Latest Battery Energy Storage News in India June'21

14 July, 2021

Latest Battery Energy Storage News from around India

  1. 1 GWh grid scale Energy Storage: NTPC has invited expression of interest (EOI) for setting up 1000 MWh of grid-scale battery energy storage system (BESS) at its power plants in India. The tender is completely open, allowing domestic, global or firms in a consortium to bid for the opportunity. Earlier in the month, NTPC invited bids to install a 4 MW ground-mounted solar project with a 1 MW/1 MWh battery energy storage system (BESS) at the NTPC Energy Technology Research Alliance (NETRA) facility in Greater Noida.
  2. 1GWh Li battery factory: LNJ Bhilwara has formed a joint venture with Pune-based Replus Engitech to create lithium battery solutions for 1 GWh capacity operational in Pune by mid-2022 and eventually scale it to 5 GWh by 2024.
  3. Govt. PLI Scheme: Adani Group, Tata Chemicals, Larsen and Toubro Ltd (L&T), and a joint venture led by Japan’s Suzuki Motor Corp. have shown interest in making lithium-ion cell manufacturing plants in India under the scheme.
  4. Storage X: ReNewPower announced a collaboration agreement with the Precourt Institute for Energy at Stanford University and its StorageX Initiative, which is an academic-industry-government initiative that aims to solve the most pressing real-world challenges in battery storage.
  5. 0.4 million charging stations: According to Grant Thornton Bharat-Ficci report, India needs about 0.4 million charging stations to meet the requirement for 2 million Electric Vehicles (EV) by 2026.
  6. PLI Scheme for ACC batteries update: Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity under the national programme on ACC battery storage through a transparent mechanism. Also, the beneficiary firm will have to commit to set up a minimum of five GWh (Gigawatt hours) of ACCs manufacturing facility.
  7. Battery Storage for ancillary services: Central Electricity Regulatory Commission has drafted ancillary services market regulations allowing for energy storage and demand response resources to participate. The commission has recognised that energy storage and demand response, which are digitally controllable and dispatchable energy and power resources, can respond rapidly and accurately to the need to maintain grid frequency within close boundaries of the 50Hz.

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