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Energy Storage leaders calls for policy measures for Atmanirbhar Bharat this World Energy Storage Day

Clockwise from upper-left Dr. Rahul Walawalkar, President, IESA, Mr. Anshul Gupta, Director, Okaya Power Group, Mr. Vijayanand Samudrala, CEO, Amara Raja Batteries Ltd., Mr. Anant Nahata, Managing Director EXICOM, Mr. Anil Srivastava, Principal Consultant and Mission Director of National Mission on Transformative Mobility and Battery Storage in NITI Aayog ● The India Energy Storage Alliance (IESA) emphasized upon the importance of policy incentives, business leadership, skilled workforce, and inter-industry collaboration to make India Atmanirbhar in the energy storage space● Urged policymakers and business leaders to take bold steps towards building the local capacity for energy storage● The event featured 75+...

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Greenko and NTPC Team Up to Develop Pumped Hydro Energy Storage Projects in India

The partnership will help expand NTPC’s portfolio in various segments of bundled renewable energy NTPC Limited announced that its wholly-owned subsidiary NTPC Vidhyut Vihar Nigam Limited (NVVN) signed a Memorandum of Understanding (MoU) with Greenko Energies Private Limited to explore opportunities to supply round-the-clock (RTC) renewable energy. The partnership would meet the evolving requirements of DISCOMs and other power consumers in India in real-time. Pumped hydro storage (PHS) projects are used to pump water into uphill reservoirs from lower elevations to generate power through water turbines from the force of water flowing back downhill. PHS projects can be used to supply round-the-clock renewable...

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India’s 1st Lithium-Sulfur battery tech introduced for EVs: 3x energy storage capacity & cost-effective

According to the World Economic Forum, a circular battery value chain is a major driver to meet the Paris Agreement, as batteries could enable 30% of the required reductions in carbon emissions in the transport, power sectors. Shiv Nadar University, research-focused university and an Institution of Eminence (IoE), today introduced Lithium-Sulfur (Li-S) battery technology. The research aims to assist in the production of more cost-effective, safer, more energy-efficient, and environment-friendly Li-S batteries, as a viable alternative to Lithium-ion batteries. The Li-S battery technology employs principles of Green Chemistry, incorporating the usage of by-products from the petroleum industry (Sulfur), agro-waste elements...

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Azelio signs MoU with Atria Power for 65MW energy storage in India

Swedish energy storage company Azelio and India’s Atria Power have signed a Memorandum of Understanding (MoU) to collaborate on installing over 65MW capacity of Azelio’s energy storage until 2025 in India. The agreement is Azelio’s first in India, which is seen as a market with the potential for renewable energy solutions in off-grid areas. Atria Power intends to use Azelio’s technology for storing energy to deliver both electricity and heat. By combining Azelio’s energy storage units with cooling and water desalination technologies, Atria will offer zero emission electricity, potable water, and cooling for rural villages and communities in India. Azelio’s...

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Energy storage investment to approach $10bn in 2025

Analyst IHS Markit has predicted storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite Covid-19 with state-level policies set to keep the US the global capital for the next five years. With battery storage in particular blooming across the U.S. in recent weeks, analyst IHS Markit – which was among the doom-mongers as recently as a coronavirus-ravaged March – has now joined the chorus of voices predicting the technology which is so critical to the adoption of intermittent renewable energy has finally turned the corner. The London-based forecaster has predicted storage deployment will hit 15.1...

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Azelio to deploy over 65 MW of energy storage in India

September 3 (Renewables Now) - Sweden's Azelio AB (FRA:4AZ) plans to install more than 65 MW of energy storage systems in India until 2025 in cooperation with local renewable energy producer Atria Power. The two companies have entered into a memorandum of understanding (MoU) to outline the terms of the collaboration, which marks Azelio’s first operation in the country. The pair will start with small-scale commercial installations of 100 kW in 2021 and proceed with larger projects with an expected total of 12 MW in 2023, 18 MW in 2024 and 35 MW in 2025. The cooperation with Azelio will...

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India driving electric mobility, energy storage sector growth: Experts

The Government of India is encouraging investments in the manufacturing of batteries and Niti Ayog is exploring to incentivise the production per kW. Hyderabad: India will be moving fast with various favourable policies and schemes to implement efficient energy storage and electric mobility in the country, point out experts. Niti Aayog is working on inviting investments for cell manufacturing and is proposing direct incentives. Indian industry needs to be sure that the shift will provide them with tremendous growth opportunities, said Anil Srivastava, mission director, Mobility, Niti Aayog, at the E-Business Summit on Integration of Energy Storage and Mobility organised by...

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BHEL wins TERI order for battery energy storage systems

The state-owned engineering firm will supply and set up a cumulative 410 kWh of battery energy storage systems in Delhi under UI-ASSIST (US-India Collaborative for Smart Distribution System with Storage) initiative of TERI. State-owned engineering firm Bharat Heavy Electricals Limited (BHEL) has announced it has won its first commercial order for state-of-the-art battery energy storage systems from The Energy and Resource Institute (TERI).  “The company has signed a contract agreement with TERI for setting up of a cumulative 410 kWh battery energy storage systems (BESS) in the National Capital Territory (NCT) of Delhi,” BHEL said in a press release. “BHEL offered 410...

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Greenko to invest around $1 billion in new battery storage business

Plan includes manufacturing lithium ion batteries in India for power grid and electric vehicles New Delhi: Greenko Energy Holdings aims to invest around $1 billion in a new battery storage business that also includes a plan to produce lithium-ion batteries in India for power grid-scale applications and electric vehicles (EV), said a person aware of the development. The fresh capital for renewables 3.0 investment will be deployed by the Hyderabad-based company to acquire and develop lithium-ion battery technology, and for its manufacturing and application playbook. This comes against the backdrop of the single-largest foreign clean energy investment announcement in India made...

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Rashtriya Chemicals and Fertilizers starts methanol plant in Mumbai

Has the capacity to produce 242 tonne of methanol per day The Rashtriya Chemicals and Fertilizers (RCF) a PSU under the Ministry of Chemicals and Fertilisers, has started its methanol plant at Trombay unit in Mumbai, Maharashtra. RCF has the capacity to produce 242 tonne of methanol per day. Till now, RCF has been importing methanol for its internal consumption and also for trading purposes. With methanol production of its own, RCF will no longer be dependent on imports for its own requirement and fulfill the requirement of other methanol dependent industries.Methanol is widely being used in the production of...

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