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renewable energy

Energy Vault and Enervest Partner for 1 GWh Battery Energy Storage Project in Australia

Energy Vault Holdings Inc., a provider of sustainable grid-scale energy storage solutions, has announced a strategic agreement with Enervest Group for the development of a 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. The companies are in the final stages of development and grid application approvals []

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IEA Flags Supply Side Risks For Global Energy Security

The global energy landscape, as detailed in the World Energy Outlook 2024, highlights the challenges and opportunities of transitioning to a clean energy future amidst growing geopolitical risks and economic uncertainties. With events like the conflicts in the Middle East and Russias war in Ukraine, the global energy markets fragility is apparent, influencing both traditional []

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How Solar Energy Is Transforming Indias Healthcare Delivery?

The Community Health Center (CHC) in Joshimath, Uttarakhand, is the only government health facility in this small hilly town and serves as the largest healthcare center for many nearby villages. Joshimath is also known as the gateway to the pilgrimage site Badrinath. This small government healthcare facility attends to the medical needs of both tourists []

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Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie

Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. []

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Achieving Universal Energy Access by 2030: Can It Be Done?

Universal energy access is not just a development goal. Its a fundamental requirement for socio-economic growth and improved quality of life. Despite global efforts, millions of people, particularly in sub-Saharan Africa and South Asia, still lack access to electricity and clean cooking solutions. The World Energy Outlook 2024 examines these challenges and explores pathways to []

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Sharp Fall In BESS Tender Bids Signals Faster Energy Storage Additions In India

In the past three months multiple BESS (Battery-based Energy Storage system) tender results have pointed to yet another mini-disruption in the fast-evolving Indian renewable energy sector. Energy storage targets for 2028 might be a lot closer in 2026 itself. The price drops have been attributed primarily to falling lithium cell costs, which have led to []

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SolaX Power Announces 149.8mn USD Investment On Energy Storage

Global energy solutions company SolaX Power has now unveiled a 149.8 million USD investment to establish research and manufacturing facility in the Zhejiang Province of China. This project will focus on utility-scale energy storage and integrated smart energy systems. The company said that the move is likely to aid in the global energy transition towards clean []

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JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio

JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the []

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Prozeal Gets SECIs Solar Plus Battery Energy Storage Project In Leh

The Solar Energy Corporation of India (SECI) allotted Gujarat-based solar company Prozeal Green Energy a solar plus battery energy storage project at Leh. SECI, earlier had issued a tender for selection of project developers for a 25 MW (AC) Solar PV Power Plant (50 MWp) with a 20 MW/50 MWh battery energy storage system at []

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