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Renewables in APAC to be Cheaper Than Coal by 2030, Led by India

A new report shows that most markets in the Asia Pacific (APAC) region can expect to see a cheaper levelised cost of electricity (LCOE) for renewables compared to coal by 2030. With India and Australia expected to lead the charge. The latest report by Wood Mackenzie tails that across the region, new investments in renewables […]

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TEXEL Signs an Agreement with ASU to Move new Battery Tech Towards Commercialisation

The battery technology development company, TEXEL Energy Storage (TEXEL), and Arizona State University (ASU) have signed a cooperation agreement with the purpose to bring a new battery technology towards commercialization in the United States. The new battery technology that is originally developed by Savannah River National laboratory (SRNL), is potentially much more cost effective than Lithium-Ion batteries in […]

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EU can be Self Sufficient in EV Battery Cells by 2025: VP Šefčovič

Maroš Šefčovič, VP of the European Commission has claimed that he expects that by 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry Europe now a global hotspot for #battery investment, showing we can achieve open strategic autonomy. In large part thanks to the #EUBatteryAlliance. […]

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Exide Increase Stake in Li-ion Battery JV With Leclanche to 80.15%

Battery maker Exide Industries has increased its stake in its JV with Swiss firm Leclanche to 80.15 percent with a further investment of Rs 33.17 crore Battery maker Exide Industries has announced that it has increased its stake in its joint venture (JV) with Swiss firm Leclanche to 80.15 percent with a further investment of Rs 33.17 crore by way of […]

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Biotech Major Biocon Takes 26% Stake in Hinduja Renewables Two

Bengaluru-based biotechnology major Biocon has entered into an agreement for the acquisition of a 26 percent equity stake in Hinduja Renewables Two. Bengaluru-based biotechnology major Biocon has announced that it has entered into an agreement on November 21, 2020, for the acquisition of a 26 percent equity stake on a fully diluted basis in Hinduja […]

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Sonnen Introduces the sonnenCore, a new all-in-one, affordable home battery for every home

The first-of-its-kind, all-in-one sonnen home battery solution makes the company’s proven, long-lasting and safe home battery technology even more accessible to all energy storage customers. sonnen, a global market leader in smart residential energy storage and virtual power plants, today announced the launch of sonnenCore. The new compact, affordable, and fully sonnen-designed sonnenCore home battery […]

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Karnataka Will Look to Collaborate With the UK on RE Front: Yediyurappa

Karnataka CM BS Yediyurappa has said that the state will be very interested in engaging with the UK on renewable energy (RE) technology front. Karnataka Chief Minister BS Yediyurappa has said that the state will be very interested in engaging with the United Kingdom (UK) on the renewable energy (RE) technology and implementation front. During […]

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Association of Power Producers Request Financial Support From Finance Minister

The Association of Power Producers recently wrote to the Minister of Finance highlighting the concerns of power debtors and extended litigations that have been egging the power sector The Association of Power Producers (APP) recently wrote to Minister of Finance, Nirmala Sitharaman, highlighting the concerns of power debtors and extended litigations that have been egging […]

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Australia’s Leanings Towards Battery Storage Over New Transmission

It is no secret that power distribution firms worldwide are considering energy storage options in a big way to augment or even defer investments in transmission system updates. Part of the reason is the higher share of intermittent renewable energy, but another is simply the variable nature of power demand, where a network can be […]

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