India

India’s Himadri Speciality Chemical has acquired a 12.79% stake in Sicona Battery Technologies, an Australian startup that specializes in high-capacity silicon anode technology for lithium-ion batteries.

ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.

Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) is accepting bids to develop 810 MW of state transmission utility (STU)-connected PV projects in the Bikaner district. Bidding closes on June 7.

Telangana-based WindStream Energy Technologies has installed more than a hundred hybrid renewable energy systems, SolarMills, in the remote mountainous regions crucial for defense operations.  

State-owned thermal energy giant NLC has signed an agreement with WAPCOS Ltd, a public-sector engineering consultancy services provider, to carry out collaborative technical services and advisories for developing pumped storage projects in India.

India’s Livsol has introduced wall-mounted lithium battery inverters in 300 VA, 1 kVA, 2 kVA, 3 kVA, and 5 kVA models with operating voltages of 12.8 V, 12.8 V, 25.6 V, 51.2 V, and 48 V, respectively.

The company’s consolidated profit after tax (net profit) of INR 440 crore ($53.3 million) in the Jan-March period of 2023 was 85% higher year-on-year.

Gensol Engineering’s net profit (profit after tax) surged 125% year-on-year to INR 249 million ($3 million) during the year ended March 31, 2023.

The council will identify technology trends in green energy, analyze the evolving global policy developments, evaluate emerging business models, and advise on collaborations.

The Indian solar glass manufacturer recorded a net profit (profit after tax) of INR 88.54 crore in FY 2023, a decrease of 47% over FY 2022.