India opens 5 GWh BESS plant in Bengaluru
Author: PPD Team Date: June 30, 2025
Author: PPD Team Date: June 30, 2025
Union Minister for New and Renewable Energy, Shri Pralhad Joshi, inaugurated a 5 GWh Battery Energy Storage Systems (BESS) manufacturing facility in Bidadi Industrial Area, Bengaluru. The fully automated plant, developed by PACE Digitek, is among the largest in the country.
The plant’s automated cell-to-pack assembly line is designed for precision and high efficiency, with minimal human intervention.
India’s storage requirement is projected to reach 411.4 GWh by 2032, including 236.22 GWh from BESS. The sector is expected to attract Rs 4.79 lakh crore investment by then. The government plans to add 47 GW of BESS capacity over 2022–2032, with a total investment of Rs 3.5 lakh crore. To support this, the government will roll out an additional Rs 5,400 crore as viability gap funding (VGF) for 30 GWh of BESS, in addition to Rs 3,700 crore already allocated for 13.2 GWh under implementation.
Author: PPD Team Date: October 30, 2024 Masdar and UAE steelmaker EMSTEEL have announced the successful completion of a pilot project using green hydrogen to produce low-carbon steel at EMSTEEL’s Abu Dhabi facility. The project employs green hydrogen to reduce iron ore in the steelmaking process, a method that can lower carbon dioxide (CO₂) emissions by up to 95%. Now fully operational, the renewable hydrogen produced has been certified by Advance Labs per ISO 19870…
Author: PPD Team Date: March 9, 2026 Eastman Auto and Power Limited (EAPL) has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The development marks a key step for the diversified energy solutions manufacturer operating across battery storage, power electronics and solar technologies. EAPL was incorporated in 2000 under the JRS Eastman Group. Under the leadership of Managing Director (MD) Shekhar Singal, the company has…
Author: PPD Team Date: November 7, 2024 Indian Oil Corporation Limited (IOCL) has joined hands with Tirumala Tirupati Devasthanams (TTD) to build a 40 tonnes-per-day biogas plant in Tirumala, aiming to promote sustainable energy and effective waste management. TTD’s Additional Executive Officer Ch. Venkaiah Chowdary laid the foundation stone for the project alongside IOCL’s Executive Director and State Head B. Anil Kumar. The biogas plant will use mixed waste, including banana leaves, food scraps, grass,…
Author: PPD Team Date: December 2, 2024 The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion annually by 2050. India rejected the deal, deeming it inadequate and inequitable, citing…
Author: PPD Team Date: July 14, 2025 Truere Knight, a wholly owned subsidiary of Oriana Power, has signed a battery energy storage purchase agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). The agreement covers the development of a 50 MW/100 MWh standalone battery energy storage system (BESS) at the Heerapura substation in Jaipur, Rajasthan. The system will help the state utility balance supply and demand more effectively. The project will be developed under the…
Author: PPD Team Date: November 12, 2025 ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenues across its operating segments. According to the company, net profit for Q2 FY26 stood at Rs 4,675…