WoodMac: World needs 1.4 TW of grid-forming batteries by 2034
The data company says investments of $1.2 trillion in battery energy storage systems (BESS) will be required to support the installation of over 5.9 TW of new wind and solar capacity globally through 2034.
SPML Infra ties up with Energy Vault to manufacture and deploy grid-scale battery storage systems in India
SPML Infra Ltd has entered into a technology transfer agreement with USA-based Energy Vault for localized production and deployment of battery energy storage systems in India.
Tata Power Renewable Energy, ONGC collaborate on battery energy storage systems
Tata Power Renewable Energy Ltd and Oil and Natural Gas Corp have signed an agreement to jointly explore and identify commercial opportunities across various segments of the battery energy storage system (BESS) value chain.
Servotech launches solar inverters, microinverters and battery storage systems
Servotech Power Systems has launched solar solutions including on-grid microinverters and inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters feature maximum power point tracking, built-in WiFi, and reverse power transmission.
Energy storage is a solved problem
There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and rapid response. Storage is a solved problem.
Gensol Engineering’s solar EPC order book crosses INR 4,000 crore
The order book includes 1.5 GW of solar projects to be executed within a timeline of 12 to 18 months.
China’s battery price war catalyses global energy storage innovation
The plummeting costs of energy storage, driven by China’s relentless price war, are expected to catalyse more economic deployments worldwide. Lithium iron phosphate (LFP) batteries are surging in market share due to their lower costs and higher cycle life compared to nickel-based lithium-ion batteries.
IndiGrid Q4 FY 2024 revenue grows 31% year-on-year
IndiGrid’s consolidated revenue for the quarter ended March 31, 2024 was up 31% to INR 7,856 million.
GoodEnough Energy to set up 20 GWh battery storage factory in Jammu & Kashmir
Noida-based GoodEnough Energy will set up a battery energy storage gigafactory with an annual capacity of 20 GWh in Jammu & Kashmir. The factory’s initial capacity of 7 GWh will commence operations by October 2024.
SECI unveils India’s largest solar-battery storage project
The battery energy storage system (BESS) with an installed capacity of 152.325 MWh has a dispatchable capacity of 100 MW AC (155.02 MW peak DC) solar power with 40 MW/120 MWh BESS. The project is located in Rajnandgaon, Chhattisgarh.
