VEHICLE TO GRID
Faster nod for power connection to EV charging stations proposed
The Indian government has proposed new guidelines to reduce the approval time for electricity connections for electric vehicle (EV) charging stations. The approval time in metropolitan areas will be cut from seven days to three days, and in municipal areas from 15 days to seven days. In rural areas, the time will be reduced from 30 days to 15 days. The draft guidelines also call for an online single-window clearance system for faster processing of these connections.
Around 40 foreign terrorists in Poonch-Rajouri sectors: Intel, security grids tightened
Around 35-40 foreign terrorists, suspected to be former Special Services Group members from the Pakistan Army, are active in Jammu sector. Recent attacks targeted Hindu pilgrims and security forces in Reasi and Kathua regions south of Pir Panjal ranges.
EV owners may soon sell battery power back to grids like rooftop solar scheme
With V2G technology, EV owners can charge their vehicles during off-peak hours and sell the stored power when their vehicle is not in use, earning incentives set by the Delhi Electricity Regulatory Commission. "This is pretty much like selling surplus rooftop power to the grid and earning incentives," said the official.
Clean energy investment set to run at double fossil-fuel spend
Investment in clean energy technologies is set to reach $2 trillion this year, doubling fossil fuel spending.
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.
$215 trillion to save the planet is a bargain
By 2100, the permanent loss from additional warming under a “business as usual” scenario would rise to 52%, representing trillions of dollars in economic destruction.
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Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
Domestic copper at lifetime highs; factors affecting the price surge
Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and power grids. Goldman Sachs predicts major copper market deficit with US manufacturing rebound.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
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.
Powering ahead: The role of renewable energy in electric vehicle charging infrastructure
India aims for a sustainable future with EVs & renewable energy. Challenges include sparse charging stations & policy reforms. By 2030, target is 500 GW renewable energy for a greener tomorrow.
Electric vehicles will start to cut emissions and improve air quality in our cities - but only once they're common
We would get more immediate benefit by focusing on electrifying buses, which are a surprisingly large source of air pollution, and finding ways to cut rapidly growing emissions from diesel trucks.
Sodium batteries from Michigan to challenge lithium’s grip
Sodium-ion batteries offer benefits over their lithium-ion counterparts. They can discharge faster, providing short, intense bouts of power.
Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
For solar, you have the likes of Waaree, etc. And for wind, you have the equipment suppliers again in the sense of Suzlon and Inox. So, these I would say are the broad spectrum of power equipment suppliers in the Indian landscape.
AI-powered EV batteries: The next welcome change
Battery development is typically a slow and laborious process, with extensive testing and retesting. Measuring how long a battery will last, for example, can involve charging and discharging thousands of times. Using AI, developers can cut down the time and expense of battery design by iterating faster and more efficiently. One early-prediction model helped reduce the time it took to identify fast-charging techniques from over 500 days to 16 days, in part by predicting the final cycle life using data from the first few cycles, according to a 2020 Nature study.
For 3rd term, BJP eyes rooftop solar to get to the masses
BJP's plan for energy independence by 2047 includes rooftop solar outreach, 300 GW solar by 2030, and clean energy excellence center. They aim to challenge China's dominance in renewable energy sector.
BJP Sankalp Patra: How BJP wants to make India a global hub for renewable energy
BJP's manifesto for 2024 polls focuses on energy independence by 2047, renewable energy expansion, ethanol blending, small modular reactors, and Battery Energy Storage Systems incentives.
Sterlite & GIC to set up $1 billion JV for power transmission
Vedanta Group's Sterlite Power Transmission Ltd (SPTL) and Singapore's sovereign wealth fund GIC are forming a $1 billion platform for India's power transmission sector. GIC will invest $500 million for a 49% stake, and Sterlite Power will match the amount for a 51% stake. The JV will initially include five under-construction projects, with plans to expand. Sterlite Power will transfer four operational assets worth about ₹7,500 crores into the JV. This investment aims to support India's goal of increasing renewable energy usage and upgrading the national transmission grid.
Gulf Oil Lubricants looking at buyouts to boost EV infra play
Gulf Oil Lubricants India is planning to acquire charge point operators (CPOs) and intelligent grid technology companies to become a leader in the electric vehicle charging ecosystem. The company is looking at the complete value chain, from manufacturing to research and technology. The smart grid technology combines hardware chargers and software to boost efficiency of electrical grids or networks by enabling bi-directional communication.
Sensex drops 400 points, Nifty below 22,300 on weak global cues
Ahead of Fed Chair testimony and U.S. jobs data, domestic equity indices opened lower. Tata Motors shares rallied on separation plans. IIFL Finance shares tanked on RBI's gold loan ban. Moody's raised India's GDP growth projection. Chinese stocks dragged Asian markets lower.
A tale of two metals will determine the future of energy
Nickel and copper have long been recognized as vital components of a decarbonised economy.
Investment of Rs 75,000-crore for new rooftop solar scheme, substantive subsidies: PM Modi
India's Prime Minister Narendra Modi announced the PM Surya Ghar Muft Bijli Yojana, which will invest over Rs 75,000 crore to provide free electricity to 1 crore households. The scheme, first announced in January, will involve substantial subsidies and concessional bank loans. The government will integrate stakeholders into a National Online Portal for convenience.
Power Grid acquires two special purpose vehicles to build transmission projects
Both the SPVs shall be engaged in the business of transmission of power. Power Grid will have 100 per cent shareholding in both the firms.
Bulls in Action! Nifty crosses 21,600 for the first time; Sensex rises nearly 500 points tracking global market mood
From the Sensex pack, UltraTech Cement, Power Grid and Tata Motors were the top gainers, rising over 1% each. JSW Steel, Infosys, Tata Steel, and L&T also opened higher. On the other hand, only HDFC Bank and Sun Pharma opened lower.
Adani Energy wins bid to hook up renewables park to National Grid
AESL would be investing Rs 3,000 crore to build, own, operate and maintain the 301 km (656 circuit kilometer or ckm) transmission project for a period of 35 years, a company statement said.
Power Grid Corp acquires 2 special purpose vehicles to implement transmission projects
The Koppal II Gadag II Transmission Ltd (KIIGIITL) was acquired on Tuesday to establish a transmission system for 'Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and GadagII (Phase-A) in Karnataka', on build, own, operate and transfer (BOOT) basis", it explained.
Hero MotoCorp, Ather join hands for EV charging network
Hero MotoCorp has entered into a partnership with Ather Energy to establish an interoperable fast-charging network for electric two-wheelers in India. The collaboration will enable EV users to seamlessly utilize both VIDA and AtherGrids across the country, covering 100 cities with over 1,900 fast-charging points.
Premium Indian two-wheeler EV companies eye global foray for growth
The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.
Are hybrid vehicles better than electric vehicles?
Where electric vehicle (EV) is in trend, and is promoting sustainable mobility, hybrid, a vehicle with a mix of a gasoline engine and an electric motor, makes the transition smoother for those who hesitate to switch directly to EVs.
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