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IL&FS Tie-up With Ecamion To Explore Energy Storage Business

IL&FS and Ecamion will explore entering the energy storage business, with an eye on the electric vehicle opportunity Infrastructure Leasing and Financial Services (IL&FS) Ltd has joined hands with Canadian clean technology company Ecamion Inc. to explore entering the energy storage business, with an eye on the electric vehicle opportunity, said a senior ILF&S official. […]

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IESA commemorates World Energy Storage Day by organizing policy roundtable

The objective of this forum is to have a dialogue between thought leaders from industry and the policy makers to identify policy priorities that can help drive adoption of energy storage in India and make India a global hub for manufacturing of advanced energy storage technologies by 2020 said IESA. To commemorate on the 1st […]

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Energy Storage Market to Touch 70 GW by 2022

The total energy storage market between 2015 and 2022 in India is expected to go up from 4.4 GW to 70 GW. Out of 70 GW, over 35 GW of demand is expected from newer applications. The market for energy storage in the South Asia region is dominated by India. Energy storage helps in the […]

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India Aspiring For Global Leadership in Climate Action: Anand Mahindra

Heavy investment in solar and wind has helped drive down costs of electricity to a point where, in many places, renewable sources can generate electricity more cheaply than conventional sources such as coal. India is aspiring for a global leadership in climate action and has set an “ambitious” goal of receiving 40 per cent of […]

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NTPC to expand its target of setting up 10 GW of solar capacity: Report

NTPC Ltd. is reportedly expanding its solar energy target and slowing down development of coal-based plants. According to Bloomberg, NTPC will expand its target of setting up 10 GW solar capacity. Chairman Gurdeep Singh speaking to publication said that NTPC will also support building 15GW of solar capacity by buying power from producers and selling […]

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Infineon acquires Wolfspeed for USD 850 million

Infineon Technologies has entered into a definitive agreement to acquire the Wolfspeed Power and RF division (“Wolfspeed”) of Cree for USD 850 million. The deal also includes the related SiC wafer substrate business for power and RF power. This acquisition will enable Infineon to provide broadest offering in compound semiconductors, it will also reinforce the […]

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Gridlock Ahead? Transformer Shortage and the Renewable Energy Challenge

Transformers play a vital role in energy distribution systems by converting high-voltage electricity from transmission lines into low-voltage electricity for consumer use. Thus any supply disruptions in the supply of this essential component, coupled with resultant rising prices in the global transformer market, can significantly affecting utilities. Over the past three years, this situation has […]

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Govt Brings Draft Rule To Lower Tariffs For EV Users

The latest draft rule made by the Ministry of Heavy Industry (MHI) has proposed new benefits under the PM-Drive scheme. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme aims to boost electric mobility in the country with a special focus on electric buses and other electric vehicle segments. Currently, the EV […]

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Andhra Pradesh EV Policy Boosts Private Investment In EV Manufacturing

To transform Andhra Pradesh into an electric vehicle (EV) manufacturing hub, the state recently announced its Andhra Pradesh Sustainable Electric Mobility Policy (2024-29). This policy will be in effect for the next five years, promoting quality infrastructure through private investments, fostering urban mobility growth, and reducing transport-sector emissions to achieve carbon neutrality by 2047. The […]

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