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Markets & Policy

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.

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.

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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.

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