ELECTRICAL STORAGE
Sectors linked to electrical, green energy, and railways may see a disproportionate increase in business: Vinayak Chatterjee
“There is a consensus, officially, that India's aspirational target is 8% GCFI, gross capital formation, and infrastructure, as a percentage of GDP, so that is my starting point. If in this budget year, you are going to try and reach that aspirational target of 8% GCFI, you need to spend Rs 13.5 lakh crore,” says Vinayak Chatterjee
"Low cost, high performance": Bhavish Aggarwal calls his EV battery 'Bharat Cell' a gamechanger for India
Ola-founder Bhavish Aggarwal announced that the company has developed a cutting-edge lithium cell battery called the "Bharat cell." This battery is currently in an advanced stage of trials and has the potential to revolutionize the Indian electric mobility ecosystem. "This is the 5G of lithium cells, if I can say, it in a very simple way. This is the cutting-edge technology that we have made in India. Globally, only a few companies have this technology capability," Bhavish Aggarwal said during a podcast session.
Will consumer durables & EMS stocks see another round of re-rating? 7 stocks with an upside potential of up to 24%
There are talks of the budget being focussed on two things, one giving continued push to investment and second to increase the disposable income in the hands of people. The second could be done by cutting taxes or making changes with the tax slab. While many sectors will feel the impact but one of the sectors which may feel maximum impact is the consumer durable sector. Now given the fact that the consumer durable sector has a closed link with the EMS companies, they both have to be looked at together. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Matter Group raises USD 35 mn from US-based Helena, others
Matter Group secures a significant USD 35 million Series B funding led by Helena, with plans to deliver advanced AERA electric motorbikes in India to address global climate challenges.
BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system
BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
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How to maximise your electric vehicle's battery lifespan: Tips and tricks
Maximizing the lifespan of EV batteries is crucial for cost-effectiveness and environmental sustainability. Essential tips include avoiding deep discharges, regular use, and proper charging practices.
Gensol Engineering bags another BESS project from GUVNL
Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.
India set to see biggest jump in coal-fired power in a decade
India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.
Haryana man builds wooden electric Bullet motorcycle. Video goes viral
The bike, crafted from a blend of wood and electric components, not only operates smoothly but also replicates the beloved 'dug dug' exhaust sound of a traditional Bullet motorcycle. The creator elaborates on the bike's features in the video, highlighting the wooden tank that houses a stereo system controlling the sound emitted from speakers inside a wooden exhaust pipe.
India Energy Storage Alliance to bring 'white paper' on sustainable future including renewables
India Energy Storage Alliance to release white paper at IESW 2024 addressing EV, cleantech, green hydrogen, and battery storage challenges, aiming to make India a global cleantech hub.
Gensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project
The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.
Kolkata Metro to get battery power for moving stranded train
Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.
JSW Energy begins construction as part of its foray into battery storage services
JSW Energy has started construction on a Battery Energy Storage Project (BESS) to enter the energy storage services business, enabling the storage and release of renewable energy. They were awarded a 1.0 GWh battery storage project by SECI, with commissioning expected by June 2025. The company is also developing green hydrogen and steel projects, aiming to achieve 20 GW generation capacity and 40 GWh energy storage capacity by 2030.
Data storage cos in a sweat over need to stay cool
Data centers in western and northern India are facing rising operational costs due to soaring temperatures. Firms like Yotta and CtrlS are using alternative cooling methods and renewable energy, while ESDS reports a 10-12% rise in power costs due to erratic grid supply. Several of these data centres are located in New Delhi, Haryana, Noida.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Green energy to drive power sector investment, coal to remain significant: Moody's
India’s power sector investments will be driven by renewable energy and transmission projects which will require an investment of $340-385 billion to meet the government's target and associated incremental transmission and storage system, Moody’s Ratings said on Thursday.
Overheating electricity: How India can address supply shortages and renewable energy challenges
With temperatures soaring to record levels across India, the Government of India has taken steps to address the impending surge in electricity demand by instructing idling power plants to increase operations. This move comes as a response to the high demand for electricity not translating into adequate purchases by utilities, leading to shortages in power supply.
Why there is an urgent need for data centres to go green
Data centres are significant consumers of electricity, using approximately 2% of the world’s power and emitting CO2 that is equivalent to the airline industry, a high carbon intensive business.
10 Best Racks and Shelves for Kitchens Under 500
Organizing the kitchen is a lot easier than you must have imagined. All you have to do is get a rack or a shelf that has enough space to keep all your staple food items like coffee, tea, spices, ghee along other kitchen essentials. Here is a well-curated list of 10 best racks and shelves under 500 that will help you save space on the countertop.
10 Best Storage Boxes for An Upgraded Kitchen Organization
It is high time that you get rid of cheap quality containers and invest in a set of storage boxes that are made of food-grade and BPA-free materials. The airtight lids of these boxes prevent moisture from coming in contact with food and keep it fresh for a long period. They also help keep your staples, snacks, and leftover food organized, resulting in greater aesthetic appeal. In today’s article, we have curated a list of the 10 best storage boxes that will not only ease your task of keeping food items organized but will also maintain high levels of hygiene.
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant load factor of thermal power plants will improve to reach closer to 70% in FY25. This is due to higher power demand, domestic coal production ramp-up, slower capacity additions, and dependence on coal-based generation until sufficient storage capacity is built up for the energy transition towards renewables.
IIT Guwahati develops high-performance materials for supercapacitors
IIT Guwahati researchers led by Prof. Uday Narayan Maiti developed materials improving supercapacitor performance, published in 'Small'. The study introduces novel methods to tackle challenges, offering promise for energy storage applications in various industries.
Giant batteries are transforming the way the U.S. uses electricity
Power companies across the US are using large batteries, similar in size to shipping containers, to tackle the main drawback of renewable energy: the inconsistency of wind and solar availability.
IPCL, E2S to develop Thermal Energy Storage System for efficient storage, transmission
India Power Corporation Ltd and E2S Power develop a 250Kwh TESS for efficient energy storage, aiding in integrating renewable energy and supporting India's net zero emission targets. The technology ensures flexibility in thermal power operations, aligns with Make in India, and targets South East Asia.
DERC grants regulatory approval to Battery Energy Storage System with GEAPP's support
The project aims to provide 24/7 power to more than 12,000 low-income consumers.
Why energy storage is key to global renewable goals
G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. The G7 said Tuesday it would not only support more production and use of battery storage, but promote technological advancements in the sector as well as grid infrastructure. cho/giv/np/tw
Govt pushing ACC battery storage scheme, budget hiked 6x in last few years: Official
The budget allocation for the advanced chemistry cell (ACC) sector has increased sixfold in recent years, indicating the government's commitment to enhancing the country's energy storage capabilities. The National Programme on Advanced Chemistry Cell (ACC) battery storage, approved by the Union Cabinet in May 2021 with a budget of Rs 18,100 crore, aims to bolster the electric mobility and battery storage ecosystem in India.
Omega Seiki partners with Attero for lithium-ion battery recycling
Omega Seiki Private Ltd (OSPL) has signed an agreement with Attero for recycling lithium-ion batteries. OSPL and Attero plan to recycle over 100MWh of batteries in the next 3-4 years. The strategic alliance will cover the domestic market, ASEAN, and African regions. Attero will repurpose the batteries for energy storage, addressing the complete lifecycle of EV components. OSPL aims to deploy over 1-GWH of EV batteries and Attero targets the recycling of over 100 MWh in the next 3-4 years. This is important for India's sustainable approach to Li-ion battery recycling and to avoid environmental threats and waste of rare materials.
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