Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Battery storage systems are critical to effectively integrate increasing solar and wind energy into the grid, given the intermittent nature of renewable energy sources. Energy storage is the ideal solution ...
Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

The demand for round-the-clock power from renewables is on the rise. Given the intermittent nature of renewable energy sources, the time is ripe for India to create an enabling environment ...
Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Rajasthan Renewable Energy Corporation Limited (RRECL) has granted an extension until November 24, 2021, to complete the ...
/ / Other, Renewable Energy
BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

Bharat Heavy Electricals (BHEL) has invited bids to select partners to set up a gigawatt-scale advanced chemistry cell battery storage facility through a special purpose vehicle (SPV) under the Government ...
Daily News Wrap-Up General Motors’ Sites to be Fully Powered by Renewable Energy by 2025

Daily News Wrap-Up: General Motors’ Sites to be Fully Powered by Renewable Energy by 2025

Here are some noteworthy cleantech announcements of the day from around the world: General Motors announced that it plans to source 100% renewable energy to power its sites in the ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Delhi Metro Earns ₹195 Million from 3.55 Million Carbon Credits

Daily News Wrap-Up: Delhi Metro Earns ₹195 Million from 3.55 Million Carbon Credits

Here are some noteworthy cleantech announcements of the day from around the world: The Delhi Metro has earned ₹195 million (~$2.64 million) from selling 3.55 million carbon credits collected from ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Here are some noteworthy cleantech announcements of the day from around the world: Bloomberg Philanthropies and Goldman Sachs launched the Climate Innovation Fund to support sustainable low-carbon economic development in ...
/ / Other, Renewable Energy
An Energy Storage Technology That Could Reduce Charging Time to Minutes

An Energy Storage Technology That Could Reduce Charging Time to Minutes

Researchers from Tulane University developed an energy storage technology that could reduce charging time to a matter of minutes compared to lithium-ion batteries.  The study was funded by the Department ...
/ / Energy Storage, Technology
Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Researchers at the National Renewable Energy Laboratory (NREL) are in the advanced stages of prototype testing a new thermal energy storage technology— Economic Long-Duration Electricity Storage by Using Low-Cost Thermal ...
/ / Energy Storage, Technology
Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Automotive electrical components manufacturer Lucas TVS and U.S.-based 24M Technologies plan to set up a ₹25 billion (~$342.33 million) gigafactory near Chennai to manufacture innovative and disruptive lithium-ion (Li-ion) battery ...
/ / Energy Storage, Large Scale
Gravity-Based Storage Company Energy Vault Raises $100 Million

Gravity-Based Storage Company Energy Vault Raises $100 Million

Gravity-based grid-scale energy storage solutions provider, Energy Vault, has announced that it raised $100 million in Series C funding. Existing investors including Prime Movers Lab, SoftBank Vision Fund, Saudi Aramco ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Construction Cost for Onshore Wind Generation in the US Down by 27%

Daily News Wrap-Up: Construction Cost for Onshore Wind Generation in the US Down by 27%

Here are some noteworthy cleantech announcements of the day from around the world: The U.S. Energy Information Administration's latest construction cost data revealed that the average construction cost for onshore ...
/ / Other, Renewable Energy
India’s Energy Storage Capacity Could Reach 800 GW by 2050 NREL

India’s Energy Storage Capacity Could Reach 800 GW by 2050: NREL

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.” The report ...
Daily News Wrap-Up ADB and IIFL Home Finance To Promote Green Housing in India

Daily News Wrap-Up: ADB and IIFL Home Finance to Promote Green Housing in India

Here are some noteworthy cleantech announcements of the day from around the world: Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) inked an agreement for a $1 million ...
/ / Other, Renewable Energy
Indian Researchers Develop a Dendrite-Free Zinc-Iron Redox-Flow Battery

Indian Researchers Develop a Dendrite-Free Zinc-Iron Redox-Flow Battery

The widespread deployment of renewable energies such as wind and solar has increased the demand for energy storage. Redox-flow batteries are scalable energy-storage devices that are one of the most ...
/ / Energy Storage, Technology
Researchers Claim a New Material Can Lower Production Cost of Lithium Batteries

Researchers Claim a New Material Can Lower Production Cost of Lithium Batteries

Researchers from the University of Science and Technology of China (USTC) claimed to have developed a new material, lithium zirconium chloride (LZC), which could help lower solid-state lithium batteries' production ...
Daily News Wrap-Up:  Tata Steel to Deploy Electric Vehicles for its Steel Transport

Daily News Wrap-Up: Tata Steel to Deploy Electric Vehicles for its Steel Transport

Here are some noteworthy cleantech announcements of the day from around the world: Tata Steel has joined hands with an Indian start-up to deploy electric vehicles (EVs) for its steel ...
/ / Other, Renewable Energy
Bill Gates Launches Breakthrough Energy Catalyst to Boost Cleantech Funding & Innovation

Bill Gates Launches Breakthrough Energy Catalyst to Boost Cleantech Funding & Innovation

The co-founder of Microsoft Corporation and the billionaire philanthropist Bill Gates has teamed up with a group of philanthropists, companies, and governments to launch a new climate financing program - ...
/ / Finance and M&A, Other
The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on a build-own-operate (BOO) basis. SECI will enter into an agreement with the successful bidders selected based on the request for selection (RfS) for 25 years as per the terms, conditions, and provisions of the RfS. As this is only a notice announcing the tender, no details about the projects to be developed are available yet. The detailed tender document is likely to be made available on August 31, 2021. This is the largest tender announced for energy storage in India. Most other energy storage tenders were in combination with renewable energy sources, while this is for a standalone energy storage system. Last month, NTPC Limited invited expression of interest from Indian and global companies to set up 1,000 MWh of grid-connected battery energy storage systems (BESS) on the premises of its power projects across India. Interested applicants would be invited to undertake projects at single or multiple NTPC stations to set up facilities and scalable models for further additional requirements. According to Mercom’s India Solar Tender Tracker, SECI has issued 373 MW of solar tenders for projects with BESS as of December 2020. In December 2020, SECI floated a tender for a 20 MW solar project with a 50 MWh battery energy storage system. The project will be set up in Phyang, located in Leh district of the union territory of Ladakh. Mercom had earlier reported that SECI issued amendments to the tender document for 100 MW (AC) of solar power projects along with a 50 MW/150 MWh battery storage system. The project is slated to be developed at Rajnandgaon in Chhattisgarh. As per the amendments issued by SECI, the annual capacity utilization factor (CUF) guarantee has been removed. In the previous version, it was mentioned that if the contractor failed to achieve the annual guaranteed CUF (36.5%) at the end of the tenth year, then the contractor was liable to pay a compensation amount equal to the net present value of the revenue loss for 10th to 25th year. If the CUF was less than the guaranteed CUF, the contractor had to compensate as liquidated damages, equivalent to the remuneration of the equivalent energy, subject to a maximum of 100% of the total annual operation maintenance cost.

SECI Floats Tender for 2,000 MWh of Standalone Energy Storage Systems

The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on ...
Daily News Wrap-Up: Volt Energy to Supply Microsoft with 250 MW of Solar Power

Daily News Wrap-Up: Volt Energy to Supply Microsoft with 250 MW of Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: Vancouver-headquartered Volt Energy has announced its first environmental justice and renewable energy initiative with Microsoft. Under the ...
/ / Other, Renewable Energy
Effectively Using Industrial Waste For Energy Storage In Batteries

Effectively Using Industrial Waste for Energy Storage in Batteries

A team of researchers from the Centre for Nano and Soft Matter Sciences (CeNS) have stressed that industrial waste would increasingly form the base for energy storage in batteries in ...
Daily News Wrap-Up: Clean Energy Projects Along Highways Proposed in the US

Daily News Wrap-Up: Clean Energy Projects Along Highways Proposed in the US

Here are some noteworthy cleantech announcements of the day from around the world: U.S. Senator Jon Ossoff has announced legislation to boost clean energy initiatives under the Sustainable Highways Innovation ...
Cost-Effective Catalysts for Metal-Air Battery

Cost-Effective Catalysts for Metal-Air Battery

International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), an autonomous research and development (R&D) centre of the Department of Science and Technology (DST), under the Government of ...
Daily News Wrap-Up Ashok Leyland’s UK Arm Acquires EV Company Switch Mobility

Daily News Wrap-Up: Ashok Leyland’s UK Arm Acquires EV Company Switch Mobility

Here are some noteworthy cleantech announcements of the day from around the world: In a BSE disclosure, Ashok Leyland has announced that Switch Mobility Limited, UK – subsidiary of the ...
Dalhousie University’s Advanced EV Battery Research Gets Grant from Tesla and NSERC

Dalhousie University’s Advanced EV Battery Research Gets Grant from Tesla and NSERC

A team of researchers from the Dalhousie University, based at Halifax in Nova Scotia, Canada, received a grant of $2.9 million in funding from the Natural Sciences and Engineering Research Council (NSERC) ...
/ / Electric Vehicles, Grid