The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.
Energy storage is essential to capture solar and wind generation, Karnataka’s energy minister said, at the opening of the ‘first fully automated’ battery storage factory in India.
Energy storage-focused lithium-ion OEM Hithium has started mass production of the world’s first 1,000Ah+ battery cell, which it is targeting for long-duration energy storage (LDES) applications.