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Power Minister Interaction With Stakeholders On Draft Policy For Energy Storage Systems

In an important discussion on January 25, the Union Minister of Power and New and Renewable Energy, R.K. Singh interacted with Renewable Energy developers, industry and various government representatives to discuss the elements of the draft Policy on Energy Storage system. The policy aims at the creation of technology-agnostic large storage systems across the value […]

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The Sodium Ion Batteries Behind Reliance’s $135 million Purchase of Faradion

When Reliance announced the outright purchase of UK based Faradion Limited on the last day of 2021, it was widely seen as one more brick in the renewable edifice that Reliance has committed itself to. The Faradion investment was the 6th major investment by the firm into technologies or competency in the renewable space. But […]

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Himachal Pradesh to Add 10GW RE Capacity by 2030: New Energy Policy

With the approval of new energy policy by state cabinet on Friday, Himachal Pradesh has set the target of producing 10,000 MW additional green energy. Various provisions have also been made in the new energy policy to achieve the target of harnessing and commissioning 10,000 MW of hydro energy by 2030 to have an operational […]

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Green Tech Firm Hydrostor Bags $250 M Invt from Goldman Sachs

Canadian long-duration energy storage solution provider Hydrostor has secured a financing commitment of US$250 million from Goldman Sachs Asset Management’s private equity and sustainable investing businesses, an official statement said. The investment proceeds will be used to support the development and construction of Hydrostor’s 1.1GW, 8.7GWh of Advanced Compressed Air Energy Storage (A-CAES) projects in […]

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Oil India to Install 100 kW Green Hydrogen Facility in Assam

Oil India Ltd is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam, the nation’s second-largest state-owned oil explorer said in a statement. “To strengthen its bouquet of clean energy offerings”, the company has initiated action for setting up a 100 kW green hydrogen plant at its Pump station-3 in […]

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Reliance Buys Sodium Ion Battery Firm, Faradion Limited in £100 Million Deal

In a regulatory filing on December 30, Reliance Industries Limited has announced that its solar subsidiary, Reliance New Energy Solar Limited (RNESL), will buy UK based sodium ion battery technology provider Faradion Ltd for 100 million pounds including debt. Sodium Ion batteries have been considered a solid prospect for lower storage costs. Or as Faradion’s […]

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Ola Electric to Have 4,000 EV Charging Points in 2022, says CEO

As part of its ambitious charging infrastructure goal, Ola Electric will install more than 4,000 charging points for its electric scooters across Indian cities next year, the company recently informed its customers. In a tweet, Bhavish Aggarwal, Founder and CEO, Ola, said that Hypercharger roll out has begun across cities. “At key BPCL pumps as well […]

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Octopus Energy, Sterlite Power Sign MOU For Green Power Systems

UK based  1.2 billion pound sterling energy group Octopus Energy Group, which has over 3 million customers in the UK has entered into an MOU with leading Indian power transmission player Sterlite Power. The agreement aims to help decarbonise Indian industry and bring cheaper green power to consumers around the world. The Memorandum of Understanding […]

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Tata Power Gets LOA For 300 MW Hybrid Project from MSEDCL

TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up of 300 MW hybrid power capacity. This project has been awarded through Tariff-based competitive bidding followed by e-Reverse auction. TP had won the bid along with Azure […]

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