Energy Vault Scores $110Mn Softbank Investment (Ind. Report)
Energy Vault, Softbank
Tokyo-based Softbank Group is reporting a $110 million investment in Switzerland-based energy storage specialist Energy Vault. Energy Vault, which launched in 2018, is presently partnered with Mexican materials company CEMEX and Tata Power Company in India.
According to Energy Vault, its technology enables renewable energy to be stored in 35-ton bricks and delivered as baseload power for less than the cost of fossil fuels at any time.
The global energy storage market is expected to reach 22.2 GW in 2023, from nearly 5 GW at the end of 2018, according to a GlobalData report.
. (Source: Softbank, greentechlead, 15 Aug., 2019)
Contact: Energy Vault, Robert Piconi, CEO, firstname.lastname@example.org, www.energyvault.ch
SoftBank Group, www.softbank.jp/en
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Indian Grid-Scale Energy Storage System Underway (Int'l Report)
In New Delhi, AES India and Mitsubishi Corporation are reporting construction on India's first utility-scale energy storage system is underway. The 10 MW facility will serve the electric grid operated by Tata Power Delhi Distribution Limited (Tata Power-DDL). AES and Mitsubishi Corporation will own the Advancion Storage solution which is being supplied by Fluence. The installation is slated for completion before the year end.
The deployment of its first grid-scale energy storage represents the latest step forward in modernizing India's power system and improving grid efficiency.
(Source: AES India, Business Wire, 23 Jan., 2018)
Contact: AES India, www.aes-india.com; Tata Power DDL, www.tatapower-ddl.com; Fluence Energy, http://fluenceenergy.com
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Tata Power Solar Doubles Revenue (Int'l Report)
Tata Power Solar
Further to our March 13th coverage, Mumbai-based Tata Power subsidiary Tata Power Solar, formerly known as Tata BP Solar, reports its revenues have more than doubled in the last two years.
Earlier this year, Tata Power Solar doubled its cell and module manufacturing capacity from 200 MW to 400 MW,at its facility in Bengaluru.
Tata Power Solar has to date completed more than 330 MW of ground-mount utility scale and 140 MW of rooftop and distributed generation projects Indiawide.
Tata Power previously announced that its renewable business had surpassed 2,000-MW operating capacity with another 500 MW being under construction. The company added 1,350 MW of renewable capacity during the year.
Tata Power Solar manufactures solar cells and modules and provides engineering, procurement and construction (EPC) services to solar projects’ owners and developers.
(Source: Tata Power, Hindu Business Line, 29 May. 2017) Contact: Tata Power Solar, www.tatapowersolar.com
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Tata Power Solar Touts Manufacturing Capacity Expansion (Int'l)
Indian industrial and energy conglomerate Tata reports that its Tata Power Solar unit, the country's largest integrated solar company, has begun the expansion and modernization of its solar cell and module manufacturing facility in Bengaluru. The two-stage expansion doubles the company's module capacity to 400 MW and increases cell manufacturing capacity by 65 pct to 300 MW, according to a company statement.
(Source: Tata Power Solar, Business Standard, Others, 14 Mar., 2017) Contact: Tata Power Solar, www.tatapowersolar.com
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, India Solar
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