Anil Saboo, IEEMA President, said that the world now looks to India as an alternative to China in the electrical equipment market. The domestic electrical equipment market is expected to grow at an annual rate of 12% to reach USD 72 billion by 2025, an industry executive said. At present, the total worth of India’s […]
Residential Solar Energy Storage Market to exhibit a stellar CAGR of 14% | Market Research Future (MRFR)
Key industry participants in the global Residential Solar Energy Storage Market are ABB, LG Chem, Samsung SDI Co., Ltd, General Electric, Tesla, AEG Power Solutions, NextEra Energy, Inc., Abengoa, BrightSource Energy, Inc., Acciona, Evergreen Solar, Alpha Technologies, SunPower Corporation, and Solarwatt., among others. Residential solar energy storage equipment can harness the sun’s light and store […]
Tenaga enters VN solar market
Kuala Lumpur-listed Tenaga Nasional Bhd (TNB) is expanding its international renewable energy (RE) footprint into Southeast Asia with its foray into Vietnam by buying a stake in a 21.6MW project. In a statement to Bursa Malaysia on March 4, it said TNB Renewables Sdn Bhd will acquire a 39 per cent stake in a project […]
Saudi Arabia’s bold plan to rule the $700 billion hydrogen market
As governments and industries seek less-polluting alternatives to hydrocarbons, the world’s biggest crude exporter doesn’t want to cede the burgeoning hydrogen business to China, Europe or Australia and lose a potentially massive source of income. Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the […]
How Europe became world’s biggest electric-car market and why it might not last
European consumers are buying electric cars at a faster pace than ever, encouraged by government subsidies and the availability for the first time of models built by their favorite brands. The boom is so strong that Europe passed China as the world’s largest electric-vehicle market last year. Its share of new electric-car sales nearly doubled […]
Detel plans to raise Rs 150 cr by this year-end to strengthen EV portfolio
With the government’s initiatives to make India self-reliant in the area of EV mobility, the company has taken a step ahead to support the government’s Make in India campaign New Delhi: Homegrown brand Detel on Monday said it plans to raise Rs 150 crore by the end of this year to drive in new electric vehicles. The […]
GM teams up with Microsoft as electric car market revs
Ives and others think Apple is poised to begin putting its technology to work in self-driving, electric cars although the iPhone maker has remained mum on the subject San Francisco : General Motors announced an alliance Tuesday with Microsoft on its Cruise autonomous driving venture, combining forces to challenge Tesla and others in an electric […]
IEX expands Green Market – introduces new contracts to enable renewable energy trade on the same day and up to 11 days ahead
~The two newly introduced green contracts, Daily and Weekly, are in addition to already operational Intra-day and Day-Ahead Contingency (DAC) contracts in the Green Market ~ ~Within 102 days of commencement, Green Market has traded 459 MU volume comprising 404 MU traded in Solar and 55 MU traded in Non-Solar segments~ New Delhi: The Indian […]
Market for Electric Vehicle Powertrain Materials to Reach $47 bn by 2030
BOSTON : Traction batteries and motors in electric vehicles (EVs) are very different to the powertrain components of the internal-combustion engine vehicles they replace. Their meteoric rise will lead to much greater demand for several materials markets which otherwise would see only modest growth. For example, while the combustion engine and transmission relies heavily on […]
Solar-charged vanadium flow machine pre-qualifies for UK’s frequency response market
‘Flow batteries’ could provide frequency response in the UK for the first time ever, as a modestly sized solar-plus-storage system has been pre-qualified into National Grid’s dynamic firm frequency response (dFFR) market. Last week energy storage technology provider and system integrator RedT – which prefers the description ‘flow machines’ for its vanadium redox flow, long […]