Reliance Industry's owner Mukesh Ambani is venturing into EV business and launched swappable and multipurpose battery storage technology for Electric Vehicles (EVs.) The new product was launched during "Battery Show" in Greater Noida. The new product launch is expected to be good in the EV market, which is expected to be of ₹49,000 crore business. Furthermore, this new product of Ambani's will be $10 billion clean energy push.
Courtesy: DNA India
PM Narendra Modi is scheduled to declare Gujarat's Modhera village in Mehsana district as India's first solar-powered village, with the installation of 1,000 solar plants, on October 9. Moreover, these solar plants installed over houses of villagers, will provide zero-cost, round-the-clock electricity to the residents, said the BJP-led Gujarat Government. Besides, the famous Sun Temple in Modhera will also get a 3D-Projection, under PM Modi's… read-more
Union minister Jitendra Singh launched India's first saline water lantern, on August 14, which powers up using seawater and charges the LEDs. The lantern was named "Roshni", and according to Singh, the lantern will bring "ease of living" to the poor and needy, especially those who belong to the fishermen community. The lamp can also be used in places where seawater is not available, by using normal water with salt.
At World Economic Forum in Davos, the Karnataka Government signed an MoU with ReNew Power, a leading renewable energy company. As per the inked MoU, the company will invest Rs 50,000 crore in the Karnataka Renewable energy sector in the next seven years. Signed in the presence of CM Bommai Basavaraj, the new proposal will bring green hydrogen, battery storage, and renewable energy units set up in Karnataka in phases.
PM Modi said that India can become the hub of green hydrogen given its inherent advantage in the form of abundant renewable energy power. In addition, addressing a webinar on "energy for sustainable growth" organized by the Ministry of New and Renewable Energy, PM stated that sustainable growth is possible only with sustainable energy sources. "We need to further modernize our sugar mills and distilleries," stated the PM.
Courtesy: Zee News
According to recent US-China research published in Proceedings of the National Academy of Sciences on October 19, prices of solar and coal power in China might become equal by 2023. China, the world's largest carbon emitter, may be approaching a turning point in its shift to renewable energy. China will have the capability to build solar electricity across the country at the same cost as coal in two years.
Courtesy: Hindustan Times
American solar panels manufacturer First Solar Inc. aims to set up a fully vertically integrated photovoltaic (PV) thin-film solar module manufacturing facility in India and is willing to infuse $684 million in the project. On approval from the Indian government, the company is expected to begin its operations in mid-2023. "India is an attractive market for First Solar," said Chief Executive Officer Mark Widmar.
Courtesy: Money Control
Bigwigs of India's fossil fuel industry like Reliance Industries Limited, Adani Green Energy, and Coal India Limited have announced massive-scale plans to convert to clean energy. These government and private sector companies have sparked fears of consolidation in the green energy market. Commenting on this huge change, Gautam Mohanka, Gautam Solar's MD said, "the renewable energy sector is already consolidating in favor of the organized… read-more
Tesla’s owner Elon Musk announced on July 21 that the company may resume accepting Bitcoin payments once it inspects the amount of renewable energy used to mine the currency. "Most likely Tesla would resume accepting bitcoin," Musk said. Less than two months after it had started accepting bitcoin for car purchases, the electric carmaker paused in May after the method incurred some losses due to extended trading.
Courtesy: The Economic Times
Madhusudhan Joshi, a 58-year-old professor at the Goa College of Pharmacy not only uses hybrid solar energy systems at his house but also sells electricity to govt and earns Rs 350 annually. Overstating his service, Joshi said when the cyclon Tauktae hit the West coast he helped his neighbors by charging their phones for three days. The system cost around Rs 5,80,000.
Courtesy: The Better India