Omnicore Weekly #200 - 28 March 2025

Adani Energy Solutions Ltd (AESL) has formally acquired an interstate transmission system (ISTS) scheme for supplying renewable energy power to green hydrogen manufact

EET Hydrogen Power has unveiled its ambitious plans for Europe's first hydrogen-ready power plant. This groundbreaking combined heat and power (CHP) plant is set to be

GreenHy2, an Australian company, has entered into a significant agreement with H2Core, based in Europe, to advance supercapacitor and hydrogen storage technologies. Th

Researchers from Dalian Institute of Chemical Physics (DICP), part of the Chinese Academy of Sciences have developed a dual-level chainmail integrated-electrode that s

India's green hydrogen ambitions face challenges due to pricing hurdles and policy shifts. While the country aims to export over half of its targeted 5 million metric

Nel Hydrogen US, a subsidiary of Norwegian company Nel ASA, has received a purchase order for a 2.5 MW containerized PEM electrolyzer for the Aberdeen Hydrogen Hub pro

CERC approved NHPC’s delayed petition for 3000 MW ISTS Grid Connected Solar Tariffs, with final rates of ₹2.52-₹2.53/kWh and a ₹0.07/kWh trading margin. NHPC f

Spanish developer Zelestra has secured a long-term contract with SJVN to supply Firm and Dispatchable Renewable Energy in Maharashtra. The project will integrate 250 M

Flexible mounting systems are increasingly vital in Solar Projects, ensuring ecological sustainability and adaptability to diverse terrains. DAS Solar leads innovation

Acciona Energía secured a €263 million syndicated loan, backed by Cesce, for the Aldoga Solar Farm in Queensland, Australia. The €390 million project will install

Australian coal exporter Newcastle Coal Infrastructure Group (NCIC) has signed a power purchase agreement (PPA) with Lightsource bp’s 450-MWac/585-MWdc Goulburn Rive

As per the recent trends of the request for proposal & site applications US utilities will add more than 18.5GW of energy storage capacity. The bill, S.B. 2967, ad

OCI Holdings will establish a Solar Cell Plant at its U.S. subsidiary, Mission Solar Energy, investing $265 million. The facility aims to begin 1GW production in early

The Pacific Green Technology sold Limestone Coast North Energy Park to Intera Renewable for AUD 460 million. The LCNEP 250 MW/500 MWh battery energy storage system (BE

NTPC Renewable Energy Limited (NTPC REL) has issued a tender for a Land and Power Evacuation Package for the Development of 240 MW ISTS connected Solar PV Projects wit

German Companies LEW Verteilnetz and Eon-owned Bayernwerk have launched pilot schemes for their proposed feed-in socket solution to grid capacity constraints. LEW Vert

Enersea and IX Renewables have signed an MoU to enhance collaboration in Offshore Wind. IX Renewables specializes in EPCI management, while Enersea provides engineerin

Sweden Based developer Cellifon is exploring in the field of energy storage components and developing PFAS free membranes for energy storage. The fact they came out wi

Several Tata Group companies, including Tata AutoComp, TCS, Tata Technologies, and Tata Electronics, are key suppliers to Tesla, contributing to $2 billion in Indian s

Hero MotoCorp shares rose over 3% on Friday after announcing a ₹525 crore investment in Euler Motors to enter the three-wheeler market. The stock peaked at ₹3,711.

The Chilean PPA related to under-construction of Tarapacá region provides 600GWh renewable power per year. The Chilean PPA related to under-construction of Tarapacá

Montra Electric and Steam-A have partnered to integrate the Iris EV Charging Management Suite into Montra’s Powerdock network. This collaboration enhances Montra’s

Coreshell, a battery technology company, secured $24 million in funding to scale production of its lithium-ion battery anodes made from 100% domestically sourced metal

Nissan Motor Corp. and SK On signed a $661 million agreement to supply 100 GWh of high-nickel batteries from 2028 to 2033 for Nissan’s EV production in North America

Vinssen Co., Ltd., a maritime decarbonization technology specialist based in South Korea, has achieved a significant milestone by receiving Type Approval from RINA, th

Qualitas Energy and Mirova have formed a joint venture, Italian Renewable Platform, to develop, build, and operate up to 250 MW of Renewable Energy Projects in Italy.

Avaada Group has commissioned 5.2 GW of Renewable Energy across nine states under its subsidiary, Avaada Energy. With 14 GW secured through long-term PPAs, it aims for

Acen Australia has sold 50MW/100MWh 2-hour hybrid Duration hybrid solar + BESS Project in Victoria to developer Fotowatio Renewable Ventures Australia. The project fea

According to the professor Monash Energy Institute there is an opportunity in the market for an organization willing to combine innovative approaches in community batt

TKIL Industries based in Mumbai, India, has set an ambitious goal of achieving Rs.1,000 crore in green hydrogen revenue by 2030, driven by annual investments of Rs.40

Coca-Cola is set to unveil the world's first hydrogen-powered vending machines at the World Expo 2025 in Osaka, Japan. Developed in collaboration with Fuji Electric, t

HyIron's Oshivela plant in Namibia has achieved a milestone by producing its first green hydrogen using a 12MW electrolyzer powered entirely by solar energy. The plant

Canada has backed HTEC's $472 million hydrogen liquefier project in British Columbia with a $49 million investment through the Strategic Innovation Fund. The facility

Green Cat Hydrogen (GCH) has announced plans to construct a green hydrogen facility in Dumfries and Galloway, Scotland. The project aims to produce over 4,000 tonnes o

Thyssenkrupp's €3 billion green steel project in Duisburg, Germany, faces economic uncertainty due to high hydrogen costs. The facility, designed to produce 2.5 mill

Sungrow has invited more than 300 participants from more than 20 European Countries to Munich last week. The summit was being held to raise the issue that renewable re

CERC approved tariffs of ₹2.52/kWh and ₹2.53/kWh for SJVN’s 1,200 MW ISTS-Connected Solar PV Projects. However, it rejected a fixed trading margin, stating it mu

U.S. President Donald Trump issued an executive order reversing Biden-era policies that supported clean energy manufacturing under the Defense Production Act (DPA). Bi

India’s Solar Capacity has grown at a 38% CAGR over the past decade, now making up over 60% of its Renewable Energy portfolio. In FY2024, India added a record 24.5 G

The Singaporean Infrastructure developer Equis has reached to the Financial close of Calala BESS and begin its construction. It has borrowed AUD 260 million of non-rec

CERC approved tariffs of ₹3.98/kWh and ₹3.99/kWh for SJVN’s 600 MW ISTS-connected Wind projects. SJVN awarded 170 MW to Adyant Enersol and UPC Renewables. CERC v

Actis, a global investor in sustainable infrastructure, has acquired a 100% stake in Stride Climate Investments from Macquarie Asset Management. The deal includes a 37

SoH (State of Health) of Batteries refers to the ratio between a battery’s actual storage capacity and its original, nameplate capacity. Though the metric cannot be

India’s Wind Energy Capacity has reached 48.5 GW, with 223 MW added in February 2025, bringing total FY25 additions to 2,702 MW. This marks an increase from 2,520 MW

The Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to replace 110 old Windmills in the state's Western Region with hybrid Wind-Solar plants. Inspections ha

BC Jindal Group gets LoA for the 300MW solar+ storage project from NHPC. This project is part of NHPC’s 1200 MW inter-state transmission system (ISTS)-connected sola

Dajin Heavy Industry Co Ltd signed a $135 million contract with a European Energy firm for an Offshore Wind Project. This deal strengthens Dajin’s role in the Renewa

Borosil Renewables, a Mumbai-based Solar Glass manufacturer, is investing Rs 900 crore to expand its Bharuch, Gujarat plant from 6.5 GW to 10 GW by July 2026. The expa

The Delhi Government is set to unveil its Electric Vehicle Policy 2.0 next month, aiming to boost EV adoption. The policy mandates that new buildings allocate 20% of p

The Kerala government is finalizing its Green Hydrogen Policy and Integrated Power Policy as part of a long-term plan to achieve 100% renewable energy by 2040 and net

U Power Limited (NASDAQ: UCAR), a pioneer in EV battery swapping, has partnered with SUSCO Public Company to expand its UOTTA battery-swapping system across Thailand�

The Bengaluru Division of South Western Railway is launching EV battery-swapping kiosks at KSR Bengaluru City, SMVT, Banaswadi, and Yelahanka stations. These kiosks, o

Berlin-based battery manufacturer Theion has secured €15 million in Series-A funding to develop its next-generation crystal sulphur batteries, which weigh one-third

India’s anti-dumping duty on Solar Glass imports may raise domestic Solar Module prices by 3-5%, making them costlier than Chinese counterparts. The duty, imposed fo

Poland’s government approved draft legislation to ease restrictions on Onshore Wind Farms, aiming to boost Renewable Energy. The law reduces distance requirements fo

The EV revolution is rapidly transforming transportation, with charging infrastructure playing a crucial role. EV charging guns, vital connectors between vehicles and

Developer Squadron Energy gets approval from Australian government’s Environment Protection & Biodiversity Conservation Act to develop 1000MWh hybrid wind + stor

Telangana Power Generation Corporation Limited (TGGENCO’s) has completed the auction for a 250MW/500MWh standalone BESS in Telangana. The auction resulted in a compe

Greece Regulatory Authority for Energy, Waste & Water has published the result of third auction of Standalone BESS where subsidy has been for 189MW BESS. The initi

A battery Storage project integrating five different Technologies is taking shape in a suburban district of South Shanghai China. Once completed, Fengxian Xinghou Comp

Indian power transmission company Sterlite Power has proposed a $5-6 billion investment to establish a dedicated electricity grid for green hydrogen projects in Egypt.

Sun Drops Energia, a subsidiary of KPI Green Energy, has received a Letters of Award for developing 13.80 MW Solar Power Projects under its Captive Power Producer (CPP

Aramco has finalized its acquisition of a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), situated in Jubail, Saudi Arabia. This acquisition is strategic,

In the Latest Chinese tender bid bidders quoted price below $69/KWh highlighting tough competition in the world’s biggest BESS market. The results announced last wee

The Croatian government has allocated a 15 million euro grant to INA for a 45.5 million euro green hydrogen project aimed at the transportation sector. The initiative,

Lomarlabs, the innovation arm of Lomar Shipping, based in London, has partnered with Newlight to introduce hybrid hydrogen-diesel engine retrofits aimed at cutting gre

Six Japanese companies, including IHI Corporation, Hokkaido Electric Power Co., Mitsubishi Gas Chemical Company, Mitsui O.S.K. Lines, Mizuho Bank, and Tokyo Century Co

In Germany, the energy storage sale commercial & industrial level grew by 23% as companies chased electricity cost savings rather than the previous desire to burni

Shirdi Sai Electricals' CMD, N Visweswara Reddy, shared that the company's Rs 69,000 crore Solar Plant will begin its first phase of commercial production by December

Senvion India has achieved a major milestone, surpassing 1 GW of installed Wind Turbine capacity in India. The company also completed 500 nacelles and 500 Wind Turbine

NTPC Limited has issued an EPC tender for a hydrogen refueling station in Bhubaneswar, Odisha, as part of its green hydrogen mobility initiative. The project encompass

Chile's economic development agency, Corfo, has selected three companies to establish electrolyzer production facilities in the country. These include two Chinese comp

The 13 companies are involved in spent lithium battery recycling in India, with seven using hydrometallurgical processes. India’s lithium battery market is set to gr

Ecofy Finance Pvt., an Indian NBFC, secured a $12.5 million long-term loan from Denmark’s IFU to expand its Electric Vehicle and Rooftop Solar loan portfolio. This f

Suzlon Energy has received a "Buy" recommendation from MOFSL with a target price of Rs 70, implying a 21% upside. The company, a global leader in wind energy with 20.9

Adani Group refuses to compromise on the initially agreed tariff of $0.0826/kWh for the 484 MW Wind and Transmission project in Sri Lanka, despite concerns from Sri La

TPG, leading a consortium with investors like Murugappa Group’s Vellayan Subbiah and ex-JSW Group’s Prashant Jain, is set to acquire Siemens Gamesa Renewable Power

Apple announced a $99.2 million investment in China to expand clean energy sources, aiming to achieve 100% Renewable Energy in its supply chain by 2030. The second Chi

The Asian Development Bank (ADB) and Shriram Finance Limited signed a $150 million loan agreement to improve financing for micro, small, and medium-sized enterprises (

Delhi Chief Minister Rekha Gupta presented her maiden budget, focusing on making the region self-sufficient in energy. She allocated ₹50 crore for the "PM Surya Ghar

Copperbelt Energy Corporation (CEC) plans to invest $500 million by 2026 to enhance Solar Power Generation and upgrade its Transmission link between Zambia and the Dem

BattRE, an Indian electric scooter manufacturer, reported an 18% revenue increase in FY24, rising to Rs 102.5 crore from Rs 87 crore in FY23. However, profits remained

BYD, China’s top EV maker, surpassed $100 billion in revenue for the first time in FY24, reaching $107 billion, outpacing Tesla. It also achieved a 34% net profit ri

Aditya Birla Group Chairman Kumar Mangalam Birla announced that Hindalco Industries will invest Rs 45,000 crore (USD 5.4 billion) in India’s metal sector, focusing o

Battery Energy Storage system integrator Fluence with the AI powered bidding optimizer software Mosaic to co-optimize Gentari Renewable for 172MW/408MWh Maryvale solar

Trafigura has decided to abandon its plans for a $471 million green hydrogen plant at Port Pirie in South Australia. The project, initially announced in 2021, aimed to

Rux Energy and Bureau Veritas (BV) have initiated a Joint Development Project (JDP) to certify hydrogen storage solutions using nanoporous technology. This collaborati

During the 2025 Airbus Summit which took place in Toulouse, France, on March 24-25, 2025, Airbus showcased advancements in hydrogen-powered aviation technologies. The

Agastya Hydrogen has announced a strategic partnership with Simple H2 PSA in Poland to accelerate the adoption of green hydrogen solutions. This collaboration aims to

KEYOU and Bücker + Essing, part of the Elevion Group based in germany, have entered into a strategic partnership to convert diesel engines to hydrogen operation. This

Lawrence Livermore National Laboratory (LLNL), located in Liverpool, California, USA and Verne have demonstrated a groundbreaking method for hydrogen densification. Th

Rooftop Solar installations in India's Commercial and Industrial (C&I) sector are projected to grow from 4.5 GW in 2023 to 7.5 GW in 2025. Industry leaders highlighted

Oil and Natural Gas Ltd (ONGC) has announced a Rs 3,300 crore investment to boost its wholly-owned subsidiary, ONGC Green Limited (OGL). This will enable OGL to acquir

K2 Infragen has announced its entry into the domestic Renewable Energy sector with a 68 MW Solar Power Project in Gujarat, part of a 450 MW initiative by Coal India Lt

Indian Renewable Energy Development Agency (IREDA) raised Rs 910.37 crore through privately placed subordinated Tier-II bonds with a 7.74% coupon rate and a 10-year te

Polish Utility propose to add 10GWh Energy Storage target in the next ten years. Its plans involve more than 80 projects, the value of which is estimated at around PLN

BluPine Energy announced it has secured Rs 1,787 crore in structured financing from NaBFID to enhance its Renewable Energy portfolio. The deal focuses on 14 Special Pu

AMPIN Energy Transition announced securing a $50 million investment from Siemens Financial Services, enhancing its role in India's Renewable Energy transition. This fu

Waaree Energies has announced plans to expand its manufacturing capacity with a new 1.6 GW module line in Brookshire, Texas, and an additional 3.2 GW module line in Ch

There is a conflict going on the where battery subsidy is about to get over in this coming fiscal but domestic manufacturing still demands government support to develo

NTPC announced the commissioning of its 245 MW Nokh Solar Project in Rajasthan, raising its total installed capacity to 59,413 MW (standalone) and 77,806.50 MW (group)

German commercial battery maker Tesvolt to develop its new Forton system to accommodate the fact that it can operate the batteries for two full cycles. With Forton sup

The Central Electricity Regulatory Commission (CERC) ruled on Juniper Green Energy’s petition against Damodar Valley Corporation (DVC) and REC Power Development and

France Total Energy has announcement it will invest €160 million in six German BESS with a total energy capacity of 221 MW, developed by Kylon energy last year. With

The Central Electricity Regulatory Commission (CERC) approved tariffs ranging from ₹3.43 to ₹3.46 per kWh for NTPC’s 1000 MW ISTS-connected wind-solar hybrid pow

Chinese electric car giant BYD plans to establish its first manufacturing unit near Hyderabad, making Telangana the first Indian state to host a BYD factory. The Telan

The Maharashtra government will retract its decision to impose a 6% motor vehicle tax on electric vehicles over Rs 30 lakh, announced Chief Minister Fadnavis. The stat

The Maharashtra Electricity Regulatory Commission has approved the Maharashtra State Electricity Distribution Co. Ltd 250MW/500MWh BESS with additional green shoe capa

On March 25, Finance Minister Nirmala Sitharaman announced the removal of import duties on 35 capital goods for EV battery production and 28 components for mobile phon

Hyundai Motor Group plans to invest $21 billion in the U.S. from 2025 to 2028, focusing on enhancing manufacturing, technology, and energy infrastructure. This include

Energy Developer KNESS has secured a €9.6 million (US$10.35 million) loan from Ukraine’s state-owned bank Oschadbank for a battery storage project in Ukraine. &nbs

HDRE & ZEN Energy has secured the total of 795MW greenfield solar & storage portfolio including four projects in Australia. The projects are spread across Aust

Bridge and Roof has issued a tender for the development of a 100 MW Solar Project for SJVN Green Energy in Rajasthan. The project involves EPC services, including thre

In 2024, Envision Energy secured a record 30.6 GW in turbine orders, ranking among the top companies globally for both orders and installations. It excelled in interna

Gujarat-based SASA Energy is expanding its Solar Module manufacturing capacity by 600 MW, focusing on mono-PERC, bifacial, glass-to-glass, and Topcon modules. The comp

Battery energy storage system (BESS) technology can help provide both front-of-the-meter (FTM) and behind-the-meter (BTM) solutions to help states manage load growth.

Indian Railway Finance Corporation Ltd (IRFC) signed a ₹5,000 crore rupee term loan agreement with NTPC Renewable Energy Limited (NTPC REL) on March 25, 2025. The lo

The US based solar & energy storage developer Solar Insure came up with the innovation of 30-year warranty solar battery residential storage. The new SI-30 battery

NTPC Limited and NTPC Green Energy Ltd (NGEL) signed agreements worth Rs 96,000 crore with the Government of Chhattisgarh at the Energy Investors Summit-2025. These in

Noida-based GP Eco Solutions India Ltd. has received a Letter of Award (LoA) from UPNEDA for two Solar Projects totaling 5.3 MWac, valued at INR 30 crore. These includ

Waaree Renewable Technologies Ltd (WRTL) has received a Letter of Award for a 170 MW AC / 255 MW DC Solar Power project worth Rs 232.30 crore. The project includes Eng

Copenhagen Infrastructure Partner join hands with GCSS GC Storage Service for a 2.3GW pipeline of large-scale standalone BESS project in Italy. The projects are spread

Surya International, part of Group Surya, announced an Rs 80 crore ($9.6 million) investment to expand its Solar Module and Energy Storage Battery manufacturing in Khu

Engie Chile has launched commercial operations of its 344 MW Kallpa Wind Project in Taltal, northern Chile. The project, featuring 57 Wind Turbines, generates approxim

Goldwind's 450MW Bashan Wind Project in Tasmania has been added to Australia's National Renewable Energy Priority List, speeding up regulatory assessments. The project

NHPC has invited bid of 1200MW of solar along with the energy storage with the green shoe option of 600MW/2400MWh. Interested bidders can access the tender documents t

Goldwind's 450MW Bashan Wind Project in Tasmania has been added to Australia's National Renewable Energy Priority List, speeding up regulatory assessments. The project

In 1899, a US Customs official claimed all inventions had been made, overlooking future innovations like space travel and the internet. Fast forward to today, Porsche

BYD is rolling out its new 1,000 kW fast chargers in early April, with 500 chargers ready for installation alongside the launch of the Han L and Tang L EVs. The compan

IIT Madras launched ‘Zero e-mission,’ a set of e-Mobility initiatives aimed at accelerating India's EV transition. Led by the Department of Engineering Design, it

Exicom, a leading EV charging manufacturer in India, has partnered with IONAGE, a top EV charging software provider, to create a unified, accessible charging ecosystem

Servotech Renewable Power System Ltd. (formerly Servotech Power Systems Ltd.) has been granted a 20-year patent for its innovation, "System and Method for Peak Shaving

Wales is set for economic growth with a £250m investment from Vishay Intertechnology, enhancing the UK’s semiconductor production, crucial for the electric vehicle

The Commission has framed the draft OERC (Procurement of Energy from Renewable Sources and its Compliance) Regulations.