rising demand for energy. This demand provides a substantial market for renewable energy investments, encouraging firms to venture into this sector. However, as the nation marches ahead in RE adoption, it needs to overcome challenges like high capital costs and inadequate grid infrastructure.

The Indian renewable energy developer recorded a net profit of INR 2,983 million ($ 36 million) for the three-month period ended June 30, 2023, compared to a net loss of INR 104 million in the corresponding period last year.

As the US and British government press ahead with their hydrogen support projects, a team from Korea and the US has developed an iridium nanostructure catalyst, which decreased the amount of the chemical element. Meanwhile, hydrogen projects are proceeding in West Virginia, Denmark, Finland, and Japan.

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.

The first-of-its-kind green hydrogen mobility project at 11,562 feet will harness green hydrogen using renewable power from a co-located, dedicated solar plant of 1.7 MW.

The lack of standardized charging systems can create complications for EV owners. Different EV models may require specific charging systems, and a universal standard is crucial to ensure compatibility and ease of use.

Huawei, Sungrow, Ginlong, Solis, Growatt, and GoodWe emerged as the top solar inverter vendors in 2022, driving a significant portion of the year’s 330 GW (AC) of global inverter shipments.

The Indian government is actively steering the nation towards a sustainable and environmentally-conscious energy future. However, this juncture calls for a strategic alignment of protective measures to ensure their intended outcomes, notably reducing India’s reliance on energy imports and positioning the nation as a global hub for solar manufacturing.

Gensol Engineering has posted a 47% year-on-year increase in its revenue to INR 1,517 million ($18.27 million) for the first quarter of fiscal 2023-24.

Biwatt Power, a Chinese manufacturer, has developed new residential sodium-ion batteries with an efficiency rate of 97% and a projected lifespan of more than 3,000 cycles.