As the nation eagerly awaits the 2024 Union Budget, insights from industry luminaries shed light on diverse expectations spanning crucial sectors. From renewable energy incentives and logistics advancements to considerations for electric vehicles, battery storage, carbon credit markets, and supply chain resilience, these pre-budget perspectives offer a comprehensive outlook. Industry experts share their recommendations, outlining a roadmap for a balanced and sustainable fiscal strategy…
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Category: Energy Storage
TotalEnergies acquires German battery storage developer, Kyon Energy
Leading multi-energy producer and marketer, TotalEnergies announced it has acquired Kyon Energy, a leading battery energy storage developer in Germany.The latest acquisition is in line with TotalEnergies’ plan of developing itself into an integrated power player in Germany. Additionally, the move will support a rapid expansion of renewable energy in the German power grid, provide flexibility, and help solve congestion-related problems.”I would like to welcome the Kyon Energy teams to…
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ACME, IHI Corporation Partner for Green Ammonia Supply from India to Japan
ACME Group, a renewable energy company, and IHI Corporation, a Japan-based integrated heavy industry group, have inked an offtake term sheet for the supply of green ammonia from India to Japan. The agreement is aimed at contributing to India’s National Green Hydrogen Mission (NGHM) and Japan’s net-zero commitment. The green ammonia supply will originate from ACME’s 1.2 million metric tons per annum (MMTPA) green ammonia project situated in Gopalpur, Odisha. ACME will supply 0.4 MMTPA…
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Source: https://www.mercomindia.com/acme-ihi-corporation-partner-from-india-to-japan
Union Budget 2024: Wishlist of India’s Renewable Energy Industry – Asia Pacific
‘ALMM should be implemented immediately and the project implementation time should also be shortened’Ashwani Sehgal, President, India Solar Manufacturers Association (ISMA) & Managing Director of Alpex Solar Ltd. The forthcoming budget represents a pivotal opportunity for the Government of India to solidify its commitment to sustainable energy and the growth of indigenous solar manufacturing. ISMA believes that the government should avoid policy oscillations and provide a stable…
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Source: https://www.energetica-india.net/news/union-budget-2024-wishlist-of-indias-renewable-energy-industry
TotalEnergies Acquires German Battery Storage Developer ‘Kyon Energy’ – Europe
The consideration consists of a €90 million upfront payment, plus some earn out payments linked to the achievement of development targets.
January 24, 2024. By News Bureau
TotalEnergies has signed an agreement to acquire from its three founders the entire share capital of Kyon Energy, one of the developers of battery storage systems in the country. The consideration consists of a €90 million upfront payment, plus some earn out payments linked to the achievement of development…
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IESA Annual Summit On India’s Battery Manufacturing Ecosystem
Hyderabad, Jan 23 (KNN) The India Energy Storage Alliance (IESA) inaugurated its third annual India Battery Manufacturing and Supply Chain Summit (IBMSCS) in Hyderabad today.
This two-day event aims to stimulate discussions on domestic battery manufacturing capabilities and foster the development of a comprehensive ecosystem for Indian giga factories.
The main objective of the summit is to articulate a comprehensive roadmap for the growth of the energy sector. This roadmap…
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India could easily surpass 150GWh ACC battery manufacturing target
India Energy Storage Alliance (IESA) on Tuesday kicked off its third annual battery manufacturing and supply chain convention in Hyderabad city on Tuesday (Jan. 23) to deliberate on India’s battery manufacturing capability and explore ways to support the development of a robust battery supply chain ecosystem in the country.With over 300+ registered participants, Day 1 of India Battery Manufacturing and Supply Chain Summit (IBMSCS) 2024 witnessed Telangana state officials and…
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IESA hosts 2-day summit in Hyd on battery mfg & supply chain
Hyderabad: India Energy Storage Alliance (IESA) on Tuesday commenced its third annual India Battery Manufacturing and Supply Chain Summit (IBMSCS), in Hyderabad. At the two-day event key industry stakeholders are holding discussions on indigenous battery manufacturing in India.The summit aimed to chart a roadmap for the growth of the sector including battery production and supply chain dynamics, technology advancements, policy frameworks, sustainability practices and circular economy. Over…
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Largest US solar-storage project goes online – pv magazine India
A new 875 MW solar project in California features nearly 2 million solar panels and offers more than 3 GWh of energy storage. January 23, 2024 Ryan KennedyFrom pv magazine USATerra-Gen and Mortenson have announced the activation of the Edwards & Sanborn Solar + Energy Storage project, the largest solar-plus-storage project in the United States. Mortenson served as engineering, procurement, and construction contractor for the project. The project is a true renewable energy behemoth,…
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Source: https://www.pv-magazine-india.com/2024/01/23/largest-us-solar-storage-project-goes-online/
Ipower Batteries Pvt Ltd becomes the first Indian company to launch Graphene series lead-acid batteries in the country
New Delhi, 22nd January, 2024:- Ipower Batteries Pvt Ltd, has a new feather to its cap by being the first Indian company to successfully launch Graphene series lead-acid batteries. It makes the company the first in the country to achieve this feat for lead-acid technology.The company has claimed its new battery variants have been tested by ICAT for AIS0156 and have been awarded the Type Approval Certificate (TAC) for their innovative Graphene series lead-acid technology.Elated over the…
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Source: https://www.theweek.in/wire-updates/business/2024/01/22/dcm59-ipower-batteries.amp.html