Australian startup builds production line for thermal energy storage blocks
Australia-based MGA Thermal has secured AUD 8.25 million ($5.39 million) from domestic and international investors as it gears up for commercial-scale production of its thermal long-duration energy storage solution.
Solar, storage, and V2G at the core of Israel’s future energy system
New research has shown that Israel has the technical potential to deploy 172.5 GW of photovoltaics, of which 132.1 GW would be from conventional installations and 40 GW from agrivoltaics. If deployed, this full potential would require energy storage with a capacity of at least 500 GWh and strong development of vehicle-to-grid technologies.
C4V, Trot Solutions tie up to develop green ports in India
C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India.
Using end-of-life photovoltaic panels as building material
Scientists in India have proposed to use solar modules at the end of their lifecycle as a building material for low-cost small housing units. With solar module recycling currently not viable economically, the researchers said their approach makes conventional solar panels into BIPV products without any modifications.
40 MW solar plant to power Ayodhya
The Uttar Pradesh government will lease out 165 acres of land to NTPC Renewable Energy Ltd to develop the solar project. The power generated will be purchased by Uttar Pradesh Power Corp. Ltd at a fixed price.
WoodMac predicts 270 GW of new global PV capacity in 2023
Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.
Energy Vault completes 25 MW/100 MWh gravity-based storage tower in China
Energy Vault has started commissioning a 25 MW/100 MWh energy storage tower adjacent to a wind power facility near Shanghai.
Adani New Industries Q1 revenue up 209% YoY
Adani New Industries Ltd recorded a revenue of INR 1,898 crore ($229 million) in the first quarter of FY 2023-24, 209% up year-on-year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 7.5 times to INR 355 crore as export volumes surged 19 times.
Sterling and Wilson wins renewable EPC orders worth INR 826 crore
Sterling and Wilson Renewable Energy has won around 1 GW of EPC projects in the first four months of FY 2023-24. The projects are located in the Indian states of Rajasthan, Uttar Pradesh and Gujarat.
ISA, Airports Council to collaborate on scaling solar across airports globally
The International Solar Alliance (ISA) and Airports Council International (ACI) have agreed to strengthening cooperation to scale up solarization of airports across ISA member countries.
