Algeria, Austria, Germany, Italy, and Tunisia have agreed to develop the Southern Hydrogen Corridor linking North Africa and Europe, while Sungrow Hydrogen has signed a deal to supply electrolysis gear for ACME’s 320 MW green ammonia project in Oman.
India’s PM Surya Ghar Muft Bijli Yojana initiative (PM-SGMBY) could create a INR 1.2 trillion ($13.9 billion) opportunity for PV module, inverter, and component manufacturers, benefiting project developers and engineering, procurement, and construction (EPC) contractors, according to SBICAPS.
India could achieve self-reliance in battery cell manufacturing by domestically recycling lithium and reusing it in batteries, an Indian government official claimed this week at a battery manufacturing conference in in New Delhi.
Kolkata-based Exide Industries has invested INR 1.49 billion ($17.2 million) in Exide Energy Solutions through a rights offering. The investment will support the construction of a greenfield lithium battery plant in Bengaluru, India, in addition to other funding needs.
With COP24 climate change meeting looming, a German-led e-mobility and renewable energy alliance has signalled it is time for elected members to start delivering on carbon emission reductions before we pass the point of no return.
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