As predicted—action in Renewables now shifts to battery storage. Elon Musk built a 100 MW storage facility in Australia. Now Hyundai plans to build 150 MW storage park—again in Australia. Future bids are certain to come bundled with associated storage. Game changes fast!
Energy storage parks taking off, Hyundai Electric has built a 150 MW storage system in a $45 million contract for Korea Zinc in South Korea. A $160 million generation-cum-storage park is being set up in the US.
Whilst the Power sector continues to struggle with stressed assets and NPAs, one has to admit that Minister Gadkari, in his own vigorous way, has managed to substantively reduce the same in the roads sector. FE reports that `3 lac crs salvaged. Read More…
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