In Short : India has approved Viability Gap Funding (VGF) to support the development of 4,000 MWh Battery Energy Storage Systems (BESS) by 2030-31. The initiative aims to enhance grid reliability, enable renewable energy integration, and make storage solutions commercially viable. VGF will reduce project costs, accelerating India’s transition towards a clean, sustainable, and energy-secure […]
In Short : A report highlights energy storage as the biggest challenge to achieving net-zero emissions. Battery Energy Storage Systems (BESS) must expand 35-fold by 2030 to support renewable energy. High costs and infrastructure needs hinder adoption. Long-Duration Energy Storage (LDES) offers a solution, but policy support and investment are crucial to ensuring grid stability […]
CERC Adopts Tariff for SECI’s 1.2 GW ISTS-Connected Solar PV Power Projects with Energy Storage Systems (Tranche XV) For more information please see below link:
Ministry of Power – Advisory on co-locating Energy Storage Systems with Solar Power Projects to enhance grid stability and cost efficiency reg. For more information please see below link:
In Short : As on 31.10.2023, a total of 186.46 GW (43.8%) non-fossil fuel-based capacity has been installed in the country out of an overall installed electricity capacity of 425.5 GW In Detail : The Union Minister for Power and New & Renewable Energy has informed that the Government has issued ‘National Framework for Promoting […]
Texas public power utility CPS Energy has launched a request for proposals for up to 500 megawatts of energy storage systems. The RFP is part of the utility’s power generation plan approved by the utility’s Board of Trustees earlier this year. Projects under this RFP may be diverse and responses are welcomed from both large-scale […]
Lithium-ion batteries have become ubiquitous and are an industry leader when it comes to batteries, but nonetheless, battery technology continues to evolve. Austrian scientists have now successfully developed a new type of battery technology known as oxygen-ion batteries. Although they have low energy density, their superiority reigns in the fact that they do not lost […]
To seek approval for procurement of 1200 MW power on long term basis i.e.25 years from solar power projects with committed power supply from Energy Storage Systems. For more information please see below link: