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Fortum

European Commission approves further €2.9bn battery research project

Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.

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Exeger and ABB to build ‘light harvesting material’ fab in Sweden

Swedish company Exeger says the dye-sensitized ‘light-harvesting material’ it will produce at its facility will generate enough power to prevent the need to recharge portable electronic devices, lengthening battery lifespan perhaps indefinitely.

Has solar lost its sheen for India’s EV push?

While the nation’s recent Union budget announced steps to create an electric vehicle market, the solar sector still has issues that have not been addressed.

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Solar offers increasingly lower capex in Russia’s renewables auction

Three projects with generation capacities of 5.6-6 MW were pre qualified for a 5.6 MW capacity procurement and Finnish utility Fortum secured the only PV project selected. The capex figure offered by solar developers was lower than that for 71 MW of wind power allocated and lower than for previous PV projects.

Fortum pairs li-ion storage with hydropower plant in Sweden

The Finnish utility has switched on a 5 MW/6.2 MWh lithium-ion battery storage system at a hydropower plant in Sweden.

Lukewarm response as Indian state of Gujarat re-tenders 700 MW of PV

A reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate, 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous procurement was cancelled because the tariffs were deemed too costly.

Innovation boosts lithium-ion battery recycling rate to over 80%

Finnish clean-energy company Fortum has achieved a lithium-ion battery recycling rate of over 80% — against a current rate of 50% — with a low-CO2 hydrometallurgical recycling process.

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Rajasthan solar auction draws electricity price of just 3.5 US cents

Record-setting Acme Solar has secured a third of the latest procurement exercise in the state with a lowest bid of INR2.48/kWh. The tender was oversubscribed by more than 100% as offers came in for 1,620 MW of capacity.

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Russia’s RE auction concludes with surprisingly low bids

Hevel Solar and Fortum won the 148.5 MW worth of solar PV projects awarded in the auction. The Finnish utility, however, proposed a project CAPEX, which was almost half that of the Russian company’s.

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Fortum selling 54% shares of its 185 MW PV portfolio in India

The company was adamant that it will not exit the Indian PV market, after rumors last October suggested that the company will sell its PV assets in India. Now, the company reiterates its commitment and stresses that additional funding will be used to develop new assets.

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