Amara Raja Batteries has broken ground on the Amara Raja Giga Corridor, an INR 9,500 crores gigafactory in Mahbubnagar district, Telangana. The ground-breaking ceremony, which was attended by Telangana Minister KT Rama Rao, marks the beginning of the gigafactory, which is planned to eventually produce up to 16GWh of lithium cells and up to 5GWh […]
Tata Power said that its distribution arm Tata Power Delhi Distribution Limited (TPDDL) has signed a deal with the Asian Development Bank (ADB) to improve the power distribution in Delhi with grid enhancements and battery energy storage system (BESS). In this connection, the parties entered into an agreement for the Asian Development Bank to subscribe […]
Clean energy company TransAlta will acquire a 50% stake in the Tent Mountain Renewable Energy Complex in Alberta, Canada from Montem Resources for a total consideration of approximately CAD 25 million ($18.55 million). The Tent Mountain project is an early-stage 320MW pumped hydro energy storage development site that is expected to offer 15 hours of […]
Energiasalv has secured an official permit to go ahead with the construction of its 550MW Zero Terrain pumped hydro storage plant in Estonia. The permit was granted by the Estonian Consumer Protection and Technical Regulatory Authority, said Energiasalv, which is owned by the Estonian energy company AS Alexela, Sunly AS owned by Baltic-Polish renewable energy […]
Ambri, a US-based energy storage solutions manufacturer, has signed a memorandum of understanding (MoU) with multinational conglomerate Reliance Industries to help the latter achieve its net-zero carbon targets. Under the MoU, Reliance Industries will receive Ambri pilot system as part of its broader energy storage system manufacturing plans and implementation in India. Reliance Industries is […]
Equinor has taken a final investment decision (FID) to construct the 25MW / 50MWh Blandford Road battery storage project in Dorset, the first commercial battery storage project of the Norwegian oil and gas company in the UK. To be realized in partnership with flexible electricity generation developer Noriker Power, the Blandford Road project will be […]
Nabors Industries, a provider of advanced technology for the energy industry, has invested $7 million in Natron Energy, a manufacturer of sodium-ion batteries based in California. Natron Energy intends to utilize the funds to expedite the production of its sodium-based battery technology at its facilities in Michigan with a focus on energy transition and industrial […]
Gujarat Alkalies and Chemicals Limited (GACL) and NTPC Renewable Energy Limited (NTPC-REL), a fully-owned subsidiary of NTPC Limited, have inked a memorandum of understanding (MoU) to partner in the field of renewable energy and green chemicals. Owned by the Gujarat government, Gujarat Alkalies and Chemicals Limited is a chemical and alkalis manufacturer. The MoU calls […]
Reliance Industries said that its fully-owned subsidiary — Reliance New Energy has agreed to acquire substantially all of the assets of Lithium Werks, a Netherlands-based lithium battery manufacturer, for a sum of $61m, which includes funding for future growth. The assets involved in the deal include the full patent portfolio of Lithium Werks, its manufacturing […]
UK-based Path Investments plc has signed a conditional sale and purchase agreement to acquire DG Innovate for £32 million. DG Innovate is a Bristol-based advanced research and development company focusing on developing novel electric motor technologies and energy storage solutions. It was established in 2009 by Martin Boughtwood, an engineer and inventor with more than […]