Energy

Sterling Tools forays into manufacture of latching relays for energy sector

The company has partnered with Zhejiang Meishuo Electric Technology Co., China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India

Testing of energy storage systems needed for transition: NITI Aayog member

India must establish nationally accredited testing facilities for battery energy storage systems to support its ambitious clean energy transition goal, suggested NITI Aayog member V K Saraswat on Thursday. According to a statement, speaking at FICCI's Energy Storage Conference 2024, he highlighted the significant gap in testing and certification infrastructure as India aims to deploy over 238 gigawatt hours of battery storage capacity by 2030 to balance its expanding renewable energy network. He called for authorising third-party testing and certification till the time the government sets up storage certification agencies. Saraswat underlined that India requires a universal standard for all types of energy storage systems. While the Bureau of Indian Standards has developed 17 specifications for energy storage systems, with more under development, he pointed out, the country lacks adequate facilities to verify compliance with these standards. He also underscored that coal will have

Targets unchanged a year after deal on tripling renewables by 2030: Report

A year after countries agreed to triple global renewable energy capacity to 11,000 gigawatts by 2030, a new report on Tuesday revealed that national targets still only aim for a collective doubling of capacity in the next six years. The report by global energy think tank Ember showed only eight countries have updated their renewable targets in the last 12 months, resulting in just a four-GW increase in overall renewable energy targets globally. The report analysed national 2030 renewable capacity targets for 96 countries and the EU as a bloc. These countries collectively account for 96 per cent of the world's renewable capacity, 95 per cent of global electricity sector demand and 94 per cent of global power sector emissions. Of the 96 countries, 83 have renewable capacity targets for 2030. At the UN's climate conference in December 2023 in Dubai, world leaders reached a historic agreement to triple global renewables capacity by 2030. The International Energy Agency (IEA) and ...

China's energy dominance gets boost from Trump's return to White House

China is responsible for nearly a third of the world's carbon footprint, about 2.5 times the US figure

Amit Shah inaugurates Gujarat's largest waste-to-energy plant in Ahmedabad

This significant Waste-to-Energy Plant, developed at Piplaj in collaboration with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily

Spanish President affirms aid for India's energy security, green transition

Spanish President Pedro Sanchez on Tuesday affirmed Madrid's commitment to help New Delhi enhance its energy security and green transition. He also said that the country is eager to advance negotiations for a free trade agreement (FTA) between India and the European Union. Addressing a business meeting in India's financial capital, the President of EU's fourth-largest economy spoke strongly for greater partnerships on the digitalization front between India and Spain, and also bought a Ganesh idol using the Unified Payment Interface (UPI) at a merchant here. "We will be eager to advance the negotiations on an EU-India FTA. It is something essential to build up our position in the world economy for our two markets to grow both in size and diversity," Sanchez, who is on a three-day visit to India, said. He said India and the 27-member bloc need to develop "ambitious proposals" for the agreement, negotiations for which were relaunched in 2022 after a nine-year hiatus. "I am confident

India to launch coal exchange soon: Coal minister G Kishan Reddy

"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up

India emerging as clean energy superpower, delivering beyond expectations

By 2026, the country will be able to assembly 172 GW of panels per year, according to Mercom India Research, a renewables consultancy

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Indore on a 100-day mission to become world's first energy-literate city

The Indore Municipal Corporation is partnering with the Energy Swaraj Foundation to educate and empower residents to adopt more sustainable practices over the campaign's duration

Daewoo targets Rs 500 cr revenue by FY27, plans to launch over 100 products

Korean brand Daewoo on Tuesday said it has set the target of achieving a revenue of Rs 500 crore by FY27 from India business and plans to launch over 100 products across multiple categories. Besides, the company is also looking to launch its own branded stores across the country, and aims to open 130 outlets by 2025-2026, it said. Daewoo, which re-entered the Indian market in October last year, has a diverse portfolio ranging from power and energy products such as batteries, solar panels, and inverters to consumer electronics items, including LED TVs and kitchen appliances. According to the company, the consumer durables market in India presents a substantial growth opportunity, as penetration levels remain relatively low with only 18 per cent of households owning air-conditioners and 33 per cent refrigerators while the washing machine ownership stands at 80 per cent. Daewoo aims to fill this gap with innovative, high-quality products that align with the changing lifestyle needs of

Maharashtra to source 50% of energy from non-traditional sources: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said that by 2030, Maharashtra will become the first state in the country to produce 50 per cent of its energy requirements from non-traditional power sources. Fadnavis, who is also the state's energy minister, was speaking at the foundation stone laying ceremony of Avaada Electro Pvt Ltd's integrated solar ingot - wafer, cell, module and electrolyzer manufacturing facility in Nagpur MIDC (Maharashtra Industrial Development Corporation). A lot of changes are taking place in Maharashtra in the field of solar energy sector, he said. In just two-and-a-half years, the Maharashtra government has approved 20,000 megawatt of solar projects in the state, the former chief minister said. In all these years since independence, the state has the capacity for 40,000 MW of solar energy, he noted. However, now in just one year, the capacity of solar pump storage project is 55,000 MW. Similarly, the capacity of wind and solar projects

Can't confirm report on nationalisation of energy companies: Kremlin

Russian authorities have repeatedly said they have no plans to de-privatise large companies, including oil and gas producers

Acceptability of new energy vehicles set to soar by end of decade: Survey

Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles (NEV) as the only option when considering a purchase by 2030, according to a survey. The buyers would be willing to pay a premium of up to 49 per cent for an electric vehicle above the cost of a comparable petrol/diesel vehicle, a survey from Urban Science and The Harris Poll has revealed. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this decade. The survey conducted online by The Harris Poll on behalf of Urban Science received inputs from various markets including India, the US, Australia, China and Germany. The survey stated that the positive outlook for NEVs in India is being fuelled by the rapid expansion of public EV charging network, with a noticeable presence in major cities and emerging in tier-2 cities. There are currently over 6,000 charging stations available in India across major

India draws strength from cooperation with US on sustainable energy: Puri

The Union Minister put forward his expectations that several MoUs will be signed between India and the US during his visit

Essar Energy Transition, SSE partner for 40MW green hydrogen project

Essar Energy Transition (EET) teamed up with UK gas-fired power generator SSE to build a 40 MW green hydrogen project in northwest England, the firm said on Tuesday. "SSE and EET Hydrogen have begun development work on the innovative project at the Stanlow Manufacturing Complex in Ellesmere Port in Cheshire," the firm said in a statement. Known as Gowy Green Hydrogen, it takes its name from the River Gowy and nearby Gowy Meadows Nature Reserve. The initial expected 40 MW facility will deliver hydrogen to industrial offtakers in the region to support them to decarbonise their operations, helping to secure and grow jobs in the region. Gowy Green Hydrogen could be operational as early as 2028, with feasibility studies completed and design and site investigation works underway, the statement said without giving financial details. "A planning application is expected to move forward in 2025 ahead of any final investment decision being made by the two parties," it said. The UK has a str

US imposes sanctions on companies, vessels linked to Russia's Arctic LNG 2

Novatek may be forced to scale back the project following a a raft of US sanctions including ones imposed in August

China to continue with low-carbon electricity reforms: Energy regulator

The world's second-biggest economy has emerged as a global leader in the transition to renewable energy

India, US explore technical exchange to upgrade grid transmission

India and the US have discussed and explored the possibility of technical exchanges on efforts to upgrade grid transmission to handle future load growth during a ministerial-level deliberations. Discussions also covered policy consultations and potential financial support to advance these modernization efforts, a power ministry statement said. In a bid to enhance bilateral cooperation in the energy sector, Union Minister for Power Manohar Lal, accompanied by Minister of State for Power and New & Renewable Energy Shripad Naik and senior officials held a productive discussion with the US delegation led by John Podesta, Senior Advisor to the President for International Climate Policy, it stated. During the discussion, Lal emphasized the longstanding bilateral partnership between India and the US, highlighting the shared commitment to a clean' energy future that fosters economic growth and development. The union minister further stated that Ministry of Power is committed to ...

IGL Q1 results: Net profit falls 8.6% to Rs 400 crore, revenue rises 3.4%

Total gas sale volumes rose 5.3% to 786 million standard cubic meters