Daily News Wrap-Up: Indian Army Partners with Tata Power to Set Up EV Charging Points
Cabinet Committee approves higher ethanol prices under the EBP program
Here are some noteworthy cleantech announcements of the day from around the world:
The Indian Army collaborated with Tata Power through its ‘Go-Green Initiative’ to set up 16 electric vehicle (EV) charging points in Delhi Cantonment. All charging stations can be used for both personal and official EVs in the cantonment. To encourage consumers, Tata Power has made it easy and user-friendly to access the charging stations through its EZ charge mobile app, available on all platforms. The Indian Army will be providing facilities for setting up these EV charging stations and arranging upstream power infrastructure to energize the chargers.
The Cabinet Committee on Economic Affairs approved a mechanism to procure Ethanol by Public Sector Oil Marketing Companies (OMCs). Under the new mechanism, the Cabinet approved higher ethanol prices derived from different sugarcane-based raw materials under the Ethanol Blended Petrol (EBP) program for the upcoming season of ethanol supply year (ESY) 2022-23 from December 1, 2022, to October 31, 2022. The program was extended with effect from April 1, 2019, to promote the use of alternative and environment-friendly fuels. The price of ethanol from the C heavy molasses route has been revised from ₹46.66 ($0.56)/liter to ₹49.41 ($0.60)/liter; the price of ethanol from B heavy molasses has increased from ₹59.08 ($0.71)/liter to ₹60.73 ($0.73)/liter and the price of ethanol from sugarcane juice/sugar/sugar syrup route has increase from ₹63.45 ($0.77)/liter to ₹65.61 ($0.79)/liter.
The U.S. Department of Energy announced a $43 million Renewables Advancing Community Energy Resilience fund for 23 new projects to boost the transition towards clean and sustainable energy. The RACER funding program is expected to enable communities to utilize solar and solar-plus-storage solutions to prevent power disruptions caused by extreme weather and other events. Through these projects, citizens would be provided with research and planned methodologies, tools, and technologies that can be replicated across the country as they work to install clean energy and strengthen grid infrastructure. The fund aims to help communities secure their energy future and support Biden’s goals to decarbonize the electricity sector by 2035 and achieve a net-zero economy by 2050.
Renewable energy company ACEN joined forces with Clean Energy Finance Corporation (CEFC) to develop an 8 GW clean energy portfolio, including solar, wind, battery, and pumped hydro. CEFC will be investing a total of $75 million into the project to help accelerate large-scale renewable assets across Australia. ACEN Australia currently has more than 1.5 GW of projects at an advanced stage of development and is expected to further use loans to develop its portfolio of Australian clean energy assets. The CEFC finance is part of ACEN Australia’s debt raise targeting A$600 million (~$377.09 million) and follows a A$140 million (~$87.98 million) long-term, green loan agreement with Japanese lender MUFG and a A$100 million (~$62.84 million) facility agreement with DBS Bank.
Tdafoq Energy of Riyadh, Saudi Arabia partnered with India-based Delectrik Systems for the distribution and manufacturing of a series of vanadium flow batteries with 10 kW, 40 kW, and 200 kW capacities. These batteries can also be connected to build systems of larger capacities. The systems are designed for use in residential, commercial, industrial, and grid-scale stationary energy storage applications. Following the partnership, Tdafoq will be exclusively selling Delectrik’s manufactured-in-India battery products in the gulf countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. Tdafoq is also setting up a local Flow Battery manufacturing plant in Saudi Arabia to serve the Gulf region, the production for which, will be scaled to a GWh capacity by 2025.