NEW DELHI: In his first Defence Acquisition Council (DAC) meeting, defence minister Rajnath Singh will decide on acquisition of weapon systems worth around Rs 12,000 crore including the procurement of two Brahmos supersonic cruise missile batteries for the Indian Navy. The meeting is scheduled to be held on Thursday in which the defence minister is […]
Utility scale, rather than behind-the-meter batteries will drive energy storage take-up – Bloomberg u-turn
The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs. he rise of electromobility and demand for stationary storage will drive lithium-ion battery costs […]
Supply Constraints Could Put the Brakes on Electric Vehicle Rollouts
“It will be impossible for many EV targets to be achieved” on the current path, says Wood Mackenzie research director Gavin Montgomery. Investments in mining projects to support key materials for batteries could come too late to meet rising demand, new research says, stoking fears of a battery materials crunch. Supply chain constraints could start […]
It’s The Batteries, Stupid
Tesla builds batteries… …and it’s building a lot of them — 95,200 (car) battery packs on the road in the most recent quarter, if we strictly go by the number of cars delivered. A small uptick from here will allow Tesla to build nearly half a million battery packs in a year. If things go […]
Amara Raja Batteries rises after strong Q1 numbers
Amara Raja Batteries was up 1.29% to Rs 338.85 at 11:14 IST on the BSE after net profit increased 24.7% to Rs 140.91 crore on 2% increase in net sales to Rs 1814.95 crore in Q1 June 2019 over Q1 June 2018. The announcement was made on Saturday, 20 July 2019. Meanwhile, the S&P BSE […]
GE and BlackRock Launch Distributed Solar and Storage Business
With BlackRock as a partner and a new focus on project ownership, GE’s under-the-radar solar business may be in for noisier days ahead. General Electric is a big and sprawling company that’s undergone some dramatic reorganizations over the past few years, particularly in its renewable energy, energy storage and grid edge business lines. But over […]
Taking charge: Researchers team up to make better batteries
A Florida State University and Cornell University research team found that batteries built from inexpensive and safe components can deliver three to four times the punch of batteries built with today’s state-of-the-art lithium ion technology. The researchers’ work is published today in Nature Communications. A. Nijamudheen, a postdoctoral researcher at the FAMU-FSU College of Engineering, […]
Europe Set to Race Past US in Battery Manufacturing
Europe’s battery manufacturing capacity is on the cusp of dramatic growth, though much of the investment and know-how are coming from Asian companies. A slew of recent announcements has left Europe poised to overtake North America in terms of battery manufacturing capacity by 2023, analyst figures show. Bloomberg New Energy Finance (BNEF) expects European nameplate […]
Giant batteries and cheap solar power are shoving fossil fuels off the grid
This month, officials in Los Angeles, California, are expected to approve a deal that would make solar power cheaper than ever while also addressing its chief flaw: It works only when the sun shines. The deal calls for a huge solar farm backed up by one of the world’s largest batteries. It would provide 7% […]
Mahindra open to partnership to manufacture EV batteries in India
With the Union Budget 2019 showing a marked preference for electric mobility in the automotive industry, Mahindra & Mahindra will be one of the prime beneficiaries of this form of green motoring. Having acquired EV manufacturer Reva Electric Car Company in 2010, Mahindra then began manufacturing entire EV powertrains its state-of-the-art plant in Bengaluru. In […]
