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Energy Major Equinor Buys 45% Stake in UK Battery Maker Noriker Power

Equinor has signed an agreement with Noriker Power Limited, a battery storage developer in the United Kingdom focusing on the engineering and project development of utility scale storage and stability services. The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire the full company at a later stage. In […]

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220MWh Japanese Power Transfer Vessel’s Prototype to be Ready 2025

Japanese startup PowerX has entered into a capital and business alliance with shipbuilder Imabari Shipbuilding to jointly develop the first prototype of its “power transfer vessel” — Power ARK — by the end of 2025, said a recent official statement. Imabari Shipbuilding has also invested 1 billion yen (US$8.86 million) in PowerX through this capital […]

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Common Wind Turbine Can Provide Fundamental Grid Stability: NREL

US National Renewable Energy Laboratory (NREL) and its partner General Electric (GE) have operated a common class of wind turbines in grid-forming mode, which is when the generator can set grid voltage and frequency and, if necessary, operate without power from the electric grid. The demonstration showed that the popular type-3 turbine technology can supply fundamental […]

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Sungrow Launches Ultra Powerful Inverter- SG350HX

Sungrow has launched its new star inverter, Sungrow’s star inverter, the SG350HX. The ultra strong string inverter achieves a max. power of 352kW, perfectly matching 182mm/210mm PV modules and leading to a higher DC/AC ratio. The inverter is considered the best solution from the firm to power the latest round of projects awarded under Malaysia […]

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Enel To Start Selling Electricity Directly To Consumers In Australia

Giving a boost to its plans on offering its unique “green-tailer” product in Australia, Italian energy major Enel Group has secured an energy retail license from the Australian Energy Regulator (AER). As a part of its offering, Enel combines renewables from virtual power plants to EV charging options for its customers. The entry of Enel […]

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India’s Journey Towards Clean Energy Transition in 2022: Stepped Approach

By Vishnu Sudarsan, J Sagar Associates Decarbonize, digitise and decantrise is the new mantra for India’s energy transition roadmap. PM Modi’s Paris pledge has given a shot in the arm for the country’s transition plan towards clean energy and to achieve the goal of greening the economy. It provides certainty and visibility to a clean […]

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Li-ion Battery Pack Prices to Fall Below $100/kWh by 2024: BNEF

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, finds a new report from BloombergNEF (BNEF). This is a 6% drop from $140/kWh in 2020. By 2024, average pack prices should be below $100/kWh, predicts the report. BNEF’s 2021 Battery Price Survey explains […]

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A Space to Watch Out for: EV’s Impact Rests on the Way it is Marketed!

The EV segment is poised to follow a high growth curve in the India market. A positive investment outlook and aggressive marketing strategies are expected to shape the Indian EV growth story over the next three years. Some Highlights: “Projections by the India Energy Storage Alliance (IESA) estimate that the Indian EV market will grow […]

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