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India Grid Trust on Wednesday said it has commissioned its first battery energy storage system (BESS) project coupled with its solar panels at the Dhule substation in Maharashtra. The project will meet the substation's auxiliary consumption requirement, a company statement said. It will not only "reduce our emissions but also act as a prototype for expanding our presence in energy transition opportunities in the sector," it stated. This facility will also act as a test bed for augmenting IndiGrid's capabilities to participate in energy transition opportunities in solar and BESS space, Chief Executive Officer, Harsh Shah said. "As operations at this project stabilize, we look forward to replicating similar systems across our other substations and reduce emissions of our operations," he added. IndiGrid is the first infrastructure investment trust in the Indian power sector. It owns 17 power projects, consisting of 46 transmission lines with more than 8,416 ckms (circuit kilometers)
Hero Electric on Monday said it has entered into a long-term partnership with Maxwell Energy Systems for the supply of advanced battery management systems. Under the partnership, Maxwell will supply more than 10 lakh units of its battery management systems (BMS) over the next three years to Hero Electric, the company said in a statement. Hero Electric CEO Sohinder Gill said the BMS solution from Maxwell will help the company provide safe and performance-oriented EVs to its customers. "This partnership will also help us build the local supply chain and support the Make in India mission, further reducing our import dependency. With Maxwell on board, we now have two solid reliable partners to future proof our battery designs," he added. Maxwell's newly designed automotive-safe BMS supports multiple chemistries and configurations to cater to the entire e2W range of Hero Electric. It also comes with additional technical capabilities such as high-side switching and hot-plugging for seaml
Electric vehicle (EV) charging station business may require an investment to the tune of Rs 1.05 lakh crore by 2032 as the country is expected to need 2.30 lakh such facilities during this period, a report said on Wednesday. This massive investment will be required to cater to the growing demand for EVs, which is expected to grow at a compounded annual growth rate (CAGR) of 39 per cent, and the resultant requirement of power, credit ratings agency India Ratings and Research (Ind-Ra) said in its report. It also said that commercial EV charging stations are expected to be a major contributing factor in the penetration of these vehicles. Ind-Ra also believes EV penetration for the overall automobile industry would reach 40 per cent by FY32 from about 4 per cent this fiscal. According to the report, government's incentive schemes such as the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) and PLI (Production Linked Incentive) schemes for advanced chemistry cel
India will have a battery storage potential of 600 gigawatt hour (GWh) by 2030, and demand for electric vehicles, stationary storage and consumer electronics will mainly drive adoption of battery storage, a Niti Aayog report said. The report further said a coherent regulatory framework incentivising all stakeholders to participate in the recycling process will help in the development of a battery recycling ecosystem in the country. "Based on our analysis, the total cumulative potential for battery storage in India will be 600 GWh by 2030 considering a base case scenario and with segments like EVs and consumer electronics projected to be major demand drivers for the adoption of battery storage in India," it said. According to the report, the current deployment of lithium-ion batteries (LIBs) in India is dominated by consumer electronics, which comprises smartphones, laptops, notebooks, tablets and is further expected to grow with the digitalisation of platforms and the integration