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China's CNIC ponders buying into India's Greenko - report

By : Sustainability ..., Apr 1, 2020

China’s CNIC Corp is mulling over the possibility of buying a 10% interest in Indian renewable energy company Greenko Group, Bloomberg reports, citing informed people. One of the sources told the news agency that Greenko has been looking for a long-term investor in order to...

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Vw Plans To Tap Electric Car Batteries To Compete With Power Firms

By : Sustainability ..., Mar 13, 2020

Volkswagen's expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday. Electric car batteries could be used to...

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ABB Completes Divestment of Solar Inverter Business To FIMER SpA

By : Sustainability ..., Mar 3, 2020

ABB has completed its divestment of its solar inverter business to the Italian company FIMER SpA. The transaction enables ABB's Electrification business to improve the focus of its business portfolio on priority growth markets and enhance business opportunities for the solar...

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Energy storage market to touch $546 billion by 2035, predicts Lux Research

By : Sustainability ..., Feb 27, 2020

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Lux Research estimates that the three main drivers of energy storage – mobility applications, electronic devices, and stationary...

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Energy Storage Industry Seeks Relief in Sitharaman’s Budget 2020

By : Sustainability ..., Jan 20, 2020

Powered by expectations of favourable Budget from the Finance Minister Nirmala Sitharaman on February 1, the energy storage industry body India Energy Storage Alliance (IESA) has provided its recommendations for the upcoming Union Budget 2020. From Sitharaman’s second Union...

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Government in the process of finalizing new energy policy: NITI Aayog Additional Secretary

By : Sustainability ..., Nov 28, 2019

Government thinktank NITI Aayog‘s additional secretary (Energy) R.P. Gupta has informed that the Indian government is in the process of finalizing an energy policy for the country. “The new policy will address the issues of accessibility and affordability, energy security,...

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India to build 30 gigawatts of renewable plants along western border

By : Sustainability ..., Oct 18, 2019

India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan...

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India Steps Up Efforts To Develop Cost-Effective Clean Energy Storage Capacities

By : Sustainability ..., Sep 18, 2019

India is fast moving towards its target of installing 175 GW of renewable energy by 2022, but its benefit can be reaped only through cost-effective storage capacities. The Centre has, therefore, stepped up efforts to find solutions which can be scalable and reach the common...

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Mumbai-born researcher invents alternative to Li-ion batteries

By : Sustainability ..., Sep 9, 2019

Mumbai-born scientist Dr Gautam Yadav has invented a new high-voltage, energy-dense rechargeable manganese dioxide (MnO2) zinc|(Zn) battery, which could be an alternative to Li-ion batteries that have dominated the energy storage landscape for decades. “High voltages in Li-...

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IOC to invest Rs 2 trn in 5-7 yrs, develop a new energy storage technology

By : Sustainability ..., Aug 29, 2019

State-run Indian Oil Corporation (IOC) will invest Rs 2 trillion over the next five to seven years, the company’s chairman told shareholders on Wednesday. The company is also at an advanced stage of developing a new energy storage technology. “Indian Oil has planned a Rs 2...

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