Can anything topple lithium-ion?
The need for long-duration energy storage in a net-zero world is undeniable but with conventional battery prices tumbling, can anything dislodge the mainstream grip of lithium ion? S&P Global’s Susan Taylor provides an update on non-lithium storage technologies.
Sterling Generators, Tecnicas Reunidas to jointly develop electrolyzers for green hydrogen production
India’s Sterling Generators and Spain’s Tecnicas Reunidas have signed an agreement to jointly develop electrolyzers for green hydrogen production in India.
IRENA says world needs 1.1 TW of renewables per year
The International Renewable Energy Agency (IRENA) released a new report on the sidelines of the Berlin Energy Transition Dialogue this week describing the actions needed so the world complies with targets set at the recent COP29 conference in the United Arab Emirates. IRENA President Francesco La Camera says renewables are the only energy sources with the speed and scale to achieve the ambitious targets set in Dubai.
Himadri Speciality Chemical acquires 40% stake in Invati Creations
Himadri Speciality Chemical has acquired 40% stake in Invati Creations, a company focused on engineering Lithium-ion electrode materials. The acquisition was done for a consideration of INR 45.16 crore.
TotalEnergies hits 1.5 GW of on-site solar PPAs
France’s TotalEnergies says it has signed 1.5 GW of on-site solar power purchase agreements (PPAs) with more than 600 industrial and commercial customers in more than 30 countries.
MNRE issues guidelines for setting up green hydrogen hubs in India
Under the National Green Hydrogen Mission, at least two green hydrogen hubs will be set up by FY 2025-26 with central financial assistance of INR 200 crore for creating the core infrastructure. Each of the hubs will have a production capacity of at least 100,000 mtpa.
Solar asset underperformance estimated to cause $4.6 billion in preventable losses
Analyzing a global dataset of 125 GW of PV systems, drone operator Raptor Maps marked a rising trend of system underperformance.
Electric mobility promotion scheme to keep the electrification pace intact: ICRA
Rating agency ICRA expects the penetration levels of electric two-wheelers and electric three-wheelers (excluding e-rickshaws) to reach 6-8% and 14-16%, respectively, by FY 2025.
GCF approves $24.5 million investment in Avaana Capital’s climate and sustainability fund
Green Climate Fund (GCF) has approved a $24.5 million investment in Avaana Capital’s Climate and Sustainability Fund for technology-driven climate solutions.
Hartek Group appoints new CEO for Power and Renewable Infra Business
Hartek Group has appointed Sanjay Kumar as the new chief executive officer (CEO) for the Power and Infra Renewable Business. Sanjeev Gupta, the previous CEO, has been elevated to Executive Director, Technical. He now joins the Board of Directors.
