Hero Future Energies, Ohmium to install 1 GW of green hydrogen capacity
Indian renewable energy developer Hero Future Energies has partnered with US-based Ohmium International on the development of green hydrogen plants in India, the UK, and Europe with a cumulative electrolyzer capacity of 1 GW.
Bloom Energy to power India’s first green hydrogen microgrid
State-owned NTPC Limited has selected California-headquartered Bloom Energy’s electrolyzer and hydrogen-powered fuel cell technologies for the nation’s first green hydrogen-based energy storage deployment.
US-based DroneBase acquires solar analytics firm AirProbe
With the acquisition, DroneBase adds AirProbe’s market-leading artificial intelligence solution for aerial solar inspections and proprietary data analytics and expands its reach to India, Asia, and Europe markets.
American bank to lend $500 million for First Solar’s 3 GW fab in India
The debt finance from U.S. International Development Finance Corporation will support the thin-film solar manufacturer’s 3 GW/ annum module manufacturing facility coming up in Tamil Nadu.
Ohmium ships its first ‘made in India’ hydrogen electrolyzer to USA
USA-headquartered Ohmium International, through its subsidiary in India, manufactures modular-interlocking proton exchange membrane (PEM) electrolyzers for hydrogen production. The company aims to make India a nucleus for global hydrogen-based green energy solutions with R&D centers in Silicon Valley (USA) and Bengaluru (India).
Power Global lithium batteries to drive Rap Eco Motors’ 50,000 EVs
The US-based startup, which has a battery production plant in Greater Noida, has landed a deal to supply its swappable lithium-ion battery technology to Hyderabad-based Rap Eco Motors.
KKR-backed Virescent Infrastructure raises US$62 million
Mumbai-headquartered Virescent Infrastructure, set up by US investor KKR to own and operate renewable energy assets in India, has raised INR 4.6 billion (US$62 million) through its renewable energy-focused infrastructure investment trust (InvIT). Canada’s Alberta Investment Management Corporation (AIMCo) led the funding.
C4V signs 1.16 GWh lithium battery cell supply deal with Omega Seiki
The New York-headquartered technology provider will supply over 1.16 gigawatt-hours (GWh) of its lithium-ion battery cells to power India-based Omega Seiki’s lineup of electric vehicles. The cells, assembled into batteries, will be delivered over the next five years.
LUCAS TVS plans 10 GWh lithium-ion battery fab in Tamil Nadu
The Indian auto-components manufacturer will set up a semisolid lithium-ion cell manufacturing facility in Chennai under a technology licensing agreement with American startup 24M. The first phase of the planned 10 GWh fab would start production in the second half of 2023.
India planning to call bids for 4 GW electrolyzer capacity
Currently, the cost of producing green hydrogen ranges from 3.6 to 5.8 USD/kg depending on the renewable energy mix and electrolyzer technology. Scaling the electrolyzer production globally will help drive down green hydrogen costs.
