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Electricity Market

Tesla & Local Partners to Build Storage Facility in Japan

US auto major Tesla is partnering with Japanese companies to build an energy storage facility using its rechargeable battery in Hokkaido in northern Japan to help stabilise the power system. Tesla will collaborate with Japanese power retailer and aggregator Global Engineering and engineering firm Ene-Vision to build the energy storage facility connected to the grid […]

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AEMO Plans 5 Energy Scenarios for Net Zero Latest by 2050

The Australian Energy Market Operator (AEMO) has published its “2021 Inputs, Assumptions and Scenarios Report” (IASR) incorporating five future energy scenarios which will inform AEMO’s 2022 Integrated System Plan (ISP). One of these scenarios, Hydrogen Superpower, comprises a zero emissions grid by 2035. The five scenarios are Slow Change, Steady Progress, Net Zero 2050, Step Change, […]

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Denmark Leads in Share of RE Production, India Yet To Break Into Top 15

Wind and solar produced 2,435 TWh of electricity in 2020, providing almost a tenth of the world’s electricity. While European countries like Denmark, Ireland, and Germany are leading among the world’s top 15 producers, India is not part of his group. Even though India’s renewable energy capacity is being added to each year, with the […]

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NSW Govt Gives Go-ahead to 400 MW Solar-Battery Plant in Australia

UPC/AC Renewables Australia has announced that the New South Wales government has granted its approval to the development plans for the 400-MW Stubbo Solar Farm and Battery project in the Orana region of the Australian state. UPC\AC Renewables is a joint venture of UPC Renewables Australia Pty Ltd and AC Energy, part of the Ayala Corp […]

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AfDB Grants $6 M to Initiate ‘Desert to Power’ Program in Africa

‘Desert to Power West Africa Regional Energy Program’, an initiative led by the African Development Bank Group (AfDB), will be injected with a $6 million grant to launch its initial phase, as per the bank’s board of directors’ recent approval. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by […]

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IEX Trades 7093 MU in June’21 with 48% YoY Growth

The Indian Energy Exchange (IEX) traded 7093 MU of electricity volume in June’21 recording 48% YoY growth. According to the power demand data published by the National Load Dispatch Center, the national peak demand saw a 16% YoY increase, with the highest ever peak demand at 191.51 GW, while energy consumption at 115 BU grew […]

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Eneco and Giga Storage Partner to Produce Netherlands’ Largest Battery

Rotterdam-headquartered energy utility Eneco and battery provider Giga Storage have kicked off the realization of the largest battery in the Netherlands — Giga Buffalo, which will have a capacity of 24 MW/ 48 MWh. The companies say that Giga Buffalo will make it possible to balance supply and demand of electricity with the help of […]

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India Needs 4 Lakh Charging Stations for 20 Lakh EVs by 2026

According to a new report by Grant Thornton Bharat-Ficci, India needs around four lakh charging stations for 20 lakh electric vehicles (EVs) by the year 2026. The report that came on Sunday said that to achieve its target of 100 percent electric mobility by 2030, India needs to focus on key points, including increasing government […]

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World’s 1st Solar-Hydro Plant for Longer Duration Energy Storage: ARENA

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct its first of a kind ‘solar hydro’ power plant comprising 4 MW of solar PV generation and 3 MW / 50 MWh (17 hours) of dispatchable storage capacity […]

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