New Delhi, March 20 (IANS) India’s stationary energy storage sector is witnessing rapid growth, with the total capacity of Battery Energy Storage Systems (BESS) projects in the pipeline reaching a record 92 GWh, according to a report released on Friday.The report by the India Energy Storage Alliance (IESA), also projected that cumulative installed capacity — currently below 1 GWh — could surge to 346 GWh by 2033.The sector has seen a sharp rise in activity, with 69 new BESS tenders totalling…
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Amaravati, Jan 23 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday asked banks to provide loans extensively to the renewable energy sector, saying the Central and state governments are giving top priority to the sector.Stating that power distribution companies (DISCOMs) are also providing counter-guarantees, he urged bankers to take the initiative in providing loans to the renewable energy sector.Presiding over the 233rd and 234th meetings of the State Level Bankers’ Committ…
New Delhi, Jan 14 (IANS) The Confederation of India Industry (CII) on Wednesday urged the government to introduce Green Hydrogen mandates to spur demand and enable a vibrant green hydrogen economy.Greening mandates backed by incentives should be used to overcome the substantial cost gap between green hydrogen and grey hydrogen, the industry body said.”The proposed Green Hydrogen Blending could be introduced for sectors like refining, fertiliser and natural gas with cost-offset mechanisms.The sec…