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HP Green R&D Centre inks tie-up with EIL for hydrogen technology

India, News

Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology.  Under this partnership, HPCL will act as the “Technology Licensor,” while EIL will be the exclusive “Technology & Engineering Partner,” responsible for engineering, marketing, and commercialising HP-PSA technology across India. The HP-PSA technology, developed by HPGRDC, has proven effective with a six-bed hydrogen PSA unit at…

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India approves 50 solar parks to boost 37.5 GW renewable capacity

India, News

The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey.  These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…

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CCI acquires Dutch battery storage platform LCEGS

Global, News

S4 Energy, a subsidiary of Castleton Commodities International (CCI) specializing in grid-scale battery energy storage, has acquired Netherlands-based LC Energy’s battery storage platform, LCEGS.  This acquisition enhances the energy grid’s resilience by merging LCEGS’ development expertise with S4 Energy’s operational experience. Battery energy storage is crucial for Europe’s decarbonisation goals and grid stability. With increasing reliance on renewable energy and demand from sectors like data centres, battery storage is set to play a key role…

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Adani Power reports 50% drop in Q2 FY25 net profit despite revenue increase

India, News

Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year.  However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and operating costs. The company noted that power…

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World Nuclear Performance 2024

Analysis, Features

In a world grappling with the urgency of climate goals and clean energy transitions, the World Nuclear Performance Report 2024, produced by the World Nuclear Association, presents a compelling narrative on the global nuclear industry’s role in reducing emissions and enhancing energy security. Through facts, case studies, and country-specific insights, the report highlights nuclear energy’s capacity to deliver dependable, carbon-free power and keep pace with rising global electricity demands. Nuclear’s Vital Statistics: Performance on a…

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India’s power sector warned of potential overinvestment risks amidst capacity expansion plans

India, News

As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions since FY 2010 have faced…

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NTPC and Indian Army to establish solar hydrogen microgrid in Ladakh

India, News

NTPC, in partnership with the Indian Army, is set to deploy a solar hydrogen-based microgrid at Chushul, Ladakh, aimed at providing stable, renewable power to off-grid Army locations. The 200 kW microgrid system will use hydrogen as an energy storage medium, replacing diesel generators currently operating at the remote site, situated at an altitude of 4,400 meters where temperatures can plummet to -30°C in winter. NTPC will operate and maintain the microgrid for 25 years,…

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Atul Greentech partners with Exide Energy Solutions for lithium-ion battery supply

India, News

Atul Greentech, a subsidiary of Atul Auto, has signed an agreement with Exide Energy Solutions (EESL) to source lithium-ion battery packs from EESL’s facility in Prantij, Gujarat. The agreement also includes sourcing lithium-ion cells once EESL begins production at its Bangalore facility. This partnership aims to enhance India’s self-reliance in the EV sector, integrating domestically manufactured lithium-ion cells to promote sustainable and innovative electric mobility solutions.  Atul Auto, known for its three-wheelers, operates in both…

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Turkey aims to quadruple wind and solar capacity by 2035

Global, News

Turkey‘s Energy Minister, Alparslan Bayraktar, announced that the country will need $108 billion in public and private investment to increase its wind and solar power capacity to 120,000 MW by 2035, aiming to quadruple its current capacity.  This announcement was made during an event outlining Turkey’s renewable energy roadmap. The first renewable energy resource area tender conditions for 2024 will be disclosed next week. The energy ministry is revising regulations to encourage private sector investment…

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GreenLine Mobility to expand LNG fleet, aims for 1,000 more trucks by March 2025

India, News

GreenLine Mobility Solutions Ltd, a key entity in Essar’s green mobility initiative, plans to expand its fleet by adding 1,000 Liquefied Natural Gas (LNG)-powered trucks by March 2025. This move aligns with India’s strategy to decarbonise the logistics sector and reduce emissions in its journey towards net zero by 2070. GreenLine’s CEO, Anand Mimani, emphasized the company’s commitment to sustainable logistics, aiming to meet the rising demand for eco-friendly solutions as corporations increasingly prioritize Environmental,…