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Electricity Market

Indian Oil Corporation to Build Country’s First Green hydrogen Plant

India’s largest oil firm, Indian Oil Corporation Limited (IOC) has announced plansto build the first-ever commercial green hydrogen plant at its Mathura refinery in Uttar Pradesh.  IOC has taken this step intending to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the […]

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Devise Alternate Ways to Repurpose Fossil Fuels, Argues IDTechEx

UK-headquartered IDTechEx, an independent market research and business intelligence provider, has advocated for devising novel ways to repurpose fossil fuel assets, as against simply resorting to obvious solutions like converting gasoline stations into  EV charging stations. The latter trend has of late become popular among oil majors, which are looking to capitalise on the rapid […]

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L-Charge’s 1st Mobile EV Charger Starts Patrolling Moscow’s Streets

Russian engineering firm L-Charge has announced that its first mobile EV charger has started to patrol Moscow city streets to provide on-demand charging service to electric vehicles. It can be summoned via an app to any location in Moscow and takes just 8 minutes to charge an electric car to a range of 100 km, a world record, said the […]

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India Planning Bids for 4 GWh of Grid-Scale Battery Storage System

In an attempt to make the country’s electricity green, the Indian government is planning to invite bids for setting up around 4 GWh (4000 MWh) of grid-scale battery storage system at regional load dispatch centres (RLDCs), according to an announcement made by the Minister of Power and New and Renewable Energy, Raj Kumar Singh. The Union […]

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Siemens to Build 100 MW Battery Storage Facility in Germany

Technology company Siemens Smart Infrastructure has signed a letter of intent with Zukunftsenergie Nordostbayern GmbH  for the turnkey construction of a 100 MW battery storage facility in Wunsiedel, Germany. The plant, with a storage capacity of 200 megawatt hours, is intended to use surplus renewable energy and cover demand peaks in the power grid. The 5,000 square […]

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Stagnation in RE Subsidies, Financial Support Needed: IISD-CEEW Report

India’s quest to achieve its goals for “Aatmanirbhar Bharat” and a clean energy transition, part of the economic recovery from COVID-19, is missing a key ingredient: adequate financial support for renewable energy. This is the conclusion reached upon by a new report released by the International Institute for Sustainable Development (IISD) and the Council on […]

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Microsoft Commits to New Climate Goals: 100/100/0 by 2030

Tech giant Microsoft has announced new goals: by 2030, the company will have 100% of its electricity consumption, 100% of the time, matched by zero carbon energy purchases. The new commitment expands the scope of Microsoft’s existing aims to execute power purchase agreements equivalent to 100% of its energy needs by 2025. “At Microsoft we […]

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Enel Green Acquires 3.2 GW Solar Portfolio in the United States

Renewable energy company Enel Green Power North America has acquired a 3.2 GW portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian. The 24 development-stage projects, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned […]

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