Category: Energy Storage

The Indian Power Ministry has requested states to not impose a free power requirement on Pumped Storage Projects (PSPs), which contravenes the usual practice of allocating a percentage of generated electricity to the home state at no cost. This has been viewed by the Confederation of Indian Industry (CII) as contrary to promoting the energy storage sector, crucial for ensuring round-the-clock power from renewable energy. The CII has released a report on “India’s Outlook on Clean Energy Storage: A Roadmap to Net Zero”, highlighting the potential for a 12-fold growth in the energy storage market by 2030, driven by flexibility, efficiency, and low operating costs. The report recommends measures such as VGF coverage, tax holiday, uniform GST reduction, and no double taxation on electricity duty and cross subsidy surcharge to facilitate large-scale deployment of energy storage systems. The Central Electricity Authority is reviewing 60 GW of storage projects, expected to be commissioned in the next six to eight years.

Source: https://www.cnbctv18.com/economy/govt-says-no-free-power-obligation-for-states-on-pumped-storage-projects-cii-says-stand-contravenes-norm-19512126.htm

The Indian government is planning to introduce incentive schemes to boost investments in battery storage systems, aiming to attract $75 billion (Rs 5,40,000 crore) in investments by 2030. As part of its efforts to create a manufacturing hub for the sector, the government aims to double the current 1 Gigawatt of battery energy storage systems to 3 Gigawatts by the end of the decade.
To achieve this, the government proposes to offer tax incentives, subsidies, and other financing options to investors. Further, the Department of Defence Production, under the ministry of defence, will extend support to manufacturers of automotive and energy storage batteries under the “Atmanirbhar” (Self-Reliant) packages.
Additionally, the Government of India’s National Educational Policy (NEP 2020) aims to promote education and research institutions to focus on battery production and technology, ensuring continuous innovation and competitiveness in the sector.
Overall, this initiative aims to create India as a key player in the global battery storage manufacturing landscape, enhance energy self-reliance, improve grid resilience, and spur economic growth while reducing foreign dependence.

Source: https://news.google.com/rss/articles/CBMi_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?oc=5&hl=en-SG&gl=SG&ceid=SG:en

India and Australia have launched the India-Australia Renewable Energy Partnership (REP) to boost cooperation in renewable energy, solar PV, green hydrogen, energy storage, and skills training. The partnership was announced during the second India-Australia Annual Summit, held on the sidelines of the G20 Summit in Rio de Janeiro. The Prime Ministers of both countries, Narendra Modi and Anthony Albanese, noted the progress made in strengthening bilateral ties across various sectors, including climate change, trade, defense, education, and research. They also highlighted the importance of research and innovation, skills development, and professional exchange in developing the critical minerals sector. The leaders expressed satisfaction with the increasing two-way trade and business engagements and welcomed further work towards a Comprehensive Economic Cooperation Agreement (CECA). They also emphasized the potential for collaboration between “Make in India” and “Future Made in Australia” initiatives to create new jobs and promote economic growth. The summit aimed to promote mutually beneficial investments and strengthen the comprehensive strategic partnership between the two countries.

Source: https://www.energetica-india.net/news/pm-modi-and-australian-pm-anthony-albanese-mp-launch-india-australia-renewable-energy-partnership

India and Australia have launched a Renewable Energy Partnership to increase investment in renewable energy sectors. The partnership, announced during the 2nd India-Australia Annual Summit, aims to collaborate on solar photovoltaics, green hydrogen, energy storage, and training programs for the renewable energy workforce. The partnership is a part of the Comprehensive Strategic Partnership between the two nations, which covers multiple domains including renewable energy. The summit also emphasized strengthening the defence and security partnership, with discussions on enhancing maritime domain awareness and planning continued aircraft deployments to promote regional peace and security in the Indo-Pacific. The partnership between India and Australia aims to promote cooperation and investment in the renewable energy sector, driving growth and sustainability.

Source: https://www.devdiscourse.com/article/headlines/3163181-india-and-australia-unveil-ambitious-renewable-energy-partnership

Quantum Commodity Intelligence offers a premium paid subscription service for professionals in the oil, biofuels, carbon, and ammonia markets. The Quantum Biofuels service provides access to a range of tools and information, including:
* Daily price assessments: Real-time prices for biofuels and other relevant commodities
* Market news and price commentary: Timely updates on market trends and analysis
* Fundamental trade data: In-depth data on trade volumes and flows
* Quantum Biofuels Daily: A daily market report sent directly to subscribers’ inboxes
The service is designed to help professionals stay up-to-date with the latest developments in the biofuels market and make informed decisions. If you’re interested in learning more about the service or would like to subscribe, you can contact Quantum Commodity Intelligence for more information.

Source: https://www.qcintel.com/biofuels/article/india-s-state-energy-firm-ups-green-budget-to-59bn-by-2030-report-32258.html

The C&I battery energy storage system (BESS) market in India is still in its nascent stage, despite the trend towards green energy adoption. Diesel generators have a long-standing presence, making it challenging for players to switch to BESS solutions. However, solar coupled with BESS is a cost-competitive solution with lower operational costs and ease of usage. The market is expected to grow as companies experience the cost and environmental advantages of BESS. Key barriers to adoption include technological uncertainty, operational risks, and reliability concerns. To overcome these barriers, public and private sector support is essential.
Emerging business models in the C&I battery storage space include “Battery as a Service” (BaaS) and “Storage as a Service” (SaaS), which allow companies to access energy storage solutions without high upfront costs. Amplus Solar, a leading player in the industry, envisions solar storage as an essential component of the future energy landscape, particularly for the C&I sector. With a focus on providing cutting-edge storage solutions, Amplus aims to support clients in achieving 100% renewable energy usage and contribute to a cleaner, more sustainable energy future.

Source: https://www.pv-magazine-india.com/2024/11/19/solar-storage-will-be-a-mainstream-solution-fully-integrated-into-energy-strategies-across-industries/

NTPC Green Energy Ltd and ONGC Green Ltd, two arms of Indian energy companies, have formed a 50:50 joint venture company called ONGC NTPC Green Pvt Ltd (ONGPL). The joint venture aims to explore and develop renewable energy projects in India and abroad through greenfield development and acquisitions. ONGPL will also focus on feasibility studies and project development for offshore wind energy projects in India. In addition to renewable energy projects, the joint venture will also explore opportunities in energy storage, e-mobility, and Environmental, Social, and Governance (ESG) compliant projects. Other areas of focus include carbon credits and green credits to facilitate the transition to low-carbon energy. The partnership is designed to accelerate the development of renewable energy in India and abroad, as well as contribute to a sustainable and environmentally friendly future.

Source: https://www.pv-magazine-india.com/2024/11/18/ntpc-ongc-form-joint-venture-company-for-renewable-energy-storage-projects/

India is committing to a sustainable energy future by mandating that solar PV projects incorporate at least 5% of their installed capacity with storage. The country has made significant strides in renewable energy capacity, adding 18.5 GW in the first quarter of 2024, with solar power accounting for 81% of the addition. However, the intermittency of renewable energy sources poses a challenge. To address this, the government has released a plan to boost energy storage utilization, with a goal of supporting dispatchable renewable energy, ensuring grid reliability, and fostering economic growth.
Battery energy storage systems (BESS) have seen a significant decline in cost, making them more competitive with conventional sources of energy. The Indian government has set a target of 238 GWh of BESS capacity by 2030 to support its energy target and balance the grid with rising renewable penetration. The country has taken forward-looking initiatives, including the National Framework for Promoting Energy Storage Systems and Scheme for Viability Gap Funding, to catalyze the transition to BESS. If successful, India can reduce carbon emissions by approximately 1.3 million tonnes annually and become a leader in BESS solutions globally by 2030.

Source: https://www.energetica-india.net/articles/future-of-energy-storage-system-and-solar-integration-in-india

The Indian government has set a target of achieving 30% electric vehicle (EV) penetration by 2030. To meet this goal, the demand for lithium-ion batteries is expected to grow exponentially, reaching 54 GWh by FY27 and 127 GWh by FY30. Currently, India imports almost all its lithium-ion battery requirements, but this is expected to decline to 20% by FY27 due to the establishment of large-scale integrated capacities in the country. The growth in demand is driven by the increasing adoption of EVs and the decarbonization of electricity grids, supported by government initiatives and policies. The government has allocated 40 GWh of integrated battery capacities under the Production Linked Incentive (PLI) scheme, with the remaining 10 GWh expected to be awarded soon. Existing manufacturers and new companies are also expected to set up battery capacities outside of the PLI scheme. According to CareEdge Ratings, India’s dependence on imports is expected to decline sharply due to the growth in domestic production, making Indian manufacturers more competitive in the global market.

Source: https://auto.economictimes.indiatimes.com/news/auto-components/lithium-ion-battery-demand-in-india-to-grow-to-127-gigawatt-hour-by-fy30/115381034

The demand for lithium-ion batteries in India is expected to grow exponentially, reaching 54 GWh by FY27 and 127 GWh by FY30. This growth is driven by the country’s ambitious target to meet 50% of its primary energy requirement from renewable energy by 2030. Currently, India imports almost all of its lithium-ion battery storage demand, but this is expected to decline to 20% by FY27 as large-scale integrated capacities are built domestically. The growth in demand is primarily driven by the expected increase in electric vehicle (EV) penetration and the decarbonization of electricity grids. The government has taken initiatives to stimulate demand, including the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and the Viability Gap Funding (VGF) scheme for Battery Energy Storage System (BESS). India has already allocated 40 GWh of integrated battery capacities under the Production Linked Incentive (PLI) scheme, with the remaining 10 GWh expected to be awarded shortly. As a result, India’s dependence on imports is expected to decline sharply, and the country’s lithium-ion battery storage demand is expected to be met largely by domestic production.

Source: https://www.zeebiz.com/economy-infra/news-lithium-ion-battery-demand-in-india-to-grow-to-127-gigawatt-hour-by-fy30-326598

The demand for lithium-ion batteries in India is expected to increase significantly, growing to 54 GWh by FY27 and 127 GWh by FY30, driven by the government’s target to meet 50% of the country’s primary energy requirement from renewable energy by 2030. Currently, India relies heavily on imports for lithium-ion batteries, but CareEdge Ratings expects this dependence to decline to 20% by FY27. The growth in demand is primarily driven by the increasing adoption of electric vehicles and the decarbonization of electricity grids. To achieve this growth, the government has taken several initiatives, including the Faster Adoption and Manufacturing of Electric Vehicles scheme and the Viability Gap Funding scheme for battery energy storage systems. Several companies have already been allocated integrated battery capacities under the PLI scheme, with additional capacities expected to be set up outside of the scheme. As a result, India’s dependence on imports is expected to decline sharply, and the cost competitiveness of Indian manufacturers will play a key factor in the market.

Source: https://economictimes.indiatimes.com/tech/technology/lithium-ion-battery-demand-in-india-to-grow-to-127-gigawatt-hour-by-fy30/articleshow/115358593.cms?from=mdr

The demand for lithium-ion battery storage in India is expected to increase significantly due to the push to decarbonize electricity grids and the growing adoption of electric vehicles. According to CareEdge Ratings, the demand is expected to reach 54 GWh by 2027 and 127 GWh by 2030. Currently, India meets its domestic demand through imports, but this is expected to decline to 20% by 2027 as giga-size integrated battery capacities come online. The government’s Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme and state subsidies are expected to drive the development of giga-scale lithium-ion battery manufacturing. India has allocated 40 GWh of integrated battery capacities under the PLI scheme, with the remaining 10 GWh expected to be awarded shortly. Existing battery manufacturers and other companies are also expected to set up battery capacities outside of the scheme.

Source: https://asian-power.com/news/indias-lithium-ion-battery-storage-demand-reach-54-gwh-2027

India’s demand for lithium-ion batteries is expected to surge due to the growth of electric vehicles (EVs) and renewable energy storage. According to CareEdge Ratings, India’s reliance on imports will decrease to around 20% by FY27 as domestic manufacturing capacities increase. The Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme has allocated 40 GWh of battery production capacity, with additional capacities planned. State government incentives, such as subsidies and exemptions, will also help reduce imports. India’s growing demand for EVs, driven by government schemes, will be the main driver of Li-ion battery storage demand, along with renewable energy storage needs. By FY30, India is expected to have 127 GWh of Li-ion battery demand. To meet this demand, domestic battery manufacturers will focus on local manufacturing, cost competitiveness, and supply chain management, ensuring a secure and reliable source of supply.

Source: https://www.energetica-india.net/news/indias-lithium-ion-battery-import-dependency-to-drop-to-20-percent-by-fy27–report

India is working to reduce its reliance on imported lithium-ion (Li-ion) battery imports, with an goal to decrease dependence from almost 100% to approximately 20% by the end of FY2026-27. This will be achieved through an ambitious push towards renewable energy sources, with a goal of meeting 50% of energy needs from renewable energy by 2030, and growing demand for electric vehicles (EVs). To support this shift, the government has implemented policy measures such as the Fame scheme and Viability Gap Funding for Battery Energy Storage Systems. The decline of Li-ion battery prices will also drive demand. Multiple companies are setting up or have already set up, large-scale integrated Li-ion battery production facilities. China and other countries also, will be a participant through ACC Production Linked Incentive (PLI scheme.

Source: https://economictimes.indiatimes.com/industry/renewables/indias-import-dependence-of-lithium-ion-battery-will-drop-to-20-by-fy27-careedge-ratings/articleshow/115286084.cms?from=mdr

India is urging its domestic players to secure resources from countries with significant reserves of lithium, cobalt, nickel, and other critical minerals to reduce its reliance on imports. The country aims to source 50% of its primary energy from renewable sources by 2030, which requires a significant increase in lithium-ion battery production. Currently, India relies heavily on imports to meet its demand, but it expects to reduce its dependence to around 20% by FY27. To achieve this, the government is promoting the development of integrated battery production facilities through initiatives such as the FAME scheme and Production Linked Incentive for Advanced Chemistry Cell. These efforts aim to promote cost competitiveness and sustainability in the industry.

Source: https://www.devdiscourse.com/article/headlines/3156267-indias-battery-revolution-a-sustainable-shift

IndiGrid, a listed power sector infrastructure investment trust, has announced a partnership with British International Investment (BII) and the Norwegian Climate Investment Fund, managed by Norfund, to launch a new platform called EnerGrid. The platform will focus on developing greenfield transmission and battery energy storage system (BESS) projects in India. The partners have committed to infuse approximately USD 300 million, with each partner contributing around USD 100 million. The platform aims to target projects worth approximately USD 1.2 billion over the next few years. IndiGrid will acquire the projects after commercial operations at a pre-agreed enterprise value. The partnership aims to address India’s growing transmission requirements, with the Central Electricity Authority estimating an additional 170,000 circuit kilometers of transmission lines and 47 GW of BESS capacity needed over the next eight years. The launch of EnerGrid aims to mobilize private capital to accelerate India’s energy transition and achieve its ambitious renewable energy targets.

Source: https://www.etnownews.com/companies/whopping-300-mn-investment-indigrids-big-deal-to-transform-indias-transmission-energy-storage-journey-article-115261092

INOX India Ltd, a cryogenic technology solutions company, has secured a contract with Highview Power to supply five high-pressure cryogenic tanks for the world’s first commercial-scale Liquid Air Energy Storage (LAES) facility at Carrington, Manchester. The facility will have 300 MWh of storage capacity and an output of 50 MW per hour for six hours, making it a significant milestone towards the UK’s transition to cleaner energy sources. This partnership marks INOXCVA’s first foray into LAES and will contribute to the UK’s energy storage capabilities. Highview Power’s CEO stated that the collaboration is crucial for moving the UK closer to Net Zero and that the project will enhance energy security and stability. The LAES facility is expected to be operational by late 2026 and will store excess energy generated from renewable sources during peak production times. The UK’s energy storage sector is expected to expand rapidly, valued at over £1bn, and supported by government incentives and investments targeting Net Zero and energy security goals.

Source: https://www.gasworld.com/story/inox-india-secures-highview-power-contract-for-groundbreaking-uk-energy-storage-project/2146575.article/

INOX India Ltd, a cryogenic technology solutions company, has secured a contract with Highview Power to supply five high-pressure cryogenic tanks for the latter’s upcoming Liquid Air Energy Storage (LAES) facility at Carrington, Manchester. This project marks INOXCVA’s entry into liquid air energy storage and features the largest shop-fabricated cryogenic tanks produced by the company to date. The LAES facility will have a 300 MWh storage capacity and output of 50 MW per hour for six hours, making it the world’s first commercial-scale LAES plant. The project is expected to be operational by late 2026 and will store excess energy generated from renewable sources during peak production times. The contract highlights the importance of energy storage in supporting the UK’s clean energy targets and bolstering grid stability. With a projected value of over £1bn ($1.3bn), the energy storage sector is expected to expand rapidly in the coming years.

Source: https://www.gasworld.com/story/inox-india-secures-highview-power-contract-for-groundbreaking-uk-energy-storage-project/2146575.article/?utm_source%5C%5Cu003dgw%5C%5Cu0026utm_medium%5C%5Cu003drss_feed%5C%5Cu0026utm_campaign%5C%5Cu003drss=

INOX India Ltd (INOXCVA) has secured a major contract with Highview Power, UK, to supply five large cryogenic tanks for its Liquid Air Energy Storage (LAES) project in Carrington, Manchester. This is the largest order ever placed for INOXCVA, a major milestone in its growth and solidifying its presence in the global cryogenic equipment market. The project aims to revolutionize the renewable energy sector by addressing the intermittent nature of renewable sources, ensuring a stable and resilient energy grid. The facility will have the capacity to store 300 MWh of energy and discharge 50 MW for up to six hours. The partnership is a significant step towards achieving Net Zero emissions in the UK. The project will play a critical role in supporting the country’s energy storage capacity, contributing to the broader goal of achieving Net Zero emissions.

Source: https://chemindigest.com/inox-india-ltd-partners-highview-power-for-energy-storage/

According to a report by SBI Capital Markets, the declining cost of energy storage technologies is driving their widespread adoption. India is poised to increase its energy storage capacity 12-fold to 60 GW by 2031-32. Two key technologies, Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSP), are expected to capture virtually 100% of the market. BESS, in particular, is seen as the dominant technology due to its locational flexibility, technological improvements, and rapid response time. However, the report notes that the high concentration of battery cells and components in China makes India vulnerable to imports in times of geopolitical complexity. To address this, the government has introduced a production-linked incentive for advanced cell chemistry. The report highlights the importance of indigenisation and the growing focus on renewable energy, with India aiming to meet half of its energy needs from renewables by 2030.

Source: https://manufacturing.economictimes.indiatimes.com/amp/news/energy/india-to-see-12-fold-increase-in-energy-storage-systems-by-2031-32/115102547

India is striving to achieve 500GW of non-fossil energy capacity by 2030, and sodium-ion batteries (SIBs) are emerging as a promising energy storage alternative. While SIBs have comparable electrochemical properties to lithium-ion batteries (LIBs), they offer greater scalability and lower manufacturing costs. However, developing cost-effective, high-energy-density SIBs poses several challenges, including finding efficient electrode materials and achieving high energy density.
Researchers are exploring novel cathode materials, such as nano-structured polyanionic materials, particularly manganese-based NASICON-type structures, to overcome these challenges. Techniques like nanostructuring, carbon coating, doping, and hybrid material systems are being adopted to enhance performance. Partnerships between industry players, research institutions, and government bodies are crucial for facilitating knowledge sharing, resource pooling, and commercialization of SIBs.
Government policies promoting renewable energy and clean technology are also necessary to support the development and adoption of SIBs. Additionally, advances in analytical techniques and investment in research and development are required to overcome the technical and scientific barriers. The disposal of SIBs also presents environmental challenges, and developing effective recycling methods is crucial for minimizing the environmental impact of battery waste.

Source: https://www.chemistryworld.com/opinion/sodium-ion-batteries-could-deliver-indias-net-zero-ambitions/4020436.article

The Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) is seeking bids for the development of standalone battery energy systems (BESS) with an aggregate storage capacity of 1,000 MWh (500 MW x 2 hours) in Rajasthan. The projects must support two cycles of complete charging and discharging per day and will be developed on a build-own-operate basis at RVUNL’s power generating stations. Successful bidders will enter into a battery energy storage purchase agreement with RVUNL and will be eligible for central financial assistance in the form of viability gap funding (VGF). The VGF amount will be limited to INR 27 lakh/MWh or 30% of the BESS capital cost. The minimum bid size is 250 MWh and each project will require a land allocation of 17,500 sq. meters. The project completion deadline is 18 months from the award of contract, with an option to award additional capacity up to 500 MW/1,000 MWh under a Green Shoe option. The bidding process is open for all interested developers.

Source: https://www.pv-magazine-india.com/2024/11/08/rajasthan-tenders-1-gw-2-gwh-of-standalone-battery-energy-storage-projects/

The Ministry of Mines has completed the fourth tranche of e-auctions for critical and strategic mineral blocks, with 22 blocks auctioned across five states. Eight mineral blocks were successfully auctioned, including those containing graphite and vanadium, essential for energy storage and green technologies. The auction saw strong demand from companies like Hindustan Zinc, Vedanta, and Mamco Mining Private, with premiums ranging from 2.55% to 320%. For the first time, four blocks from the North-East region were auctioned, expanding the country’s mining frontier. The auction process is expected to be completed by December 2024. The government has also unveiled a third tranche of e-auction for critical and strategic minerals, offering seven mineral blocks across five states. The government has identified 30 critical minerals, including lithium, cobalt, and graphite, which are essential for electric vehicles and solar energy development. The Ministry of Mines aims to promote the exploration and production of these strategic minerals to support India’s energy transition.

Source: https://www.mercomindia.com/india-auctions-eight-critical-blocks-in-fourth-tranche

INOX India, a leading provider of customized cryogenic solutions, has announced its first order for a liquid air energy storage (LAES) project. The company will supply five specialized cryogenic tanks to Highview Power’s LAES project in Manchester, UK. The tanks will be manufactured in Gujarat and will be used for the world’s first commercial-scale LAES project, which will have a storage capacity of 300 MWh and an output power of 50 MW per hour for six hours. The project is expected to be operational in late 2026 and will play a key role in the UK’s transition to Net Zero. This order marks a significant milestone for INOX India, showcasing its expertise in large-scale cryogenic equipment and commitment to contributing to the global shift towards cleaner energy sources.

Source: https://money.rediff.com/news/market/inox-india-supplies-cryogenic-tanks-for-uk-laes-project/18190620241107

India’s energy storage sector is expected to grow by 12 times to 60 GW by 2032, driven by the need to maintain grid stability and accommodate a tripling of variable renewable energy (VRE) by the same year. The government is launching initiatives to promote the growth of Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSP). BESS capacity is expected to surge 375-fold to 42 GW, while PSP will grow fourfold to 19 GW by 2032. BESS will dominate due to its quick response capabilities and locational flexibility, while PSP will serve a complementary role for peak shaving. To achieve this growth, the government is providing incentives such as a Production Linked Incentive scheme for advanced cell manufacturing and waiving interstate transmission charges. States like Andhra Pradesh and Maharashtra are expected to lead the PSP expansion. The energy storage sector is set to become a crucial component of India’s renewable energy journey, with an estimated investment opportunity of ₹5 trillion by 2032.

Source: https://energy.economictimes.indiatimes.com/news/renewable/india-to-boost-energy-storage-12-fold-to-60-gw-by-fy32-eyes-5-trillion-investment/115036872

India is experiencing a significant boom in battery storage, with an expected 12-fold growth by FY32, reaching a cumulative installed capacity of around 60 GW. This surge in growth is driven by the country’s push for renewable energy, aimed at reducing its carbon footprint and meeting increasing power demands. The Indian government has set a goal of achieving 40% of its electricity generation from non-fossil fuels by 2030.
To achieve this target, India is investing heavily in solar and wind power, along with energy storage solutions. The government has introduced policies such as the National Clean Energy Fund and the Reserve Bank of India’s (RBI) guidelines to facilitate the adoption of renewable energy. Additionally, state-wise targets have been set for the installation of renewable energy projects, with several states already exceeding their targets.
The battery storage market is expected to benefit from this growth, with energy storage solutions becoming a critical component of the decentralized energy landscape. As a result, companies such as Tata Power, Adani, and Reliance are investing heavily in battery storage, while startups like Zyngo and Bloom Energy are also making waves in the sector. With the country’s focus on renewable energy, India’s battery storage market is expected to experience a significant surge in growth, reaching 60 GW by FY32.

Source: https://news.google.com/rss/articles/CBMi_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?oc=5&hl=en-SG&gl=SG&ceid=SG:en

Iontra Inc., a company specializing in advanced battery charging technologies, has received a $2.15 million grant from ARPA-E’s CIRCULAR program to develop its battery state of health (SOH) sensing technology, called Pathfinder. The technology is designed to extend battery lifespan by providing real-time data on battery health. The grant is part of ARPA-E’s CIRCULAR program, which aims to promote a circular economy model for the U.S. EV battery supply chain. Iontra is partnering with Idaho National Laboratory and Freudenberg Power Systems to develop and test the technology. The goal is to reduce energy costs associated with EV lifespan and achieve an energy cost of $0.02 per kWh. The project aims to improve EV battery management, reduce waste, and increase sustainability in the energy sector. According to Iontra’s CEO, the technology could support the U.S. in becoming more autonomous in the EV battery market. The grant is a critical step towards achieving these goals and promoting a more sustainable energy future.

Source: https://energynews.pro/en/iontra-receives-arpa-e-grant-to-extend-the-life-of-electric-vehicle-batteries/

Union Minister Pralhad Joshi emphasized the importance of increasing the efficiency of solar projects, reducing costs, and developing energy storage solutions at the International Solar Alliance conference. He highlighted the potential of the solar industry to boost economic development, create jobs, and promote entrepreneurship. India has made significant progress in this area, with the Surya Ghar Yojana initiative expected to create 1.7 million direct jobs. Joshi also highlighted the potential for smart technologies, such as IoT and AI, to revolutionize energy management. He noted that new technologies have improved the efficiency of solar panels, with bifacial panels converting 20-25% of sunlight into electricity, up from 15-20%. The Minister also emphasized the importance of energy storage solutions, such as emerging technologies, to ensure a constant solar energy supply and improve grid reliability. He cited India’s success in reducing solar tariffs by 76% under PM Narendra Modi’s leadership, and mentioned that the country is training 3.25 lakh youth in rooftop solar installation and maintenance.

Source: https://www.zeebiz.com/economy-infra/news-pralhad-joshi-calls-for-increasing-solar-projects-efficiency-developing-storage-solutions-324594

The Solar Energy Corp. of India (SECI) has issued a tender for 1.2 GW of round-the-clock (RTC) power from renewable energy projects backed with energy storage systems. The bidding period closes on December 16, 2024. To participate, bidders must design and develop renewable energy projects such as solar, wind, or hybrid systems, accompanied by energy storage systems. SECI will enter into a 25-year power purchase agreement (PPA) with the successful bidders, who will supply power to different Indian buying entities. Developers who have already commissioned or are building existing RE projects or storage projects can participate, with the option to extend the PPA term to match the remaining capacity. The minimum bidding capacity is 50 MW, with a maximum allotment of 600 MW per single bidder.

Source: https://www.pv-magazine-india.com/2024/11/01/seci-launches-1-2-gw-renewables-storage-tender/

SunSource Energy, a subsidiary of SHV Energy, has won the “Solar Power Project of the Year – India” award at the Asian Power Awards 2024 for its innovative 1.7 MW solar project in Lakshadweep. The project features a cutting-edge battery energy storage system and was constructed for the Solar Energy Corporation of India (SECI). The project spans the islands of Kavaratti and Agatti and boasts a combined solar capacity of 1.7 MW and a 1.4 MWh battery storage system. The project is expected to generate commercial savings of approximately INR 250 crore over its technical lifetime and reduce diesel consumption by up to 190 lakh litres, leading to a reduction of 58,000 tonnes of CO2 emissions. The project is a key step towards sustainable energy for the region and showcases SunSource Energy’s commitment to delivering innovative and sustainable solar power solutions. The award honors companies that have taken innovative steps to address the climate crisis and meet the growing demand for energy.

Source: https://www.energetica-india.net/news/sunsource-energy-wins-solar-power-project-of-the-year—india-at-asian-power-awards-2024-

LG Energy Solution (LGES) has announced its third-quarter 2024 financial results, revealing a 39% drop in profit due to a sluggish demand for electric vehicles. However, the company has seen a significant increase in energy storage revenue, particularly in the grid-scale market segment. The company cites expanded sales to major European automakers and increased production at joint venture facilities in North America and Indonesia as contributing to the revenue growth. LGES also expects “strong demand momentum” in the energy storage space and plans to launch a new high-capacity lithium iron phosphate product with improved energy density. The company aims to start ESS battery production in the US next year and consider converting European electric vehicle production lines to ESS production. The goal is to leverage local supply capabilities to generate stable revenue. The announcement comes after the company paused the construction of an energy storage system production line at its Arizona factory, citing market conditions.

Source: https://www.pv-magazine-india.com/2024/10/29/lg-energy-solutions-plans-u-s-battery-manufacturing/

Servotech Power Systems has launched a range of solar solutions, including on-grid microinverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The microinverters, called STMSI-800 and STMSI-1600, feature automatic power point tracking, built-in WiFi, and reverse power transmission technology. The company also launched on-grid solar inverters, hybrid inverters, battery energy storage systems, and solar pump controllers. The STMSI-800 and STMSI-1600 microinverters can be paired with two or four solar panels, respectively, and have built-in WiFi connectivity, allowing users to monitor and control power data on their mobile phone. The company’s new products align with central government schemes like PM Surya Ghar Muft Bijli Yojana and PM-KUSUM Scheme. The new products are suitable for residential, commercial, and industrial applications.

Source: https://www.pv-magazine-india.com/2024/10/28/servotech-launches-solar-inverters-microinverters-and-battery-storage-systems/

Livfast, an energy storage solutions brand under the SAR Group, celebrated its 7th year of partnership with cricket legend MS Dhoni at an event titled “Livfast, Game-On Fast Forward” on October 27, 2024. The event brought together key stakeholders to reflect on achievements and outline future growth strategies. MS Dhoni, a prominent face of Livfast since 2017, shared insights from his career, emphasizing resilience and motivation. The number seven held special significance, symbolizing both Dhoni’s jersey number and the successful partnership with Livfast. The event also featured a presentation by Aparshakti Khurana, who discussed Livfast’s key milestones, product advancements, and future aspirations. Dhoni unveiled the brand’s latest offerings, including expanded inverter portfolios and new solar inverters. The event was attended by Rakesh Malhotra, Founder of SAR Group, who expressed optimism for Livfast’s future and commitment to sustainable energy solutions. The celebration marked Livfast’s 7-year milestone and its commitment to innovative products, paving the way for an exciting future in the industry.

Source: https://solarquarter.com/2024/10/28/sustainable-energy-revolution-livfast-and-ms-dhoni-set-new-standards-in-energy-storage-solutions/

Corporate funding for energy storage companies rose 15% year-over-year in the first nine months of 2024, reaching $17.6 billion. India added 706.5 MW of wind energy capacity in Q3 2024, a 72% increase from Q3 2023. The Asian Development Bank approved a $434.25 million loan to increase renewable energy capacity and improve energy security in Assam. Sunsure Energy commissioned a 49 MW solar project in Uttar Pradesh, which will supply power to commercial and industrial consumers. Convergence Energy Service invited bids to set up electric vehicle charging stations in seven locations in Faridabad, Haryana. Refex Industries partnered with Winvision Enterprises to form a joint venture focused on wind energy solutions. JSW Energy reported a net profit of $101.45 million in Q2 FY 2025, driven by a 14% increase in renewable energy generation. The US Department of Treasury and IRS released final regulations to boost domestic clean energy manufacturing under the Inflation Reduction Act. The solar industry has seen a surge in intellectual property disputes related to TOPCon solar technology, particularly in China, Europe, and the US.

Source: https://www.mercomindia.com/daily-news-wrap-up-corporate-funding-for-energy-storage-up-15-in-9m-2024

Solar energy is increasingly important for combating climate change due to its clean and renewable nature. However, solar power faces the limitation of intermittency, which can be caused by clouds, nighttime, and seasonal changes. To address this, energy systems are essential for improving solar power’s performance and reliability. Energy storage systems, such as lithium-ion batteries, can store excess solar energy generated during peak sunlight hours and release it when solar panels are not producing power. Smart grids and microgrids are also crucial for integrating solar energy into the grid and managing energy flow. Artificial intelligence (AI) is being used for solar forecasting, reducing prediction errors by up to 50%. Hybrid energy systems, which combine solar with other energy sources, can optimize energy production and reduce reliance on fossil fuels. Solar technology innovations, such as bifacial solar panels and perovskite solar cells, are also enhancing performance. To support the growth of solar energy, policies like tax credits and subsidies can help reduce costs and increase adoption. Overall, the future of solar energy looks promising, with energy systems playing a crucial role in making it more reliable and efficient.

Source: https://www.energetica-india.net/articles/the-role-of-energy-systems-in-improving-solar-power-reliability-and-performance

NTPC, in partnership with the Indian Army, is establishing a Solar Hydrogen-based Microgrid project in Chushul, Ladakh, to provide a stable power supply to off-grid Army locations. The project, set to replace traditional diesel generators, aims to integrate renewable energy sources, provide a stable power supply, reduce carbon emissions, and promote a cleaner energy ecosystem. The solar-hydrogen microgrid system is designed to operate independently, using hydrogen as an energy storage medium to supply 200kW of power round-the-clock. The project, once operational, will reduce reliance on fuel logistics and enhance self-sufficiency in remote areas with road connectivity disruptions. Additionally, NTPC is testing a hydrogen bus in Leh and setting up a fueling station, solar plant, and five fuel cell buses for intracity routes. The company is committed to achieving 60GW of renewable energy capacity by 2032 and becoming a major player in green hydrogen technology. This project is a step towards decarbonization of the defense sector and promoting a sustainable energy ecosystem.

Source: https://www.saurenergy.com/solar-energy-news/ladakh-ntpc-indian-army-set-to-build-solar-hydrogen-microgrid-project

India is seeking $70 million in financing from the Climate Investment Funds (CIF) to support the deployment of critical energy storage system (ESS) infrastructure and grid-strengthening projects. The country aims to leverage $1.1 billion in funding from various sources, including the Asian Development Bank, World Bank, and private sector, to achieve its goal of 500 GW of renewable energy capacity by 2030. The proposed initiatives focus on enabling round-the-clock (RTC) supply through grid management and energy storage, infrastructure strengthening, and technical assistance for renewable energy (RE) grid integration. The expected outcomes include increased renewable energy generation capacity, energy storage capacity, and grid infrastructure upgrades, resulting in reduced CO2 emissions and improved electricity reliability and resilience. The CIF Renewable Energy Integration Program aims to address the challenges and opportunities associated with India’s ambitious renewable energy targets, with the government inviting stakeholder comments on the draft plan within two weeks. The global energy investment in 2024 is projected to exceed $3 trillion, with $2 trillion dedicated to clean energy technologies and infrastructure, providing a significant opportunity for India to attract private sector investment and drive growth.

Source: https://www.mercomindia.com/india-seeks-70-million-from-cif-for-energy-storage-and-grid-strengthening

India added 706.5 MW of wind energy capacity in Q3 2024, a 72% year-over-year increase from 411.5 MW in Q3 2023. The increased demand for wind energy by state distribution companies and obligated entities to meet their renewable purchase obligations drove capacity additions. Gujarat led the capacity additions with 356.5 MW, followed by Tamil Nadu with 253.2 MW, Karnataka with 94.8 MW, and Maharashtra with 2.1 MW. JSW Energy and Adani Green Energy commissioned large-scale wind power projects during the quarter. As of September 2024, the cumulative installed wind energy capacity was 47.3 GW, with Gujarat having the highest capacity of 12.2 GW, followed by Tamil Nadu, Karnataka, Maharashtra, and Rajasthan. Andhra Pradesh and Madhya Pradesh also had significant cumulative wind installations. The Government of Tamil Nadu issued a new policy to enhance wind energy production, improve efficiency, and optimize resources. The policy aims to repower, refurbish, and extend the life of existing wind power projects.

Source: https://www.mercomindia.com/indias-wind-energy-installations-rise-72-yoy-in-q3-2024

NTPC Vidyut Vyapar Nigam (NVVN) has announced the winners of its auction to develop a 500 MW/1000 MWh standalone battery energy storage system (BESS) with Viability Gap Funding (VGF) support. IndiGrid 2 won 250 MW at a tariff of ₹236,999 (~$2,819)/MW/month, Kintech won 65 MW at a tariff of ₹237,490 (~$2,825)/MW/month, and H.G. Infra won 185 MW at a tariff of ₹238,000 (~$2,831)/MW/month. The project must be connected to the 765 kV Bhadla-111 PS in Rajasthan or the 400 kV Banaskantha (Radhanesda) PS in Gujarat. The BESS will be used for on-demand charging and discharging. The developers are responsible for setting up and interconnecting the BESS with the ISTS network, and maintaining the system. This is the first phase of the VGF-supported BESS capacity of 4,000 MWh, with future phases to follow. Additionally, NVVN has floated tenders for grid-connected rooftop solar systems and ground-mounted solar photovoltaic projects across India.

Source: https://www.mercomindia.com/nvvn-1-gwh-battery-storage-auction

JSW Group’s subsidiary, JSW Energy, has signed an agreement with the Solar Energy Corporation of India (SECI) to develop a 700 MW solar project in India. The project, expected to be completed by 2024, will be located in Rajasthan, one of the country’s leading solar-rich states. The agreement is a significant milestone in India’s efforts to meet its renewable energy targets and reduce its carbon footprint. The project will be developed by JSW’s subsidiaries, JSW Renew Energy and JSW Solar, and is expected to generate 1,200 million units of electricity per year. The project will also reduce greenhouse gas emissions by approximately 900,000 tons per year, equivalent to taking 200,000 vehicles off the road. The project’s signing marks a major step forward in India’s goal to increase its solar power capacity to 40 GW by 2022 and 60 GW by 2030. The move is also expected to create job opportunities and support local economic growth in the region.

Source: https://news.google.com/rss/articles/CBMi_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?oc=5&hl=en-SG&gl=SG&ceid=SG:en

SERMATEC has installed a 5.1 MW/17.8 MWh energy storage system in Bulgaria to enhance the efficiency of solar power production and balance energy supply and demand on the local grid. The system includes 48 storage units from SERMATEC’s EasyCube series, each with 3.2 V 280 Ah lithium iron phosphate (LFP) batteries, providing a total storage capacity of over 6.5 million kWh per year. The system has a conversion efficiency of 99% and an expected lifespan of over 15 years. The energy management system (EMS) combines photovoltaic production with energy storage, managing stored energy during high demand and low solar production. A cloud platform enables real-time performance monitoring, allowing for efficient and proactive resource management. The system also features a battery management system (BMS) to ensure safety and extend battery life. The deployment will stabilize the Bulgarian power grid, improving reliability and resilience, and support the transition to renewable energy sources. The project reflects SERMATEC’s commitment to delivering advanced technical solutions for energy management and sustainability.

Source: https://energynews.pro/en/sermatec-installs-a-5-1-mw-energy-storage-system-in-bulgaria/

The use of solar energy is transforming healthcare delivery in India, particularly in remote and tribal areas. Several states and institutions, including the government, startups, and philanthropic organizations, are leveraging solar power to boost last-mile deliveries of vaccines, ensuring their quality through on-site storage and transport. This is crucial in areas with weak or erratic grid supplies, where solar power is providing reliable energy security. Solar energy systems are also being installed in community health centers, district hospitals, and primary health centers, enabling uninterrupted power for medical equipment, surgeries, and vaccine storage. Innovative startups, such as Enhanced Innovations, are also developing solar-powered vaccine carriers and cold-chain devices to ensure the safe transport of vaccines. The Kerala government is planning to install solar energy systems at the Thiruvananthapuram Medical College to enhance healthcare services. The use of solar energy is having a significant impact on healthcare delivery, from immunizations to surgeries, and the increasing trend of incorporating energy storage systems with solar is expected to further boost these efforts. Policymakers are being urged to improve financing and operations and maintenance of these projects to enhance the adoption of green energy in healthcare.

Source: https://www.saurenergy.com/solar-energy-news/how-solar-energy-is-transforming-indias-healthcare-delivery

In the past three months, the Indian renewable energy sector has experienced a series of disruptions in Battery-based Energy Storage System (BESS) tenders. This has led to energy storage targets for 2028 being achieved potentially earlier, as early as 2026. The recent price drops in BESS tenders have been primarily driven by the declining cost of lithium cells. This has led to a significant reduction in the cost of BESS solutions, making them more competitive and accessible to a wider range of consumers. As a result, the Indian government’s goal of achieving 40 GW of energy storage capacity by 2028 may be achieved ahead of schedule. The recent developments in the BESS market have also led to increased investment in renewable energy projects, further boosting the growth of the sector. Overall, the decreasing cost of lithium cells has been a game-changer for the Indian renewable energy sector, paving the way for accelerated growth and adoption of energy storage solutions.

Source: https://www.saurenergy.com/tag/trends-in-prices

Gujarat Urja Vikas Nigam Ltd (GUVNL) has issued a request for bid to set up standalone battery energy storage systems (BESS) with a total storage capacity of 1,600 MWh (200 MW x 8 hours). The selected developers will install, operate, and maintain the systems, which will be connected to the state grid, and provide energy storage services to GUVNL on a “on demand” basis. The bids will be accepted in multiples of 50 MW/400 MWh, starting from 400 MWh. The developers will enter into a battery energy storage purchase agreement (BESPA) with GUVNL for one-cycle charging and discharging operation per day. The goal is to provide a reliable and efficient energy storage solution to support the state’s power grid.

Source: https://www.pv-magazine-india.com/2024/10/21/guvnl-launches-200-mw-1600-mwh-battery-storage-tender/

The Indian renewable energy sector is witnessing a mini-disruption, with battery-based energy storage (BESS) prices significantly dropping. This is attributed to falling lithium cell costs, leading to lower storage costs, and a shift from BOOT (Build Own Operate and Transfer) to BOO (Build Own Operate) models. As a result, BESS prices have declined by almost 70% compared to the first SECI tender in 2022. For example, JSW Neo Energy won a bid for 1200MWh BESS project at Rs 3.42 per unit in July 2024, down from Rs 10.84 per unit in 2022. This trend is expected to continue, with prices falling by 15% in the short term. Additionally, the Indian government’s focus on renewable energy storage, which is projected to reach 41,650 MW/208,250 MWh by 2029-30, is also driving the growth of the sector. While there are concerns about the risk of protective tariffs on Chinese imports once domestic capacity ramps up, the overall outlook for BESS in India is promising.

Source: https://www.saurenergy.com/solar-energy-news/sharp-fall-in-bess-tender-bids-signals-faster-energy-storage-additions

Prozeal Green Energy has secured a 25 MW solar PV project in Ladakh, India, which includes a 20 MW/50 MWh battery storage system. The project, funded at ₹3.13 billion, will be located in Taru, Leh, and is expected to enhance renewable energy infrastructure in the region. The project consists of three parts: plant and spare parts (₹2.2 billion), freight, design, civil, and installation services (₹583.2 million), and operation and maintenance (O&M) (₹280.5 million). The tender stipulates the use of solar modules from the Ministry of New and Renewable Energy’s Approved List and crystalline silicon technology produced in Indian manufacturing facilities. The project will address the intermittency of solar energy and improve energy security in the region, making it a major step forward in enhancing renewable energy infrastructure in Ladakh.

Source: https://solarquarter.com/2024/10/18/prozeal-green-energy-secures-seci-tender-for-25-mw-solar-and-battery-storage-project-in-ladakh/

Gujarat-based solar company Prozeal Green Energy has won a contract from the Solar Energy Corporation of India (SECI) to develop a 25 MW (AC) solar PV power plant with a 20 MW/50 MWh battery energy storage system in Leh, Taru. The project is designed to improve energy accessibility and security in the region. The company secured a total bid amount of INR 313.12 crore, broken down into three schedules: plant and spare parts (INR 226.75 crore), freight, design, and installation services (INR 58.32 crore), and operation and maintenance (INR 28.05 crore). The project will use only Approved List of Models and Manufacturers (ALMM) listed modules. The attached battery storage system is expected to help manage solar power fluctuations and ensure reliable and stable energy supply in the region.

Source: https://www.saurenergy.com/solar-energy-news/prozeal-gets-secis-solar-plus-battery-storage-project-in-leh

Rays Power Infra, a solar energy solutions provider, has secured projects worth Rs 940 crore, with 362 MW of solar projects in Rajasthan. This development demonstrates the company’s commitment to supporting India’s renewable energy goals, particularly in the state of Rajasthan, which is a significant hub for solar power generation. The company has also won a 600 KW/3000 KWh flow battery project from NTPC, highlighting the growing importance of energy storage solutions in the renewable sector. Energy storage is crucial for better management and integration of intermittent renewable energy sources into the grid. The company’s MD and CEO, Ketan Mehta, expressed his excitement about securing these projects, which solidify the company’s leadership in the renewable energy space and its commitment to deploying innovative solutions like energy storage to complement solar power.

Source: https://money.rediff.com/news/market/rays-power-infra-secures-rs-940-crore-solar-projects/17293220241018

As the Country Manager of SOFAR in India, Sunil Tiku outlines the company’s strategy for providing superior service and support to customers. The approach is centered around establishing a strong local presence, with a focus on understanding the unique needs of the Indian market. SOFAR’s local presence is built on a partnership approach, fostering strong relationships with clients, partners, and the community. This allows for effective communication, quicker response times, and a deep understanding of local market trends.
Tiku emphasizes the importance of adaptability, agility, and flexibility in response to the ever-changing Indian market landscape. SOFAR’s approach involves continuous monitoring and analysis of market trends, competitor activity, and customer needs. This information is used to refine the company’s solutions and service offerings, ensuring they remain relevant and effective for Indian customers. By combining a local presence with global expertise, SOFAR is well-positioned to deliver superior service and support to customers across India. Tiku concludes that this approach has allowed SOFAR to achieve remarkable growth and success in the Indian market, and he is confident that it will continue to drive the company’s future success.

Source: https://news.google.com/rss/articles/CBMi-wFBVV95cUxQRll6ZkFWT1haeWRMTkFnX19IQ1NCYXo5NkZLNGtaakg1MTE1UnJXYUlfMTZpbjBFa1g4bjF0cnY0cUREYUtBWTBqVG5WY0dZS3EzS05zY0pXX0lndkFpM3RHTi1aV2I1Nk5nVlZING0xS1d0OUs3QzZKZUdIZWNDUFBWbWV6YlN6OFNBNWswVDluREgzeTNWVGFUdWlYMFU3M1A2d2x4SUR2blNKdFI4WllaRkNkeEIxdHc0ZkxvckY0VDFINzhfSGRQWllaNFRNblBhdkN3emp5Q0w1MTRVbW5xaTlObGVqYW15RnZwQ0ROOFBpcWFjQWJ6Yw?oc=5&hl=en-SG&gl=SG&ceid=SG:en

Prozeal Green Energy has won a tender from Solar Energy Corp. of India (SECI) to build a 25 MW AC solar plant with a 20 MW/50 MWh battery energy storage system in Taru, Leh. The project involves design, engineering, supply, construction, and operation and maintenance of the solar plant with battery storage. The total cost of the project is INR 313.13 crore. Other companies, such as Aether Industries Ltd and Roofsol Energy, have also made announcements related to their solar power projects. Aether Industries has operationalized 10 MW of its 15 MW solar power project, while Roofsol Energy has received INR 25.50 crore in funding from high-net-worth individuals to drive its growth and develop its commercial and industrial portfolio.

Source: https://www.pv-magazine-india.com/2024/10/17/prozeal-green-energy-wins-solar-plus-storage-project-in-leh/

Prozeal Green Energy has won a tender from the Solar Energy Corporation of India (SECI) to design, engineer, and construct a 25 MW solar PV project with a 20 MW/50 MWh battery energy storage system (BESS) in Taru, Leh. The project will use solar panels from Indian manufacturers, following the tender’s specifications. The contract value is ₹3.13 billion (approximately $37.2 million), divided into three main components: plant and spare parts (₹2.2 billion), design, civil, and installation services (₹583.2 million), and operation and maintenance (O&M) (₹280.5 million). This project represents a significant advancement in renewable energy infrastructure in the challenging terrain of Ladakh. The battery storage system will help manage solar power intermittency, ensuring a stable energy supply. Prozeal Green Energy has been recognized as a leading provider of solar engineering, procurement, and construction services, and was awarded at the Mercom India Awards in the Best Commercial and Industrial (Ground-Mount) Project category for its 66 MW solar project in Ottapidaram, Tamil Nadu.

Source: https://www.mercomindia.com/prozeal-wins-plus-storage-project-in-ladakh

BatX Energies, a lithium-ion battery recycling and sustainable energy solutions company, has partnered with LW3 Pvt. Ltd., a company specializing in Digital Product Passport (DPP) solutions using blockchain and IoT technologies. The collaboration aims to improve battery lifecycle management by offering a traceable and sustainable solution for energy storage systems. The partnership will utilize LW3’s DPP to track battery history, usage, and material origins from production to end-of-life. This will enhance transparency throughout the recycling process and supply chain, helping to meet global regulations and scale operations. The collaboration will also address the challenge of traceability in cross-border battery scrap movement, particularly for non-OECD countries like India. The partnership aims to improve material accountability, meet compliance requirements, and promote better environmental practices globally. The companies will also explore joint fundraising opportunities to expand battery recycling technologies and create potential investment prospects.

Source: https://www.autocarpro.in/news/batx-energies-partners-with-lw3-for-sustainable-energy-storage-system-ess-solutions–123096

Trina Solar is excited about the advancements in battery and cell technology, particularly lithium iron phosphate (LFP) batteries, which offer superior energy density, longer lifespan, and cost-effectiveness. LFP batteries are increasingly dominating the lithium-ion battery market. In India, the cost of energy storage has declined significantly, with the levelized cost of storage (LCOS) dropping to INR 6-7 per kWh in 2023, down from INR 8-9 per kWh in 2022. This decline in cost makes LFP batteries a viable option for grid stability and reliable power supply.
To foster a culture of innovation, Trina Solar invests in research and development, and its leadership requires vision, adaptability, and a deep understanding of technological advancements and market dynamics. The company’s recognition as a Tier 1 energy storage supplier by Bloomberg New Energy Finance (BNEF) underscores its commitment to excellence. In the Indian market, Trina Solar faces unique challenges, including competition from large manufacturing companies, but addresses these challenges by offering BESS products at rack and pack level, providing customers with a range of options and in-house developed and manufactured cells for quality control and supply chain management.

Source: https://solarquarter.com/2024/10/16/powering-indias-renewable-future-trinasolars-innovations-in-solar-and-energy-storage-dr-leo-zhao-head-of-storage-trinasolar-asia-pacific/

The Central Electricity Authority (CEA) of India has released a National Electricity Plan to achieve a goal of 500 GW of renewable energy capacity by 2030 and 600 GW by 2032. The plan aims to reimagining the country’s energy landscape, with a focus on clean energy, and is a crucial step towards India’s goal of net-zero emissions by 2070. The plan includes a massive expansion of transmission lines, addition of 191,000 km of transmission lines, and 1,270 GVA of transformation capacity over the next decade. The plan also includes the integration of 47 GW of battery energy storage systems and 31 GW of pumped storage plants to address the intermittent nature of renewable energy sources. To achieve this, the plan requires an investment of over 9.15 lakh crore by 2032. The government has emphasized the need for swift action and significant investment in renewable technologies, energy storage solutions, and grid modernization. The plan will help India position itself as a leader in clean energy and support the development of green hydrogen and ammonia manufacturing hubs.

Source: https://knnindia.co.in/news/newsdetails/sectors/india-unveils-national-electricity-plan-for-renewable-energy-capacity

India has set a target of 2,100 GW of electricity capacity by 2047 to meet a projected demand of 708 GW. To achieve this, the Central Electricity Authority has launched a National Electricity Plan (Transmission) that outlines the transmission infrastructure needed to support 500 GW of renewable energy capacity by 2030, increasing to over 600 GW by 2032. The plan also includes elements such as 10 GW of offshore wind, 47 GW of battery storage, and 30 GW of pumped storage, as well as green hydrogen and ammonia production hubs and cross-border interconnections. The plan presents an investment opportunity of over 9 lakh crore rupees in the transmission sector over the next decade. To address grid integration challenges, India is exploring pump storage facilities and battery storage, and investing in renewable technologies, energy storage, and grid modernization to meet demand and reduce power costs for consumers.

Source: https://asian-power.com/news/india-eyes-2100-gw-capacity-meet-soaring-energy-demand

India’s National Electricity Plan aims to achieve 500GW of renewable energy by 2030, in line with its net-zero emissions goal by 2070. The plan includes infrastructure development, green initiatives, and a significant investment of over ₹9.15 lakh crore by 2032. The plan aims to make India a global leader in clean energy by 2047 and support its net-zero emissions goal. It focuses on research, skill development, and advanced transmission technologies to make the country’s energy landscape more sustainable. The plan also promotes green hydrogen and ammonia manufacturing hubs and aims to increase transmission capacity and integrate battery storage systems and pumped storage plants to handle the intermittent nature of renewable energy sources. The plan requires a significant investment, but it is expected to bring in economic benefits and support the country’s transition to a sustainable energy mix.

Source: https://www.newsbytesapp.com/news/science/india-s-national-electricity-plan-500gw-of-renewable-power-by-2030/story

JSW Energy’s subsidiary, JSW Energy PSP, has signed an agreement with Maharashtra State Electricity Distribution Company (MSEDCL) to supply 1,500 MW/12,000 MWh of power from pumped hydro storage projects over a 40-year period. The agreement includes a fixed capacity charge of ₹8.47 million per MW annually. The Bhavali Pumped Hydro Project, located in Nashik and Thane districts, will have an 8-hour discharge capacity and a maximum continuous discharge of 5 hours. The project is expected to be completed within 48 months and will provide over 15 GWh of energy storage capacity. This deal reinforces JSW Energy’s commitment to sustainable and reliable power. The company’s secured energy storage capacity currently stands at 16.2 GWh, with plans to reach 40 GWh by 2030. MSEDCL has also issued a letter of intent to procure 1,500 MW/12,000 MWh of energy storage capacity from Torrent Power’s pumped hydro storage project in Raigad, Maharashtra. These projects are expected to be operational by 2028 and provide a significant boost to India’s energy storage capacity.

Source: https://www.mercomindia.com/jsw-energy-energy-storage-msedcl

India’s power demand is expected to increase to 708 gigawatts by 2047, requiring a quadrupling of current capacity to 2,100 gigawatts, according to Union Power Minister Manohar Lal. To meet this demand, the country needs to transform its energy landscape by leveraging renewable energy sources. The government has set an ambitious target of 500 GW of non-fossil energy capacity by 2030, which is expected to contribute to reducing carbon emissions by one billion tonnes by 2030 and achieving net-zero emissions by 2070.
To achieve this goal, the National Electricity Plan outlines investments in advanced technologies such as offshore wind farms, battery energy storage, and pumped storage plants. The government has also launched a plan to secure ₹9 lakh crore in investments for the transmission sector.
The plan emphasizes the need for a sixfold increase in storage capacity to meet the future demands of a clean and energy-efficient power grid. The Ministry of Power is working to create a collaborative approach with industry stakeholders to achieve the vision of a world-class Indian power sector by 2047. The country’s goal is to position itself as a global leader in clean energy and power innovation as it celebrates its centenary of independence in 2047.

Source: https://energy.economictimes.indiatimes.com/news/power/indias-power-demand-to-hit-708-gw-by-2047-plans-2100-gw-capacity-with-500-gw-renewables/114218183

Solis has launched a range of hybrid and grid-tied inverters for residential, commercial, and utility-scale solar panel systems. The high-power hybrid inverters come in three power ratings: 8kW, 15kW, and 50kW, offering robust energy storage solutions for both residential and commercial use. These inverters can store excess energy generated by solar panels and provide it back to the grid when needed, increasing energy savings and reducing reliance on the grid. Additionally, Solis has introduced four grid-tied inverter models, suitable for residential, commercial, and utility-scale applications, including 3kW, 5kW, 150kW, and 350kW options. These grid-tied inverters are designed to maximize energy efficiency and minimize energy losses, making them ideal for homes, businesses, and large power generation facilities. With its expanded inverter range, Solis provides a comprehensive solution for solar panel system integrators and installers, enabling them to deliver robust and efficient energy solutions to their customers.

Source: https://www.pv-magazine-india.com/?p%5C%5Cu003d87646

The UK government has launched a cap-and-floor support program to encourage the development of new long-duration energy storage infrastructure, aiming to support the growing renewable energy sector. The program will guarantee a minimum income for developers while capping potential earnings, with a target of developing 20 GW of storage capacity by 2050. The program will support technologies such as pumped-storage hydroelectric plants, liquid air energy storage, compressed air energy storage, and flow batteries. The UK currently has four pumped-storage power stations with a total capacity of 2.8 GW, but these facilities were built decades ago. The program is designed to attract investors and ensure the storage of excess renewable energy, enhancing energy security and protecting consumers against price fluctuations. The program will have two routes: one for mature technologies and another for innovation projects, allowing for support of both proven solutions and new ideas, contributing to the UK’s decarbonization goal by 2030.

Source: https://energynews.pro/en/the-united-kingdom-launches-a-support-program-for-long-duration-energy-storage/

JSW Energy’s step-down subsidiary, JSW Energy PSP Two, has signed an Energy Storage Facility Agreement (ESFA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The agreement is for a 40-year period, during which the company will receive a fixed capacity charge of Rs 84.66 lakhs per MW per annum. The Bhavali Pumped Hydro Project will be located in the Nashik and Thane districts of Maharashtra and will have an 8-hour discharge capacity with a maximum of 5 hours of continuous discharge. The project is expected to be commissioned within 48 months. This agreement is a significant step forward in the development of renewable energy in India, and it will help to reduce the country’s carbon footprint while ensuring a reliable and stable power supply.

Source: https://www.business-standard.com/markets/capital-market-news/jsw-energy-signs-energy-storage-facility-agreement-with-msedcl-124101100921_1.html

JSW Energy’s PSP Two has signed a 40-year agreement with Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) to provide 1.5 GW/12 GWh of pumped hydro energy storage capacity. The project, located in the Nashik and Thane districts of Maharashtra, will have an 8-hour discharge capacity and is expected to be commissioned in 48 months. The project is expected to generate direct employment for 3,000 people and develop local infrastructure, including roads, irrigation, and sanitation systems. Additionally, educational facilities will be developed as part of the company’s Corporate Environmental Responsibility (CER) initiatives. This deal aligns with India’s National Electricity Plan, which aims to have 27 GW of pumped hydro storage capacity by FY2032 and 47 GW/236 GWh of battery energy storage by FY2032. JSW Energy targets 40 GWh of energy storage capacity by 2030 and has already locked in 16.2 GWh of capacity, including 14.4 GWh of pumped hydro storage and 1.8 GWh of battery energy storage.

Source: https://www.pv-magazine-india.com/2024/10/12/jsw-energy-signs-agreement-for-supply-of-1-5-gw-12-gwh-pumped-hydro-storage-capacity/

SJVN, a state-owned Indian PSU, has allocated 1.2 GW of renewable energy with storage capacity at an average price of $0.051/kWh in its second tender. Four winners quoted the lowest tariff of INR 4.25/kWh, including Juniper Green (200 MW), ReNew (150 MW), Ganeka Solar/Zelestra (140 MW), and Hero Future Energies (120 MW). The remaining 590 MW was awarded to Avaada at INR 4.26/kWh. The successful bidders will setup renewable energy projects with energy storage systems to provide firm, dispatchable power. The projects will be developed on a build-own-operate basis and connected to the interstate transmission system. SJVN will sign 25-year power purchase agreements with the winners. The projects can be located anywhere in India. This tender aims to promote the development of renewable energy projects with energy storage systems to supply dispatchable power.

Source: https://www.pv-magazine.com/2024/10/10/india-allocates-1-2-gw-of-renewables-plus-storage-at-average-of-0-051-kwh/

The 17th Renewable Energy India (REI) Expo & The Battery Show India 2024 was held at the India Expo Centre in Greater Noida. The event saw over 800 exhibitors and 50,000 attendees, including policymakers, industry leaders, and technical experts. GoodWe made a notable impact at the event, showcasing their top-notch inverter series, energy storage solutions, and residential, commercial, and industrial grid-tied inverters. With a bigger team and expanded distributor network, GoodWe’s presence at the event was more significant than ever. The team engaged with customers, sharing valuable conversations, and built partnerships to drive innovation. The booth also featured an interactive VR cricket game and a lucky draw that attracted over 500 participants, with winners receiving an EMotorad bike. The event was successful, opening up new opportunities for GoodWe and strengthening their vision for the future. The company remains committed to promoting renewable energy and sustainability, moving towards a greener future.

Source: https://solarquarter.com/2024/10/10/goodwe-celebrates-another-successful-year-at-the-renewable-energy-india-expo-battery-show-2024/

The article discusses the potential of pumped hydro energy storage (PHES) for the global energy sector. With over 90% of the world’s electricity storage coming from PHES, the technology has shown significant promise. When paired with batteries, hybrid systems offer both low capital costs and high energy storage. The author argues that the need for large-scale storage is essential as the grid becomes increasingly reliant on renewable energy sources like solar and wind power.
PHES has many advantages, including low operating costs and high efficiency. The Global Pumped Hydro Energy Storage Atlas lists over 820,000 sites with combined energy storage capacity of 86 million GWh, exceeding the world’s needs. The Atlas highlights premium PHES sites with remarkably low capital costs, which could reduce energy storage costs. Examples include the Snowy 2.0 project in Australia, with an expected capital cost of US$23 per kWh. The author concludes that the solution to energy storage is not only solved but has many excellent options around the world.

Source: https://www.pv-magazine-india.com/2024/10/10/energy-storage-is-a-solved-problem/

Torrent Power’s shares surged 9% to a fresh 52-week high of Rs 1,983.70 on the BSE after the company announced that it has signed two letters of award (LoA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,000 Megawatt (MW) Energy Storage Capacity. The contracts are for 40 years and will see MSEDCL procure energy storage capacity from Torrent Power’s upcoming InSTS connected pumped hydro storage plant in Maharashtra. The company will provide MSEDCL with 2,000 MW of capacity for scheduled 8-hour daily discharges. Torrent Power plans to install 5-8 GW of Pumped Storage Project (PSP) capacity across several states, with an investment of Rs 25,000 to Rs 35,000 crore. The company’s shares have given multibagger returns of 169% and nearly 107% on a year-to-date basis.

Source: https://economictimes.indiatimes.com/markets/stocks/news/torrent-power-shares-zoom-9-on-securing-2000-mw-energy-storage-contracts-from-msedcl/articleshow/114069225.cms?from=mdr