Latest Battery Energy Storage News India Aug'21

28 September, 2021

Latest Battery Energy Storage News from India

  1. 13 GWh battery storage tender : India will call bids for the largest global tender for a 13 gigawatt-hours (GWh) grid-scale battery storage system in Ladakh in what would be a major leap in the country’s efforts to transition towards green energy.
  2. Round-the-clock (RTC) renewable power: ReNew Power will invest close to $1.2 billion in development of a 1.3 Gw of hybrid renewable energy (RE) project, which will provide round-the-clock (RTC) renewable power supply, a first for the country. The company won the project in May 2020 in a tender issued by central agency Solar Energy Corporation of India (SECI) by quoting a tariff of Rs 2.9 per unit.
  3. Amara Raja Batteries plans to invest about USD one billion in the next five to seven years towards capex to be spent for both organic and inorganic growth, a senior official of the company said on Monday.
  4. Dendrite-free zinc-iron redox flow battery: Researchers from the P.G. and Research Department of Chemistry at Christ College in Kerala, India, have claimed to have developed a dendrite-free zinc-iron redox flow battery. The paper, titled A Dendrite Free Zn-Fe Hybrid Redox Flow Battery for Renewable Energy Storage”, was published in the Energy Storage journal.
  5. 800 GW storage in India: The National Renewable Energy Laboratory (NREL) has published a report, “Energy Storage in South Asia: Understanding the Role of Grid-Connected Energy Storage in South Asia’s Power Sector Transformation.” According to report, capacity of storage technologies in India reaches between 180 GW and 800 GW, representing between 10% and 25% of total installed power capacity by 2050. The energy capacity of storage reaches between 750 GWh and 4,900 GWh by 2050.
  6. Battrixx announced its association with WardWizard Innovations and Mobility and said it has received its single largest order to supply 8000 battery packs for Joy E-Bike (electric two-wheelers) produced by WardWizard.
  7. Exide Industries: The country’s largest lead acid battery maker, Exide Industries Ltd, on Tuesday said it is evaluating foray into manufacturing Advance Cell Chemistry batteries, commonly referred to as lithium-ion batteries.
  8. Giga Battery factory in Chennai: Leading automotive electrical components manufacturer Lucas TVS and 24M Technologies, developer of next generation lithium-ion battery technologies, announced the signing of a license and services agreement to construct one of the first giga factories in India using 24M’s SemiSolidTM platform technology. The first plant will be set up in Thervoy Kandigai, Gummudipundi near Chennai
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches