The IIT Madras (IITM) Research Park has unveiled a large-scale 1 MWh lithium-ion battery storage system, which is charged using wind and solar energy, elevating the campus’s renewable energy share to 90%.
Developed by the Center for Excellence in Energy & Telecommunications (CEET), this modular and ready-to-deploy battery storage system is part of the IITM Research Park’s ’10x initiative, Towards 100% Renewable Energy.’
India has shown interest in joining Russia’s ambitious lunar nuclear power plant initiative, which aims to establish a base on the Moon in collaboration with China, according to reports from EurAsian Times and Russia’s state-owned agency Tass. Spearheaded by Rosatom, the project will develop a small nuclear power plant with a capacity of up to half a megawatt to power the lunar base’s operations. Rosatom chief Alexey Likhachev confirmed India’s and China’s interest in the…
Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a 36% quarter-on-quarter increase, contributing 6.1% to Polycab’s total revenue. However, EBIT margins dropped to 12.3%, impacted by increased competition and…
NLC India (NLCIL) has signed a power usage agreement with Telangana distribution companies to supply 200 MW of solar power at a competitive price under the central public sector undertaking scheme for 25 years. The solar project will be developed under the ‘Make in India’ initiative, utilizing state-of-the-art equipment and technology, including single-axis trackers and domestically manufactured high-efficiency modules. The project is scheduled for commissioning by June 2025. Over its lifetime, NLCIL’s solar project is…
Torrent Power Limited has concluded the sale of 100 per cent equity shares of Torrent Electricals Private Limited (TEPL) to Torrent Investments Private Limited (TIPL), a holding company, for a consideration of Rs 850 million. The sale involves TEPL, which contributed Rs 6.51 billion in revenue, representing 2.4 per cent of Torrent Power’s total revenue, and had a net worth of Rs 153 million, constituting 0.12 per cent of the total net worth.
Union power minister Manohar Lal inaugurated the new Computer Security Incident Response Team – Power (CSIRT-Power) facility in New Delhi on September 23, 2024. The establishment of CSIRT-Power, a collaborative effort between the Ministry of Power and CERT-In, is part of the 100-day initiatives under the National Cyber Security Policy. Equipped with state-of-the-art tools and resources, the facility will act as a dedicated cybersecurity response team for the power sector, focusing on detecting and responding…
Avaana Capital, India’s climate-focused venture capital firm, has infused its Avaana Climate and Sustainability Fund with USD 135 million, supported by prominent institutional investors, including the Green Climate Fund (GCF). Anjali Bansal, partner at Avaana Capital, highlighted the significance of this support, emphasizing the role of innovation in driving climate action and creating long-term impact. The fund aims to build the next generation of climate-first companies across three core sectors—Energy and Resource Management, Mobility and…
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