Daily News Wrap-Up: Tata Power Partners with NAREDCO to Install 5,000 EV Charging Points

California achieves 99.87% of electricity on the grid from renewable energy


Here are some noteworthy cleantech announcements of the day from around the world:

Tata Power signed a memorandum of understanding with the National Real Estate Development Council (NAREDCO), Maharashtra, to install up to 5,000 electric vehicle (EV) charging points across its member’s developer properties. Tata Power will provide a comprehensive EV charging solution across member developers of NAREDCO. This will include installation, maintenance, and up-gradation of the chargers as and when required. EV owners across NAREDCO’s member developers’ properties will have access to 24×7 vehicle charging, monitoring, and e-payments facilities through Tata Power’s EZ Charge mobile app. The chargers will be made available as public and semi-public charging stations based on the nature of the premises.

California set a new record by meeting 99.87% of electricity demand from clean, renewable energy on April 30, 2022, according to the California Independent System Operator (ISO). Momentarily, at 02:50 p.m. on April 30, the state’s energy demand was matched and met by renewable energy, a majority of it from solar. The California ISO is a non-profit public benefit corporation that provides comprehensive grid planning and open and non-discriminatory access to the networks of high-voltage transmission power lines.

Columbus, a global IT services and consulting company, and the Danish Embassy in India launched the “Digital Data Platform pilot for Efficient Management of Renewable Energy,” to be deployed at BSES Yamuna Power Limited (BYPL). The platform will facilitate BYPL in managing distributed energy resources in Delhi. The funding support was channelized through the Danish Embassy to optimize the storage and distribution of alternative energy sources. The digital solution brings together advanced cloud-based digital technologies to solve the real problems of the world. It will combine AI and Data Science techniques to predict the energy demand at consumption points like electric vehicle charging stations and energy generation capacity at solar rooftops, constantly assess the optimal energy storage requirements, and make informed decisions on when to discharge and consume energy from the power grid.

Tirex Chargers, an Ahmedabad-based EV charger equipment manufacturer, partnered with the Kerala State Electricity Board (KSEB) to set up a chain of EV charging stations across the state. In partnership with KSEB, Tirex will set up 29 EV charging stations in Kerala, each equipped with multiple charging points with both AC and DC charging. Tirex won the contract for establishing the 29 EV charging stations. The startup is also exploring opportunities for setting up charging stations in other states. Of the 29 EV charging stations to be set up in Kerala, 12 stations have already been established. For the convenience of EV users, Tirex has also partnered with GOEC Autotech for an exclusive mobile app. The app will provide details of all 29 EV charging stations and the real-time availability of charging points.

The International Finance Corporation (IFC) announced an investment of $10 million in the form of preferred equity in Vatia, a Colombian electricity retailer and aggregator, to help improve access to cleaner energy, contributing to the country’s climate commitments. IFC will also assist the company in obtaining financing of up to $36 million in long-term debt. IFC’s support would allow Vatia to acquire greenfield solar assets and strengthen its capital position, expanding and diversifying its generation capacity in Colombia. It is expected to help displace carbon-intensive and more expensive thermal generation, reducing around 55,000 tons of CO2 emissions annually. In addition, IFC’s investment will enable smaller businesses and commercial and industrial users to implement energy efficiency plans and additional savings.