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For grid-scale applications, a variety of energy storage technologies (such as pumped-storage hydroelectricity, electric batteries, flow batteries, flywheel energy storage, and supercapacitors) are suitable, although they have different properties. The amount of electricity produced fluctuates depending on the time of day, moon phase, season, and uncontrollable variables like the weather. A few grid batteries are situated near renewable energy sources, either to smooth the erratic power from wind or solar production or to shift the power output to other times of the day when the renewable source cannot directly supply power. [Extracted from the article]

The Gujarat Fluorochem EV Division has secured INR 1,000 crore for expansion, with the funds being raised at an equity valuation of INR 25,000 crore. The company's promoters, along with other investors, led the fundraise round to support the company's growth in the electric vehicle and energy storage systems space. In a separate initiative, Honda Cars India is expanding its campaign for the preventive replacement of fuel pumps in older models to address potential engine issues. The campaign covers specific models produced between September 2017 and June 2018, with replacements being conducted free of charge at authorized dealerships across India. [Extracted from the article]

The article discusses a new partnership between Angst+ Pfister Sensors and Power AG and H2scan, a global leader in hydrogen sensing solutions, to bring hydrogen monitoring technology to Germany and Switzerland. This collaboration aims to enhance safety and efficiency in hydrogen-based energy solutions by distributing H2scan's hydrogen detection systems for various industrial applications. Additionally, IPS Adhesives has expanded its MMA adhesives portfolio through an acquisition, enabling rapid bonding and providing innovative solutions for lightweighting and bonding dissimilar materials in transportation, construction, automotive, marine, and other industrial sectors. [Extracted from the article]

The article discusses IBM's acquisition of Prescinto, a Bengaluru-based firm specializing in asset performance management software for renewable energy. This acquisition will enhance IBM's Maximo Application Suite and strengthen its position in the energy and utility industry. Additionally, Bharat Forge has signed an agreement to acquire American Axle's India unit to expand its customer base and manufacturing presence in India. Lastly, 8i Ventures announced its successful exit from M2P Fintech with a nearly 12 times return on investment in four and a half years. [Extracted from the article]

Aspen Technology has launched the AspenTech Microgrid Management System to assist customers in enhancing power reliability and achieving net-zero goals. This system is designed for industries with heavy electrical power requirements, such as refining, chemicals, and mining, to manage their onsite power generation effectively. The increasing demand for energy, aging grid infrastructure, severe weather events, and cybersecurity threats have made solutions like AspenTech MMS crucial for industrial and commercial energy consumers. Additionally, Aramco and China National Building Material Group have announced a strategic collaboration to further their mutual interests. [Extracted from the article]

The article "FRPT- Energy Snapshot" discusses various developments in the energy sector. The Adani Group plans to build 10 gigawatts of hydroelectric projects outside of India to achieve net zero carbon emissions by 2050. JSW Energy's subsidiary signed an agreement with MSEDCL for energy storage facilities, and the Central Electricity Authority projects peak power demand to reach 270 GW next year and 446 GW by 2035. Additionally, Adani Energy has signed a pact to operate electricity transmission lines in Kenya. [Extracted from the article]

Sudeep Pharma India has expanded into the Clean Energy Storage sector with the launch of its subsidiary, Sudeep Advanced Materials (SAM). SAM will focus on producing green iron phosphate for electric vehicle (EV) energy storage applications. Sudeep Pharma has been producing iron phosphate since 2015 and is now one of the largest global producers of food-grade iron phosphate. SAM will utilize the company's expertise in green chemistry to manufacture green iron phosphate for EV battery storage systems. [Extracted from the article]

Maxvolt Energy, a manufacturer and supplier of lithium battery packs, has doubled its production capacity to meet the growing demand during the festive season. The company supplies battery packs to electric vehicles, energy storage systems, and medical devices. They also prioritize reusability and sustainability in their operations. Tata Motors Group has reported lower global wholesales in Q2 FY25 compared to the previous year, while Hyundai India plans a significant expansion in India with an allocated budget of Rs 32,000 crore between 2023 and 2032. [Extracted from the article]

Rays Power Infra has won a tender from NTPC for India's largest Vanadium Redox Flow Battery (VRFB) project. The VRFB technology offers long-duration energy storage, which is crucial for grid stability and the integration of renewable energy. Adani Green Energy and Adani Energy Solutions have also joined the Utilities for Net Zero Alliance, a global alliance that promotes clean energy solutions and advances electrification efforts. These developments mark significant advancements in India's renewable energy storage and clean energy initiatives. [Extracted from the article]

Reliance Power has secured a 500 MW battery storage contract through an e-reverse auction conducted by the Solar Energy Corporation of India (SECI). The contract is part of SECI's initiative to enhance energy storage capabilities in the country and involves the installation of 1,000 MW of standalone battery energy storage system (BESS) units. Torrent Power has also won a 1,500 MW pumped hydro storage project from Maharashtra State Electricity Distribution Co. Ltd. These developments reflect efforts to expand and improve energy storage infrastructure in India. [Extracted from the article]

The article focuses on Rept Battero, the battery division of China's Tsingshan Holding Group, opening its first U.S. office in Irvine, reflecting the area's growing role in clean energy innovation. Topics include the company's reasons for choosing Irvine, its initial staffing and facilities, and its participation in the RE+ clean energy conference.

According to a report, India plans to increase its renewable energy storage capacity to 6GW by fiscal year 2028. This surge is driven by a robust pipeline of projects and expected auctions. The report highlights the importance of storage due to the concentrated nature of renewable energy generation, which does not always align with peak demand. Additionally, the Union Ministry of Finance is expected to invite financial bids for Chhattisgarh-based NMDC Steel in the next two months as part of a disinvestment plan. [Extracted from the article]

The IIT-Madras Research Park has unveiled a 1MW indigenous battery storage system, marking the first stationary storage system installed in a building in India. Developed by the Centre for Excellence in Energy and Telecommunications, the system aims to make large-scale energy storage commercially viable for widespread adoption. In other news, India's gas consumption has increased from 86 million metric standard cubic meters per day in 2007 to 189 mmscmd in 2024, with the gas pipeline network expanding and the number of CNG stations and domestic PNG connections increasing. Additionally, Coal India has signed non-disclosure pacts with global companies to explore potential investment in critical mineral projects. [Extracted from the article]

Tata Power has announced plans to acquire a 40% stake in Khorlochhu Hydro Power Limited (KHPL) for Rs 830 crore in order to develop a 600 MW hydro project in Bhutan. The company has finalized an agreement with Druk Green Power Company for the project, which is estimated to cost Rs 6,900 crore. In other news, Sunkind Energy has secured contracts to develop 20 MW of solar power projects in Punjab and Maharashtra, while IIT-Madras Research Park has unveiled a 1 MWh battery energy storage system, the first of its kind in India. [Extracted from the article]

Hi-Tech Pipes, a steel pipes maker, plans to have 13.5 MW of renewable energy capacity for captive usage by December 2024. The company currently has 8.5 MW of installed solar power capacity and is in the process of installing another 5 MW. This will contribute around 30% of the company's total power requirement. In other news, JSW Neo Energy, a subsidiary of JSW Energy, has secured a contract to develop a 500 MW solar project along with 250 MW/500 MWh of energy storage systems from Solar Energy Corporation of India. Gensol Engineering has also won a bid for 116 MW of solar projects in Gujarat. [Extracted from the article]

Amara Raja Energy & Mobility has partnered with IIT Tirupati to establish the Dr. RN Galla Visiting Chair Professorship in Advanced Energy Storage Technologies. This initiative aims to support research and scholarly work in the energy storage field by recognizing outstanding global faculty and scientists. The partnership was announced during an event attended by notable figures in the industry. CEAT Ltd, a tire maker, expects double-digit growth in its replacement and international business despite the impact of high rubber prices. The company is betting on robust demand and the turnaround of the rural market to drive growth. [Extracted from the article]

According to data from the Society of Indian Automobile Manufacturers (SIAM), the Tata Punch surpassed the Maruti Swift as the top-selling car model in June 2024. The Tata Punch sold 18,238 units during this period, reclaiming its position as the best-selling car model. The competition among manufacturers in the automotive industry is intense, with various incentives and discounts being offered to boost sales. The Tata Punch's success can be attributed to its competitive pricing, advanced features, and impressive safety rating. [Extracted from the article]

Inox Wind Limited has announced that it will become net debt free after receiving an infusion of approximately Rs 900 crore from its promoter, Inox Wind Energy Limited. The funds were raised through the sale of equity shares and will be used to pay off the company's external term debt. In other news, SECI, a government agency for renewable energy projects, plans to float a tender for 500 MW of solar thermal capacity by the end of FY25, marking the first time such a tender will be issued on this scale in India. Additionally, Inox Wind shares surged over 14% after the infusion of Rs 900 crore from its promoter. Finally, Jakson Green has signed an agreement with NHPC for the supply of 400 MW of solar power. [Extracted from the article]

The article provides a snapshot of the automobile industry in India. German automaker Volkswagen has launched its first brand store for certified pre-owned cars in Tamil Nadu. The electric vehicle (EV) sector in India is expected to attract a $500 million investment, according to Commerce Secretary Sunil Barthwal. Volvo plans to launch one new EV in India every year, as part of its goal to become a fully-electric brand by the end of the decade. [Extracted from the article]

The article discusses various energy-related topics in India. It mentions that there will be no immediate reduction in petrol and diesel prices unless global crude oil prices drop below a certain range. The government is also considering including petrol and diesel under the Goods and Services Tax (GST) regime to standardize fuel prices across states. Additionally, the India Energy Storage Alliance (IESA) plans to release a white paper on sustainable future, including renewables, at an upcoming conference. The white paper will address key policy and regulatory challenges for electric vehicles, cleantech, green hydrogen, and battery storage. Several companies have also secured capacities in a hybrid project conducted by SJVN Green Energy. [Extracted from the article]

According to government data, the peak power demand in India reached a record high of 250 GW on May 31, 2024. Moody's Ratings estimates that the country's power sector will require over $385 billion in investment over the next six to seven years to meet its target of 500 GW of renewable energy. Despite this, Moody's predicts that coal will remain the primary source of power generation for the next decade. SUN Mobility and IndianOil have announced a joint venture to set up and deploy a battery swapping infrastructure network by 2030, with plans to scale up to 10,000 battery swapping stations across 40+ cities in the next three years. This collaboration aims to facilitate the widespread adoption of electric mobility. [Extracted from the article]

NHPC, a state-owned hydro power company, has announced that it has paid a final dividend of Rs 338.51 crore to the Government of India for the fiscal year 2023-24. This is in addition to an interim dividend of Rs 947.82 crore that was paid earlier in the year, bringing the total dividend for the year to Rs 1,286.33 crore. In other news, Rays Power Infra has been awarded India's largest Vanadium Redox Flow Battery tender by NTPC for a 600KW/3000KWh project, which is seen as a significant advancement in India's renewable energy storage sector. [Extracted from the article]

SJVN, a power company, has signed two memorandums of understandings (MoUs) with the Maharashtra government for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) in Maharashtra. The first MoU is for the development of five PSPs with a total capacity of 8,100 MW, which will be used for energy storage, grid stabilization, and meeting peak electricity demand. The second MoU is for the development of FSPs. In other news, Hartek Group has announced that it has crossed the milestone of 10 GW of solar power through its various business divisions. [Extracted from the article]

Torrent Power has been awarded a contract to install a 1,500 MW pumped hydro storage project in Maharashtra, India. The project is part of an initiative by the Solar Energy Corporation of India (SECI) to enhance energy storage capabilities in the country. Torrent Power has received a Letter of Intent from Maharashtra State Electricity Distribution Co. Ltd. and will receive a detailed letter of award upon approval from the Maharashtra Electricity Regulatory Commission. The project aims to increase energy storage capacity and support the demand for energy in the region. [Extracted from the article]

According to a report by ratings agency ICRA, the share of renewable energy in India's power generation is projected to reach 35% by FY30, up from 21% in FY24. However, achieving the renewable purchase obligation target of 43.3% by FY30 will require doubling the current renewable energy capacity of 200 GW. This will involve investments in energy storage, grid integration, and addressing challenges related to land acquisition and transmission infrastructure. While India has made progress in renewable energy capacity, challenges remain in areas such as energy storage and fully integrated renewable energy equipment manufacturing. [Extracted from the article]

Clean Electric, a company that develops fast-charging battery technology for electric vehicles and grid battery solutions, has raised $6 million in funding. The funding round was co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital, with participation from Lok Capital and other investors. The funds will be used to expand research and development, grow sales and operations teams, and create new products focused on faster charging and renewable energy storage. In another development, Total and AGEL, a renewable energy subsidiary of the Adani Group, have formed a joint venture to expand their portfolio of solar power plants. AGEL contributed a portfolio of 2.1 GW of solar power plants, and the agreement allows for an extension to 2.3 GW with the addition of new solar farms. [Extracted from the article]

Cygni Energy, a Hyderabad-based energy storage company, has partnered with XDLE, a manufacturer of long-life Lithium LFP cells, to develop energy storage solutions for the commercial and industrial segment in India. These solutions, ranging from 25kWh to 1MWh, aim to reduce electricity tariffs for customers and promote the adoption of renewable energy. The partnership offers a warranty of 10 years or more, which is expected to encourage financing partners to invest in these solutions. In a separate development, Epic Energy has signed an agreement with Niva Ecotech to establish a 35 MWp solar park in Solapur, Maharashtra. [Extracted from the article]

Over 200 global players are expected to participate in the Bharat Battery Show in January 2025, where they will showcase advanced battery and charging infrastructure technologies. The show is organized by the India Energy Storage Alliance (IESA) as part of the Bharat Mobility Global Expo 2025, led by the Ministry of Commerce and Industry. The expo will take place across three major venues in India. In addition, Union Minister of State for Science and Technology, Jitendra Singh, emphasized the Green Hydrogen Mission as a key component of India's efforts to reduce carbon emissions in heavy industries, transportation, and power generation during a bilateral meeting on US-India Civil Nuclear Commerce. [Extracted from the article]

Over 200 global players are expected to participate in the Bharat Battery Show in January 2025, showcasing advanced battery and charging infrastructure technologies. The show is organized by the India Energy Storage Alliance (IESA) as part of the Bharat Mobility Global Expo 2025, led by the Ministry of Commerce and Industry. The event will be held across three major venues in India. Maruti Suzuki, Hyundai Motor India, and Toyota Kirloskar Motor are also preparing to launch several seven-seater utility vehicles in response to increasing demand. [Extracted from the article]

According to a report by credit rating agency ICRA, India's renewable energy generation is expected to reach 40% of the nation's electricity generation by 2030, up from the current 25%. This growth is driven by capacity additions and requires the development of energy storage systems (ESS) to manage the intermittency of wind and solar power. The report highlights the importance of battery energy storage systems (BESS) and pumped hydro storage projects (PSP) in managing this intermittency. The declining battery prices have accelerated the adoption of BESS projects. [Extracted from the article]

Advik, a Pune-based tier 1 supplier, has acquired the business assets of Aceleron Energy, a UK-based lithium-ion battery company. This acquisition marks Advik's entry into the electric vehicle and energy storage system sectors. The company aims to expand its product range and customer base, focusing on the development of next-generation energy storage solutions. In another partnership, GoMechanic has teamed up with ExxonMobil Lubricants to provide premium-quality engine oil to its workshops, emphasizing the benefits of synthetic engine oil to customers through educational initiatives. [Extracted from the article]

Mercedes-Benz India has reported its highest-ever retail sales in the financial year 2023-24, with 18,123 units sold, a 10% increase from the previous year. The luxury carmaker attributes this success to strong demand for its SUV range. Log9 Materials and Zeta Energy have partnered to develop advanced battery systems for the Indian electric mobility market, aiming to create faster charging, lower priced, and more sustainable battery solutions. Japanese tyre major Bridgestone expects 25% revenue growth in India between 2024 and 2026, making it their fastest-growing market globally. They have also launched a premium range of passenger vehicle tyres specifically designed for the Indian market. [Extracted from the article]

According to a report by Crisil Ratings, India's renewable energy storage capacity is projected to increase from less than 1 GW to 6 GW by fiscal year 2028. This growth is driven by a strong pipeline of projects currently being implemented. The increase in storage capacity is important for accommodating the growing share of renewable energy in India's power generation mix. Despite some delays in project implementation, the government's efforts to develop renewable energy and establish competitive tariffs have increased confidence in the adoption of renewable energy sources. [Extracted from the article]

Solar manufacturers are anticipating significant growth in the coming years, particularly due to the Indian government's target of installing one crore household rooftop solar panels. Manufacturers are also hopeful for a policy change in European countries that would open up the European market for India. The government's commitment to renewable energy and policies such as the Approved List of Model Manufacturers and Basic Custom Duty are expected to boost the demand for domestically manufactured solar products. Solar capacity is projected to increase by 35-40 GW per year. Additionally, India aims to increase its renewable energy storage capacity to 6 GW by fiscal year 2028. [Extracted from the article]

A study by Mercom has found that a shortage of power transformers is slowing down the expansion of solar projects in India. The manufacturing capacity for transformers has not kept up with the demand, causing delays for solar developers. Currently, there are approximately 143 GW of large-scale solar projects in development and another 96 GW pending auction. The lead time for procuring 220 kV transformers has increased from 8-9 months to nearly 14 months. In other news, the Adani Group is set to commission a $4 billion PVC project by December 2026, marking its entry into the petrochemicals sector. [Extracted from the article]

JSW Neo Energy, a subsidiary of JSW Energy, has been awarded a contract to develop a 500 MW solar project and 250 MW/500 MWh of energy storage systems by the Solar Energy Corporation of India (SECI). The project is part of SECI's tariff-based competitive bid for setting up 1,200 MW of solar power projects and 600 MW/1,200 MWh of energy storage systems. In another development, Hi-Tech Pipes aims to have 13.5 MW of renewable energy capacity for captive usage by December 2024, with 8.5 MW already installed and another 5 MW to be installed in phases. [Extracted from the article]

The India Energy Storage Week is set to host its annual international conference and exhibition in New Delhi from July 1 to 5, 2024. The event is expected to announce investment commitments of over Rs 2,000 crore in the energy storage, electric vehicle, and green hydrogen sectors. This conference will also serve as a launch platform for multiple factory and Gigafactory announcements, contributing to India's goal of becoming a global manufacturing hub. Additionally, the Chief Minister of Himachal Pradesh laid the foundation stone for a 10 MW solar power project in Aghlor. [Extracted from the article]

In these applications, the stage change energy gives an extremely huge layer of warm limit that is close to the base scope of temperature that water source heat siphons can work in. Different wellsprings of heat energy for capacity incorporate warmth or cold created with heat siphons from off-top, cheaper electric force, a training called top shaving; heat from joined warmth and force power plants; heat delivered by inexhaustible electrical energy that surpasses framework interest and waste warmth from modern cycles. [Extracted from the article]

The article discusses the joint report by the Institute for Energy Economics and Financial Analysis and JMK Research and Analytics that energy storage systems are set to attract the highest investment among emerging sectors in India's renewable energy industry.

The article reports on a technology licensing agreement announced by About: Energy, a world-leading innovator in battery development software, with the University of Portsmouth and the University of Southampton, to advance battery modelling and accelerate electrification across the automotive and energy storage industry.

The article titled "IPCL and E2S Power to develop thermal energy storage system" discusses the collaboration between India Power Corporation (IPCL) and Swiss energy storage company E2S Power to develop a thermal energy storage system (TESS) that will enhance energy storage and transmission efficiency. The partnership aims to integrate a 250 kilowatt-hour TESS unit with IPCL's system to support their renewable energy goals and contribute to India's pursuit of net-zero emissions. In another development, BluPine Energy has secured a loan of Rs 418 crore from HDFC Bank for its 120 MW solar project in Sadla, Gujarat. [Extracted from the article]

The National Green Tribunal (NGT) has issued a notice to the authorities of NTPC's North Karanpura superthermal power plant in Jharkhand's Chatra district following a massive fire that occurred last month. The NGT took suo motu cognizance of a report regarding the blaze, which engulfed a unit in the power plant's material yard on April 19. In other news, a report by Hapser Data Services states that energy storage systems are crucial for India's renewable energy expansion, with renewable energy generation expected to reach 40% of the nation's electricity generation by 2030. [Extracted from the article]

VARTA, in collaboration with a consortium of 15 companies and universities, is leading a new project called ENTISE to develop sodium-ion batteries for scalable energy storage. Sodium-ion batteries are considered a promising solution for sustainable and cost-effective energy storage due to the abundance and recyclability of sodium. The project has received funding of approximately 7.5 million euros from the Federal Ministry of Research and Education. The official approval for the project was given on May 2nd, and it is set to begin on June 1st, 2024. [Extracted from the article]

Panasonic Group has announced plans to form a joint venture with Indian Oil Corporation Ltd (IOCL) to manufacture cylindrical lithium-ion batteries. The joint venture is driven by the expected increase in demand for batteries in the Indian market, particularly for two- and three-wheel vehicles and energy storage systems. In a separate development, India has initiated an anti-dumping probe into the import of a chemical used in the rubber industry from China and Japan, following a complaint by a domestic player. The investigation is being conducted by the Directorate General of Trade Remedies (DGTR). [Extracted from the article]

Luxury carmaker Mercedes-Benz India has reported its highest-ever retail sales in the financial year 2023-24, with 18,123 units sold, a 10% increase from the previous fiscal year. The strong demand for its SUV range contributed to this success. Mercedes-Benz India's Managing Director and CEO, Santosh Iyer, attributed the achievement to the trust and desirability of the brand in India. This news reflects the company's commitment to the Indian market and its ability to meet customer demands. [Extracted from the article]

Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited, has successfully commissioned India's largest Solar and Battery Energy Storage Systems (BESS) project in Chhattisgarh. The project consists of a 100 MW Solar PV Project and a 120 MWh Utility Scale Battery Energy Storage System. TPSSL overcame challenges such as difficult soil conditions and a remote location to complete the project on time. The project utilized cutting-edge Bifacial Mono Crystalline technology for its modules. [Extracted from the article]

CSG Energy Storage Technology and Nio Power have formed a partnership in VPP (Virtual Power Plant) and battery swap technology. The agreement was signed in Guangzhou, Guangdong Province, and witnessed by key figures from both companies. This collaboration aims to advance energy storage technology and improve the efficiency of battery swapping in the automobile industry. For more information, refer to the provided links. [Extracted from the article]

Paccar Parts Europe has installed an on-site power supply system at BEST Trucks, DAF Electric Truck Center in the Netherlands. The system, known as a microgrid, includes 750 solar panels, an energy storage system, and advanced energy control systems. It can supercharge trucks leaving the workshop and also powers a public fast charger. In other news, UK car production had a strong start in January, with volumes rising 21.0% to 82,997 units, the best January performance since Hapser Data Services 21. [Extracted from the article]