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Torrent Power wins 1,500 MW pumped hydro storage project from MSEDCL
Torrent Power has received a letter of intent (LoI) from Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW pumped hydro storage project (PSP) to supply power for 40 years. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), Torrent Power will provide MSEDCL with 1,500 MW of contracted capacity, with scheduled discharge capabilities for eight hours, including a continuous maximum of five hours per day. Torrent Power, which operates across the entire power value…
Ørsted partners with Mission Clean Energy for 1 GW battery storage projects in US Midwest
Danish energy company Ørsted has teamed up with Mission Clean Energy to develop four standalone battery energy storage systems with a total capacity of 1 GW across the US Midwest. This collaboration represents Ørsted’s first venture into standalone battery storage in the US and globally, further diversifying its renewable energy portfolio. Ørsted will invest in securing priority positions in the interconnection queue for these storage projects, while Mission Clean Energy will lead the development efforts….
Plan to deploy 40-50 small modular nuclear reactors
India is planning to deploy 40-50 small modular nuclear reactors (SMRs) to replace captive thermal power plants as part of its strategy to achieve net-zero emissions by 2070. These 220-MWe Pressurised Heavy Water Reactors (PHWRs) are being redesigned using modern 3D design platforms to ensure high standardisation and ease of deployment, particularly in industries like steel, aluminium, copper, and cement. The Department of Atomic Energy, in collaboration with Tata Consulting Engineers, is spearheading the redesign…
Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey
A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source, stabilizing grids as renewables, though growing, are intermittent. Despite fossil fuel consumption plateauing between 2025 and 2035, investments will persist to ensure energy reliability during the transition. Global energy demand is set to rise by up…
MNRE issues EoI for vendors under PM Surya Ghar
The Ministry of New and Renewable Energy (MNRE) has issued an expression of interest (EoI) to expand the network of vendors under the PM-Surya Ghar: Muft Bijli Yojana. The initiative aims to accelerate the deployment of residential rooftop solar systems by increasing the vendor network from the current 8,000 to 25,000. REC Limited’s vendor management division will provide support through weekly interactions, dedicated email assistance, and capacity-building programs to enhance vendor capabilities and ensure the…
Ontario Power to operate Pickering nuclear units until 2026
The Canadian Nuclear Safety Commission (CNSC) has granted Ontario Power Generation (OPG) an extension to operate units 5 to 8 of the Pickering nuclear generating station (PNGS) until the end of 2026, extending the previous deadline of December 31, 2024. The extended permit allows OPG to run these units up to 305,000 equivalent full power hours (EFPH), an increase from the previous 295,000 EFPH limit. The amended licence includes a requirement for OPG to maintain…