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tritonmarketresearch · 2 years ago

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BIPV Market: Trends Supplement Large-Scale Solar Systems Adoption

As per the International Energy Outlook, the global power demand is expected to rise by 80%, requiring an investment of around $19.7 trillion by 2040. Also, the Paris Agreement set a target of limiting global warming temperature below 2° Celsius, preferably 1.5° Celsius. This has influenced governments to seek innovative ways to reduce emissions while meeting energy demand, which has paved the way for photovoltaic materials in buildings. Triton’s analysis estimates that the global building integrated photovoltaics market will propel at a CAGR of 17.31% during the forecast period 2023-2030.

Building integrated photovoltaics serves the dual purpose of being the outer layer of a building and a power generator. This, in turn, has opened a new frontier in green infrastructure, influencing architects to develop energy-efficient and aesthetically appealing buildings. For instance, Ubiquitous Energy’s transparent solar window panels, UE Power, have emerged as an aesthetically appealing power-generating alternative to conventional windows.

BIPV Revolution: Trends Reshape Energy Landscape

According to the International Renewable Energy Agency (IRENA) , around 90% of the world’s power can be generated with renewable energy by 2050. Since buildings consume high amounts of energy, BIPV integration will facilitate their transition from energy users to producers. On that note, the notable trends reshaping the market are:

Governments perceive investing in green energy solutions as an opportunity to attain GHG reduction targets. Hence, over the past few years, authorities worldwide have employed various measures to stimulate the adoption of sustainable technologies, including BIPV modules, across residential, commercial, and industrial sectors. For example:

As per the Indian Ministry of New & Renewable Energy (MNRE) , the government has implemented the production-linked incentive (PLI) scheme for high-efficiency solar PV modules with an outlay of INR 24,000 crore, to achieve domestic manufacturing capacity of solar PV cells and modules.

In 2021, the German government amended the Renewable Energy Act by establishing grid priority to drive the onshore wind, solar PV, and biogas growth. The government proposed to increase its solar capacity installations to 100 GW by 2030.

The Chinese government also formulated a policy that requires all new buildings to conform to energy guidelines modeled after LEED specifications. This policy combines a recent initiative to reconstruct 50% of residential high-rise buildings. The country is anticipated to add more than 600 GW of solar power by 2030.

Reaping the benefits from such incentives, the industrial sector leads the BIPV market at 39.54%. However, over the forecast period 2023-2030, the commercial sector is expected to witness the fastest growth at 17.38%.

As per IEA, the global solar PV generation reached around 821 TWh in 2020, a whopping 23% increase from 2019. The energy association also stated that next to utility-scale deployment, distributed applications on buildings contribute to around 40% of PV use globally. In this regard, rooftop-based applications are alleviating the burden on the distribution grids, enabling companies and households to pay lesser energy bills while reducing emissions. Moreover, the cost of installing rooftop PV systems reached around $1 per watt. Hence, roofing captures the majority of the market share at 55.69% in terms of application.

China drives the global market, followed by the US, European nations, and Japan playing a major role. The rise in installations from around 19.4 GW in 2017 to 27.3 GW in 2021 was the key aspect that made China a leader in rooftop installations. For instance, Shanghai and Dezhou have acquired the title of ‘Solar City’, which features a large fleet of rooftop solar water heaters. Besides, the Net Zero Energy Building mandate across China is expected to accelerate the PV roofing segment, with solar tiles gaining major traction. Hence, these developments are expected to widen the scope of the Asia-Pacific BIPV market over the forecast period 2023-2030.

IEA projects that photovoltaic systems are estimated to account for approximately 14% of the total power generation by 2050, owing to the rising detrimental impact of fossil fuels. In fact, the organization stated that PV systems saved more than 860 million tons of C02 in 2020. The construction industry is highly innovative in the commercial sector owing to the development of cost-effective zero-emission green facilities.

As per IRENA, Germany ranks fourth in solar energy production globally. In 2021, the nation installed solar capacities of almost 60 GW, an increase of 5.3 GW from 2020. These actions are based on the country’s aim to obtain a 65% share of the renewable energy sector by 2030. Moreover, the Energy Efficiency Strategy for Building suggested advanced technology development to achieve the goal of a virtually climate-neutral building stock by 2050. Hence, the growing focus on sustainable energy sources fuels the overall Europe BIPV market, spearheaded mainly by Germany.

PV Cost Reduction: A Driving Force for Market Players

Since photovoltaic systems generate energy with around 42% efficiency using multi-junction cells, they have emerged as an ideal alternative over complex installations, such as wind turbines. As per the UN, between 2010 to 2020, the cost of power from solar systems plummeted by around 85%. This highlights the question:

What induced PV cost reduction?

The significant cost decline is mainly because of overproduction and higher investment in PV modules. Another factor is the efforts by Chinese suppliers and wholesalers to reduce the stock held in European warehouses to prevent anti-dumping and anti-subsidy tariffs. This oversupply, from China to Europe thus shrunk the cost of silicon. Such developments led energy solutions supplier Sungrow to supply products to the world’s largest BIPV plant (120 MW) in Central China’s Jiangxi Province. Therefore, the increasing efficiency, ease of installation, and decreasing cost of PV modules over conventional sources like coal and natural gas are expected to open new avenues for players in the building integrated photovoltaics market.

#building integrated photovoltaics market #bipv market #bipv #energy industry #power industry #market research report #market research reports #triton market research

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news365timesindia · 9 days ago

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[ad_1] Lauding Prime Minister Narendra Modi’s first visit to the UAE in 2015, External Affairs Minister S Jaishankar highlighted the growing strength of India-UAE relations, stating that both countries are now in an “era of new milestones”. Speaking at the launch of Symbiosis International University’s campus in Dubai on Thursday, Jaishankar noted that the ties between India and the UAE have reached new heights, driven by key collaborations in sectors like fintech, renewable energy, infrastructure, and defence. Jaishankar pointed to Prime Minister Narendra Modi’s historic visit to the UAE in 2015, which was the first visit by an Indian Prime Minister in over a century to the emirate state, marking a significant turning point in bilateral relations. “India-UAE ties are today truly in an era of new milestones. Prime Minister Narendra Modi’s historic visit in 2015 was the first in the century, and so are our Comprehensive Economic Partnerships for negotiating on record time,” Jaishankar said. “Fintech linkages like RuPay-Jaywan or UPI-AANE are also the first in the domain. The activity and collaborations that we are constantly expanding, be it renewable energy, infrastructure, digital tech, defence or security. They are all path-breaking in their own way,” he added. He emphasised that the launch of the Symbiosis campus in Dubai is part of a broader trend that reflects the growing educational and cultural exchanges between the two countries. “This campus and your education are part of a larger trend that has seen India and the UAE come close in an unprecedented way,” he said. Jaishankar also addressed the youth, acknowledging that they face both extraordinary opportunities and formidable challenges. India and the UAE established diplomatic relations in 1972. While the UAE opened its Embassy in India in 1972, India opened its Embassy in the UAE in 1973. The traditionally strong bilateral relations between India and the UAE gained new momentum when Prime Minister Narendra Modi visited the UAE in 2015, the first visit by an Indian Prime Minister in 34 years. This marked the beginning of a new Comprehensive and Strategic Partnership between the two nations. In 2022, India and the UAE signed the Comprehensive Economic Partnership Agreement (CEPA) during a virtual summit between PM Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan. From the UAE, there have been multiple visits by President Sheikh Mohamed bin Zayed. In 2016 and 2017, he visited as Crown Prince of Abu Dhabi. In September 2023, he visited India as the President of the UAE to attend the G20 Leaders’ Summit. In November 2023, he participated in the 2nd Virtual Global South Summit. In January 2024, he visited Gujarat to attend the 10th Vibrant Gujarat Global Summit as the Chief Guest. On the matter of educational ties between the two nations, more than 100 international Indian schools are there in the UAE following the CBSE and Kerala Board curricula, with mostly children of Indian expatriates settled in the UAE. A tripartite MoU was signed on 15 July 2023 between the Ministry of Education of India, IIT Delhi and the Abu Dhabi Department of Education & Knowledge (ADEK) to establish an overseas campus of IIT Delhi in Abu Dhabi. Other leading Indian institutions like Manipal, BITS Pilani and Amity University also have set up their campuses in the UAE. [ad_2] Source link

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news365times · 9 days ago

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darkmaga-returns · 15 days ago

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AOC Calls for for Armed Resistance. Trump Names New WH Chief of Staff. Putin congratulates ‘courageous’ Trump. Gaza religious leader condemns Hamas. Israeli soccer fans attacked by Arabs in Amsterdam

Lioness of Judah Ministry

Nov 08, 2024

Alex Soros Shocked That the Incumbent Political Order Is Being Crushed Around The Globe

"This is the first time this has ever happened in almost 120 years of records." - Alex Soros

Almost exactly one year ago, we wrote that 2024 would be the busiest political year on record....... and it certainly has delivered, including these main highlights.

The Taiwanese election in January 2024

Indian elections in April/May

European Parliamentary elections in June

The US Presidential Election in November.

So with the main events of 2024 now in the rearview mirror we can conclude that this has been a catastrophic year for incumbents at elections.

AOC Appears to Call for Armed Resistance Against Trump

Representative Alexandria Ocasio-Cortez (D-NY) is telling her supporters to prepare a resistance against President-elect Donald J. Trump after he retook the White House in the 2024 election, winning both the popular vote and the Electoral College.

In a video posted to social media after the November 5 election, the New York Democrat claims Trump and his allies are an authoritarian threat and alludes to the armed resistance movements against Europe’s fascist governments prior to and during World War II. “We are about to enter a political period that will have consequences for the rest of our lives,” Ocasio-Cortez says. “We cannot give up. We now find ourselves in a time in history that has precedent, and we find ourselves, I believe, in a time where there are, let’s say, peers in history, of mass movements of people that mobilize to protect one another in times of fascism and authoritarianism. And this is the era we are poised to enter. ”

BREAKING: Trump Names New White House Chief of Staff

PALM BEACH, Florida – The 45th and 47th President of the United States of America, Donald J. Trump, announced today that Susan Summerall Wiles, his 2024 campaign manager, will serve as his first chief of staff in his second term in the Oval Office.

Wiles, 67, previously worked for Florida Governor Ron DeSantis and as a partner at lobbying firm Mercury, which represents clients such as Qatar, pharmaceutical firms, renewable energy providers, and even the Chinese Communist Party-linked Alibaba. “Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” President Trump said in a statement on Thursday.

Trump has three choices for secretary of state – Politico

The president-elect will reportedly pick from a list of hawks and loyalists

US President-elect Donald Trump has identified three candidates for the position of secretary of state, including his former director of national intelligence and Florida Senator Marco Rubio, Politico has reported. During a meeting three weeks ago, Robert O’Brien, Trump’s former national security adviser, told conservative members of Congress that then-candidate Trump was considering three people for the role of Washington’s top diplomat, Politico reported on Thursday, citing a Republican staffer at the meeting. Rubio is joined on the list by Tennessee Senator Bill Hagerty and former acting Director of National Intelligence Richard Grenell, the staffer claimed.

How A 2nd Trump Administration Might Affect Foreign Policy

U.S. foreign policy will undergo some shifts in the coming months...

The second administration of President-elect Donald Trump is anticipated to bring great change to America’s foreign policy establishment. From wars in Europe and the Middle East to an increasingly adversarial relationship with China in the Indo-Pacific, Trump has vowed to make sweeping changes to the way the United States approaches international statecraft. That has some in the foreign policy establishment in Washington on edge. Still, others are confident that there will be a winding down of armed conflicts worldwide as the nation’s highest office embraces a more assertive and, at times, confrontational tone with allies and adversaries alike.

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pvpixelchronicles · 27 days ago

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The Cost of Solar Panel Installation: A Complete Guide to Understanding Your Investment

Solar energy investment has now become more fashionable as everyone seeks a means of providing sustainable and economic energy supplies. One major question however is the price of the installation of the solar panel. The increased technology coupled with government incentives has also made it even cheaper for people to opt for installation of solar panels. Below are the reasons that impact the cost of the investment, potential saving, and tips on the optimization of your solar investment.

1. What Influences the Cost of Solar Panel Installation?

Costing many elements of the solar panel installation, it also depends upon the system size, the complexity of installation, local regulations, and quality of equipment.

System Size: Larger the size, the cottier will be. For instance, if you compare a 1 kW system with a 5 kW system, definitely, the former is going to cost less. Your energy demand determines the size you go for. Type of Solar Panel: In the case of various kinds of solar panels, different efficiencies and prices come forth. Monocrystalline panels are expensive and hence more efficient, and in comparison, polycrystalline panels cost less. Complexity of installation: The complexity of roof installation can also be affected by the type of roofing and the structure of the roof. Flats would be easier and more inexpensive to install on a roof compared to sloped roofs or an intricate design. Inverter and Battery Expensive: Inverter is something that converts solar energy into usable power. The cost varies with its model (string, micro, or hybrid). Batteries act as a storage medium hence add to the costs and enhance the energy independence of the house. Labor and Permit Costs: The labors are geographically vary in prices, as the permit charges are levied by the authorities of local governments also, which form a part of the added costs.

2. Breakdown of Solar Installation Costs by Type of System

The solar installations can be categorized into three types: grid-tied, off-grid, and hybrid systems. It depends on the type of system to determine the cost of installation.

Grid-Tied System: This is the most common type and, therefore, the cheapest in most cases. Since there are no batteries required, grid-tied systems range between ₹40,000 to ₹50,000 per kW. Off-grid system: It is feasible for remote areas. The overall cost will be in the range of ₹60,000 to ₹80,000 per kW considering energy storage in the form of batteries. Hybrid System: A hybrid system provides the best of both worlds with energy storage and grid connectivity, however is a bit costlier around ₹70,000 to ₹90,000 per kW.

3. Average Cost of Solar Panel Installation in India

In India, the cost of solar installation is among the lowest globally, thanks to various government initiatives and the availability of local manufacturers. Here’s an approximate breakdown of cost by system size:

1 kW System: ₹40,000 - ₹50,000

3 kW System: ₹1,20,000 - ₹1,50,000

5 kW System: ₹2,00,000 - ₹2,50,000

10 kW System: ₹3,80,000 - ₹4,50,000

4. Government Subsidies and Incentives to Reduce Installation Costs

The Indian government, under the Ministry of New and Renewable Energy (MNRE), provides several subsidies for promoting the use of solar. This subsidy, in particular in residential systems, can be as low as 30-40 percent based on state-level policies and system size

Central Financial Assistance: It is a subsidy provided by MNRE to the residential consumers on grid-tie solar system installations. This reduces per kW cost and makes installation feasible for domestic consumers. State Subsidies: Several states also have added schemes for incentives. For instance, the rate has gone down in all such plans in Maharashtra, Gujarat, and Rajasthan. Tax benefits: Commercial users also include the benefit of Accelerated Depreciation. Businesses reduce taxable income from the depreciation of the solar asset.

5. Financial Benefits of Solar Panel Installation

Although the installation cost looks to be very high initially, solar power has long-term financial benefits:

Savings in Electricity Bills: The electricity bill is reduced a lot with the solar power system. For residential systems, savings can reach up to 90%. Return on Investment: Normal payback times for a solar system vary between 3 to 5 years, depending on the size of the system and the amount of energy consumed. Add-on property value: Solar panels add value to the property since many homebuyers would be willing to pay extra for the house with the solar panels. With regard to the tax savings benefits, the businesses can realize savings with regard to costs and higher returns on investments.

6. Cost Comparison of Solar Installation Across Different States

The cost of installing solar panels depends on the state due to regional subsidies, labor charge, and energy consumption rate. Here's a comparison of the costs of installing solar panels in a few key states:

Maharashtra: ₹42,000 per kW on average and state subsidies that bring installation costs down. Gujarat: About ₹40,000 per kW, and the state has sound subsidy programs. Rajasthan: Leader in the adoption of solar power, with costs averaging ₹41,000 per kW. Installation cost is nearly 45,000 more costly per kilowatt from other states, but offsets the benefit of stronger policies for net metering at this state.

7. Steps to Calculate Your Solar Installation Cost

Here is the simplified process to estimate your solar installation costs:

Step 1: Determine your energy requirements by reviewing your electricity bills. Step 2. This size of a solar electric system depends upon one's average daily load to energy usage. So mostly house units require 3kw up to 5-kW sizes, as these need higher sizes systems due to higher energy consuming requirement commercial setups. Step 3: Find out available subsidies and incentives and what can be availed in your area. Step 4: Seek quotes from a few installers and compare offers.

8. Hidden Costs to Watch Out For

Most costs are a one-off, but among those:

Maintenance and Repairs: although solar panels entail very minimal maintenance, an occurrence of an occasional cleaning and a minor repair can attract some lifetime costs. Replacement Costs: The inverters usually last for up to 10-15 years and thus incur another cost upon replacement. Inspection and Permits: Another cost could be the inspection and permit fees, which vary from state to state.

9. How Much Can You Save with Solar?

Here, the saving potential with solar installations is highly significant. The average satisfaction of electricity of a household by a solar power system is around 80-90%. The summative savings on electricity will indeed be huge if we take into consideration the lifespan of the solar panel system, which usually lasts for 25 to 30 years. Several cases have seen users return within the first five years, and then start experiencing energy savings.

10. Tips for Lowering Solar Panel Installation Costs

Shop Around: Get competing quotes from multiple installers to find the lowest installed rate. High Efficiency Panels: Higher initial installation, but produce more kilowatt-hours per installation - potentially saving on future added panels. Net Metering: Many states allow and require net metering plans under which the utility credit toward your monthly energy bill excess production. Take Advantage of Subsidies and Tax Credits: Perhaps the best way to come down on your overall cost of installation is by government subsidy and tax incentives.

Finding the Right Solar Installer Selecting an appropriate installer will ensure value for money for your money. Here are a couple of tips for you in this regard. Research and Reviews: Seek installers with good customer reviews as well as good portfolios. Experience with Local Permits and Incentives: Experience will direct the installation so that you get the benefits of their knowledge of local permits and their knowledge of all available and eligible subsidies. Warranty and After-Sales Service: The company should agree to give you the warranty on equipment as well as workmanship. When the after-sales service becomes good, then the amount the customer saves for repairing as well as maintenance becomes important. Conclusion Now it becomes easy for a reader to understand what goes around the cost of installation related to solar panel. With this knowledge, he makes an informed investment in this endeavor. All these work together to choose what suits your specific energy needs and budget in decisions you make about your size of system, installation complexity, subsidies, and financial benefits. The improved affordability and accessibility of solar energy mean the time for a sound investment in this sustainable solution is better than ever. Solar power can save an immense amount long-term from the initial installation of the system.

Whether as a result of environmental pressure, energy independence, or long-term savings drives, the installation of solar panels represents a very powerful step towards a brighter and greener future.

#solar panel cost

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gemgov · 1 month ago

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Latest News | Srinivas Gets Additional Charge as CEO of Public Procurement Portal GeM

Upgrade to LatestLY to get the latest news articles and stories to read. The government of India has appointed L Satya Srinivas, Additional Secretary in the Department of Commerce as the CEO of the public procurement platform GeM.

The additional charge was given as the last GeM CEO of the Government e Marketplace (GeM) P K Singh has been appointed as secretary in the renewable energy ministry.

Srinivas is an officer of the 1991 batch of the Indian Revenue Service (Customs & Indirect Taxes).

We are glad to announce the appointment of Shri L Satya Srinivas.As the CEO on additional charge of Government e Marketplace on additional charge — Additional Secretary, Department of Commerce, Government of India, GeM was stated in a social media platform X.

The GeM site was rolled out on the 9th of August, 2016 which made all the central government ministries and departments procurement ready to make online procurement for products and services.

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amrutatbrc1 · 2 months ago

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Oil Accumulator Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The oil accumulator global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Oil Accumulator Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The oil accumulator market size has grown strongly in recent years. It will grow from $47.92 billion in 2023 to $51.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing oil exploration, industrial expansion, safety and efficiency concerns, global economic growth.

The oil accumulator market size is expected to see strong growth in the next few years. It will grow to $69.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to renewable energy transition, emerging markets, resilience in oil prices, regulatory compliance. Major trends in the forecast period include digitalization and iot integration, smart technologies integration, green energy initiatives, customization and modular design, focus on downtime reduction, collaboration and partnerships, market expansion in asia-pacific.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/oil-accumulator-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing exploration and production activities are expected to propel the growth of the oil accumulator market going forward. Exploration activities refer to activities of the oil and gas industry, which include creating geological surveys and obtaining land rights, and production activities, which include onshore and offshore drilling. Oil accumulators are used to prevent fluid loss and to cope with extreme erratic pressures and uncontrolled flow in a well for the exploration of oil and gas. For instance, according to the Indian Brand Equity Foundation, an India-based government agency, in October 2021, the Union Ministry of Petroleum and Natural Gas approved $3.8 billion to increase refining capacity. Also, in 2021, Bharat Petroleum invested $13.66 billion in upstream oil and gas exploration and production. Therefore, the increased exploration and production activities are expected to drive the oil accumulator market during the forecast period.

Market Trends - Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

The oil accumulator market covered in this report is segmented –

1) By Type: Bladder Accumulator, Piston Accumulator, Diaphragm Accumulator 2) By Pressure Rating: Up to 6,000 Psi, Above 6,000 Psi 3) By Application: Blow Out Preventer and Well Head Control, Offshore Rigs, Mud Pumps

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Regional Insights - North America was the largest region in the oil accumulator market in 2023. The regions covered in the oil accumulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies - Major companies operating in the oil accumulator market report are Hydac GmbH, Parker Hannifin Corporation, Bosch Rexroth AG, Nipon Accumulator Co. Ltd., Technetics Group, Eaton Corporation PLC, Hannon Hydraulics, The Freudenberg Group, Hydroll oy, Baker Hughes Company, Tobul Accumulator Inc., Roth Industries GmbH & Co. KG, Rotec Hydraulics Ltd., Canton Racing Products, Moroso Performance Products, Valaris Limited, Acadian Contractors Inc., Schlumberger NV, Nabors Industries Ltd., Halliburton Company, Saipem S. p. A, Transocean Ltd., Helmerich & Payne Inc., Airmo Inc., Airtrol Components Inc., Bieri Hydraulik AG, Blacoh Industries Inc., C & C Industries Inc., Enerpac, Fawcett Christie Hydraulics Pvt. Ltd.

Table of Contents 1. Executive Summary 2. Oil Accumulator Market Report Structure 3. Oil Accumulator Market Trends And Strategies 4. Oil Accumulator Market – Macro Economic Scenario 5. Oil Accumulator Market Size And Growth ….. 27. Oil Accumulator Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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trendingreportz · 2 months ago

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Transformer Oil Market - Forecast(2024 - 2030)

Transformer Oil Market Overview

The Transformer Oil Market size is forecast to reach US$3.1 billion by 2027, after growing at a CAGR of 8.1% during the forecast period 2022-2027. Transformer oil is an oil that exhibits stability at high temperatures and has a good electrical insulating characteristic. It comprises polychlorinated biphenyls and nanofluids and it is available in different types such as naphthenic oil, paraffinic oil, diisobutyl adipate and others. The growing end-use industries such as transmission and distribution, railways & metros, power generation, industrial, residential & commercial and others, are driving the growth of the transformer oil market industry. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in the usage of railways and metros all across the world, which had a significant impact on the growth of the transformer oil market size.

Transformer Oil Market Report Coverage

The “Transformer Oil Market Report – Forecast (2022 - 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the transformer oil industry.

By Type: Mineral Oil (Paraffinic Oils, Naphthenic Oils and Aromatic Oils), Synthetic Oil (Dibutyl Phthalate, Dioctyladipate and Diisobutyl Adipate), Bio-based Oil (Synthetic Ester and Natural Ester) and Others

By Function: Cooling Agent, Lubricant, Chemical Stabilizer and Others

By Application: Transformers (Power Transformers, Distribution Transformers, Instrument Transformers), Switchgears, Reactors, Circuit Breakers, Cables, Capacitors, Generators and Others

By End-Use Industry: Transmission and Distribution, Railways & Metros, Power Generation, Industrial, Residential & Commercial and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East and Africa)

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Key Takeaways

The Asia-Pacific region dominates the Transformer Oil Market owing to the increasing investments in the power generation industry. For instance, according to the Indian Brand Equity Foundation, in March 2021, Actis LLP, a private equity firm, invested US$ 850 million to build two green energy power plants in India.

Rapidly rising demand for Transformer Oil in the green power generation sector, for cooling and lubrication application, has driven the growth of the transformer oil market.

The increasing demand for Transformer Oil in the railway sector, due to its usage to protect the damage to the electrical equipment, has been a critical factor driving the transformer oil market growth in the upcoming years.

However, the increasing adoption of renewable and green technologies can hinder the growth of the transformer oil industry.

Transformer Oil Market Segment Analysis – by Application

The transformers segment held a significant Transformer Oil Market share in 2021 and is estimated to grow at a CAGR of 8.2% during the forecast period 2022-2027. Transformers are applied in various industries such as power generation, railways & metros, industrial and other industries, for the transmission and distribution of electricity to the end-user, from the generation point. The transformer segment is growing, for instance, according to the Indian Brand Equity Foundation, in March 2021, Hitachi ABB Power Grids Ltd. bagged an order of US$ 21.66 million, to supply transformers to the Indian Railways. Furthermore, the increasing workload on the data centers has increased the demand for higher-quality power, which is driving the demand for transformers in data centers. The data centers are growing, for instance, in July 2021, Saudi Arabia's Ministry of Communications and Information Technology (MCIT) revealed a proposal to construct a wide network of large-scale data centers, worth US$18 billion. Thus, the growing demand for transformers, to supply electricity to end-users is driving its segmental growth.

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Transformer Oil Market Segment Analysis – by End-Use Industry

The transmission and distribution industry held a significant Transformer Oil Market share in 2021 and is estimated to grow at a CAGR of 8.9% during the forecast period 2022-2027. The growth in industrialization and urbanization, along with the growing population, is increasing the electricity demand, therefore, the requirement for the expansion of the transmission and distribution network is increasing. The expansion of the transmission and distribution lines is estimated to increase the demand for electrical equipment, resulting in the growing demand for the transformer oil, for cooling and lubricating the electrical equipment. Long-term investments in the power distribution system are growing, for instance, according to the Indian Brand Equity Foundation, in December 2020, the Asian Development Bank (ADB) and the Government of India signed a US$ 100 million loan to modernize and upgrade the power distribution system for enhancing the quality and reliability of electricity supply in Bengaluru, Karnataka. Moreover, the construction of the Saad Solar PV 380kV Substation project in Saudi Arabia will be completed by end of 2022, which was announced in 2021. Also, in 2021, the construction of the Power Saudi Housing Megaproject began and is estimated to be completed by 2023. Thus, such investments have uplifted the growth of the transmission and distribution industry, which in turn, is driving the demand for the transformer oil market.

Transformer Oil Market Segment Analysis – by Geography

The Asia-Pacific region dominated the Transformer Oil Market share by 44% in the year 2021, due to the increasing requirement for transformer oil in developing countries such as China, India, South Korea, Japan and other countries. Rising demand for switch gears, transformers, reactors, circuit breakers, generators, coolants and others are expected to drive the transformer oil market during the forecast period. China is estimated to continue its dominance in the transformer oil market during the forecast period. This is due to the growth of the power generation sector in the country. For instance, according to the International Energy Association (IEA), in China, in 2021, annual global energy investment is increased to US$ 1.9 trillion, recovering nearly 10 percent from 2020. Moreover, according to the Government of Canada, in 2021, the government launched a US$964 million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in renewable energy technologies, such as tidal, solar, storage, wind, hydro and geothermal. Thus, the rising growth in the end-use industry is proving to be a market booster for the transformer oil market size in this region.

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Transformer Oil Market Drivers

Growing Wind Energy Projects for Power Generation:

Transformer oil is stable at high temperatures and exhibits good electrical insulating characteristics therefore, is used in transformers. The wind turbine transformer is a linking source between the wind turbine and the distribution grid. It is utilized to step up the low output voltage from the generator to a higher voltage level for power distribution. The wind energy sector is growing, for instance, in December 2021, the Australian government invested AUD 2 billion (US$ 2.25 billion) in the development of a wind farm in Melbourne, Australia. The Golden Plains wind farm includes the installation of 215 turbines that will be capable of producing enough electricity for 765,000 homes. The development of the new wind farm is scheduled to begin by the end of 2022. Moreover, in 2021, the development of the Moray West Offshore Wind Farm project commenced in the Moray Firth of eastern Scotland, UK. The project involves the installation of 85 wind turbines and is scheduled to be operational in 2025. Thus, such an increase in wind power projects is expected to increase the demand for transformer oil for the production of turbine and transformer’s lubricant and coolant, required for the efficient functioning of wind turbines used in such power generation plants. This is expected to propel the growth of the transformer oil market in the upcoming years.

Increasing Railway Industry:

Transformer oil, which is made up of polychlorinated biphenyls, nanofluids and other materials, is used as a coolant in the railway industry. It is used to regulate the temperature of a system and also lubricate the moving parts it comes into contact with, to protect the damage to the electrical equipment. The railway industry is growing, for instance, according to the Government of Canada, in 2021, the government announced to build of new train service in the Toronto to Quebec City Corridor, which is expected to nearly triple the number of annual trips taken by rail, rising to a projected 17 million by 2059, from 4.8 million in 2019. Moreover, according to the international railway journal, in 2021, the Brazilian Government, authorized the Reais 50bn (US$8.877 billion) construction of nine railways in the country, which will expand the network by 3506km. With the increasing investments in the railway industry, it is estimated that in the upcoming years the requirement for transformer oil will rise. This will boost the growth of the transformer oil industry.

Transformer Oil Market Challenges

Increasing Adoption of Renewable and Green Technologies:

Naphthenic oil exhibits high efficiency, good pour point at low temperature, easy availability and exceptional thermal cooling capacity. Also, paraffinic oil has excellent oxidation stability. However, both paraffinic and naphthenic variants of the transformer oil are products of highly purified, processed and refined petroleum, therefore, it is non-biodegradable. The mineral oil is sourced from a non-renewable resource and globally, both the developed and the developing economies are transitioning towards adopting renewable and environmentally friendly technologies. Thus, the increasing adoption of renewable and green technologies might hinder the adoption of mineral-based transformer oils, hindering the growth of the market in the forecast period.

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Transformer Oil Market Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the transformer oil markets. The top 10 companies in the transformer oil market are:

Nynas AB

Ergon Inc.

Calumet Specialty Products Partners, L.P.

Apar Industries Limited

Royal Dutch Shell

Dairen Chemical Corp

Eden Oils.

Cargill Inc.

PetroChina Company Limited

Sinopec Lubricant Company

Recent Developments

In May 2021, Cargill Inc. partnered with Aevitas Inc. to bring improved access to premier transformer oil products to the Canadian market. The new Caltran line of arctic-grade transformer oil offers exceptional low-temperature performance and high oxidation stability, making it ideal for use in cold weather regions such as Canada.

In February 2020, Nynas AB extended its product reach of NYTRO BIO 300X transformer oil in the Middle East. NYTRO BIO 300X is a solution to the challenge of keeping transformers cool in the hot climate of the Middle East.

In September 2020, PetroChina Company Limited expanded the crude oil processing capacity at the Daqing refinery, situated in the Heilongjiang province, China. The refinery’s capacity was expanded to 10 million tons per annum from 6.5 million tons. The expansion was done as a part of an RMB 4.45 billion (US$651 Million) investment and is likely to result in the additional production of transformer oil.

#Transformer Oil Market #Transformer Oil Market Share #Transformer Oil Market Size #Transformer Oil Market Forecast #Transformer Oil Market Report #Transformer Oil Market Growth

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iasguidance · 3 months ago

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Hydrogen as an alternative fuel: Explained

Context: The Ministry of New and Renewable Energy (MNRE) has exempted export-oriented green hydrogen projects from its domestic solar module manufacturer list (ALMM), allowing them to use cheaper imported solar modules. Major Highlights: The ALMM (Approved List of Models and Manufacturers) is a registry of domestically produced solar modules approved by the Indian government to promote the use…

#Energy Sector #GS Paper 3 #Mains Exhaustive #Science & Technology

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carbonfootprintconsultant24 · 3 months ago

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Carbon Footprint: Recent Developments and Future Strategies"

Understanding Carbon Footprint in India: Current Trends and Future Prospects

As climate change continues to dominate global discussions, the term carbon footprint has become increasingly significant in understanding how human activities impact the environment. In India, a rapidly developing nation with a growing population, managing and reducing the country's carbon footprint is critical for sustainable growth and climate resilience. This blog delves into the current state of India's carbon footprint, recent developments, and future strategies to address this pressing issue.

The Carbon Footprint in India: An Overview

A carbon footprint in India refers to the total amount of greenhouse gases (GHGs) emitted directly or indirectly by an individual, organization, event, or country. In India, the carbon footprint has been a growing concern due to the country's rapid industrialization, urbanization, and rising energy demands. According to the Global Carbon Project, India's carbon emissions have risen, making it one of the top emitters globally. This increase is primarily driven by the country's reliance on coal for energy, expansive industrial activities, and carrying needs.

Recent Developments and News

Recent developments in India highlight both challenges and opportunities in managing the carbon footprint. In 2024, India made headlines with its ambitious targets set at the G20 summit. The Indian government pledged to achieve net-zero carbon emissions by 2070, an ambitious target that aligns with global climate goals. This commitment is expected to involve significant shifts in energy production, industrial processes, and transportation systems to reduce the overall carbon footprint.

Additionally, India has been investing heavily in renewable energy sources. In August 2024, the Indian Ministry of New and Renewable Energy announced a new initiative to expand the country's solar energy capacity. This initiative aims to double the solar power output within the next five years, a move that could significantly mitigate the carbon footprint associated with traditional fossil fuels.

Urbanization and Its Impact on the Carbon Footprint in India.

As urbanization accelerates, it has a profound impact on India's carbon footprint. Rapid city expansion leads to increased energy consumption, higher transportation emissions, and greater waste generation. A recent report by the National Institute of Urban Affairs (NIUA) highlighted that urban areas contribute to over 70% of the country's carbon emissions. This statistic highlights the need for sustainable urban planning and the adoption of green technologies in cities.

In response, several Indian cities have initiated green projects to curb their carbon footprints in India. For example, Bengaluru and Mumbai have launched extensive tree-planting campaigns and are promoting electric vehicles (EVs) to reduce emissions from conventional transportation. These local efforts are crucial in addressing the urban aspect of India's carbon footprint and can serve as models for other cities.

Policy Measures and Technological Innovations

India's approach to reducing its carbon footprint in India involves a combination of policy measures and technological innovations. The Indian government has introduced several policies aimed at reducing emissions, including the National Action Plan on Climate Change (NAPCC), which outlines strategies for promoting renewable energy, improving energy efficiency, and enhancing carbon sinks.

One notable policy is the Perform, Achieve, and Trade (PAT) scheme, which targets energy-intensive industries and mandates them to improve energy efficiency. The scheme has shown promising results in reducing the carbon footprint of industries by incentivizing them to adopt cleaner technologies and practices.

Technological advancements also play a crucial role in managing the carbon footprint. India has seen a surge in the adoption of clean technologies, such as advanced air pollution control systems and energy-efficient appliances. Innovations in carbon capture and storage (CCS) expertise are also being explored to mitigate emissions from industrial processes.

The Role of Public Awareness and Participation

Public awareness and participation are vital elements in managing carbon footprint in India. Educational campaigns and community initiatives can drive individual actions that collectively make a significant impact. In 2024, a nationwide awareness campaign was launched to educate citizens about their carbon footprints and promote sustainable practices.

Efforts to encourage behavioural changes, such as reducing meat consumption, minimizing waste, and opting for sustainable products, are gaining traction. Schools and universities across the country are incorporating climate education into their curricula, fostering a generation that is more conscious of its environmental impact.

Future Prospects and Conclusion

Observing ahead, India faces the challenge of balancing economic growth with environmental sustainability. The carbon footprint in India is expected to continue growing in the short term due to ongoing industrialization and increasing energy demands. However, the recent policy guarantees, technological innovations, and public awareness initiatives provide a solid foundation for long-term reductions.

India's journey towards reducing its carbon footprint will require concerted efforts from all sectors of society—government, industry, and individuals alike. By leveraging its renewable energy potential, adopting green technologies, and fostering sustainable practices, India can make substantial progress in mitigating its carbon footprint and contributing to global climate goals.

In summary, the issue of carbon footprint in India is multifaceted and evolving. The country's recent initiatives and commitments reflect a growing awareness of the need to address climate change. As India moves forward, its ability to effectively manage and reduce its carbon footprint in India will be crucial in shaping a sustainable future for its population and the planet.

#carbonfootprintconsultantinindia #carbon footprint #consultancy #consultant #environment #business

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yonderh2 · 3 months ago

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The Role of Green Hydrogen Companies in India’s Energy Transition: Building a Sustainable Future

As India accelerates its journey towards a sustainable future, green hydrogen has emerged as a cornerstone of the country’s energy transition. The function of green hydrogen companies in India is critical, as they spearhead the growth of green hydrogen plants and push the nation’s shift towards a cleaner, renewable energy terrain.

Let’s explore the statistics highlighting India's significant progress and commitment towards integrating green hydrogen plants into their energy mix, underscoring the importance of this transition in achieving both environmental sustainability and economic growth.

Here they are!

By May 2024, the Ministry of New and Renewable Energy (MNRE) awarded tenders for 412,000 tons of green hydrogen production capacity and 1,500 MW of electrolyser manufacturing capacity.

Significant investments are being made across various states to establish Green Hydrogen Hubs or clusters of green hydrogen plants

The government plans to support 3.6 million tons of hydrogen production over the next three years

Approximately 3,000 MW of annual electrolyser capacity will be developed over five years.

Continuing from the previous statistics, India's National Green Hydrogen Mission (NGHM) is pivotal in driving the country's green hydrogen ambitions.

Some critical aspects of the National Green Hydrogen Mission: The Indian Green Hydrogen Mission has a budget of ₹19,744 crore (approximately $2.4 billion)

India aims to produce 5 million metric tons of green hydrogen annually by 2030

Aims to achieve net-zero carbon emissions by 2070

Green hydrogen is expected to reduce 3.6 gigatons of CO2 emissions in India by 2050

Indian Green Hydrogen Mission is expected to reduce a cumulative ₹ 1 lakh crore worth of fossil fuel imports by 2030

Growing Momentum for Hydrogen: Why Now?

A Complement to Renewable Energy: Renewable Energy technologies have experienced substantial growth in both technical capabilities and cost-effectiveness. However, adequate energy storage and utilization of excess power generated during peak production hours remain critical. Hydrogen could play a key role in enhancing the efficiency and reliability of Renewable Energy systems.

Enhancing Grid Resilience with Storage Solutions: As Distributed Renewable Energy installations increase, managing grid load requirements becomes more complex. Green Hydrogen-based energy storage systems offer a viable solution for improving grid resiliency and stability.

Technological Advancements: Recent improvements in electrolyser and fuel cell technologies have enhanced their efficiency, making hydrogen a more viable energy option.

Pioneering Sustainable Energy

Green hydrogen is a clean alternative to traditional fossil fuels if obtained from renewable sources like solar and wind. Green hydrogen companies in India are at the forefront when speaking about green hydrogen plants, which expedite harnessing their abundant renewable resources. Such companies help decarbonize the steel, cement, and mobility industries and will make India a leader in green hydrogen production globally.#GreenHydrogen #SustainableFuture #EnergyTransition #RenewableEnergy #GreenHydrogenIndia #ClimateAction #Decarbonization

Meeting National Goals

Ambitious targets set by the Indian government in its Green Hydrogen Mission stipulate 5 million metric tons of green hydrogen annually by 2030. Companies developing green hydrogen take front-row seating to meet this goal and lead innovation and investment in new technologies and infrastructure. A funding of ₹19,744 crore ($2.4 billion) for this mission ensures that these companies help India reduce dependence on fossil fuels while meeting the renewable energy targets.

Shaping a Sustainable Future

The role of green hydrogen companies in India's energy transition goes beyond reducing emissions to building a sustainable future. The Green Hydrogen Company in India would not only establish green hydrogen plants but would also help propel a shift of the nation towards sustainable energy. Propelling green hydrogen adoption, these companies will aid India in achieving set climate goals while being some of the most important drivers of growth and innovation within the renewable energy sector. Green hydrogen plants do not simply deal with energy production; they symbolize a commitment to India's sustainable future. These plants will play a key role in enabling large-scale adoption of green hydrogen in meeting India's climate goals and reducing emissions for the green energy movement worldwide.

Driving Decarbonization

Green hydrogen companies in India are helping to decarbonize hard-to-electrify sectors like steel, cement and transportation. According to government estimates, green hydrogen alone has the potential to reduce around 3.6 gigatons of CO2 by 2050 in India. Indian corporates, with huge balance sheets behind them, are already investing considerable sums into green hydrogen. Reliance Industries, for instance, has said it will plow $10 billion into clean energy including green hydrogen over the next three years.

Challenges and Opportunities

While the potential of green hydrogen is vast, challenges remain, including high production costs and the need for advanced infrastructure. However, with global costs expected to decrease by 30% by 2030 and ongoing government support, green hydrogen companies are well-positioned to overcome these obstacles and make green hydrogen a mainstream energy source.

While the potential of green hydrogen is immense, challenges such as high production costs and the need for advanced infrastructure remain.

Moreover, India is working on creating a favorable regulatory environment to encourage investment in green hydrogen. The National Hydrogen Energy Mission includes plans to build hydrogen hubs, develop storage and distribution infrastructure, and foster public-private partnerships to drive innovation and scale.

Nurturing a Sustainable Future

The role of green hydrogen companies in India’s energy transition is not just about reducing emissions but building a sustainable future for generations. By embracing green hydrogen, companies are moving towards a cleaner energy system and paving the way for global leadership in renewable energy. As these companies continue to innovate and expand, green hydrogen will play an increasingly vital role in India’s energy mix, driving the country closer to its vision of a sustainable and prosperous future. Green hydrogen plants are a cornerstone of India’s sustainable energy strategy, offering a pathway to a cleaner, greener future while driving economic growth and technological innovation.

Ready to power a sustainable future? Contact us at [email protected] to learn more about green hydrogen solutions.

About the Author: Yonder, a division of the Ador Group, has been a leader in Power Electronics since 1908. Specializing in advanced Power Conversion Units for hydrogen generation, we integrate Alkaline, PEM, SOEC, and AEM electrolysers to ensure high efficiency and minimal power consumption. Headquartered in Mumbai with state-of-the-art facilities in Pune, Yonder is committed to global decarbonization. Our 500-MW manufacturing facility for hydrogen power sources is poised to deliver cutting-edge solutions that thrive in unique and demanding deployment contexts.

#GreenHydrogen #SustainableFuture #EnergyTransition #RenewableEnergy #GreenHydrogenIndia #ClimateAction #Decarbonization

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news365timesindia · 1 month ago

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[ad_1] IREDA | Source: Company website2 min read Last Updated : Oct 11 2024 | 3:09 PM IST State-run IREDA has received approval from DIPAM to set up a wholly-owned subsidiary to undertake retail and B2B business in the renewable energy sector. Indian Renewable Energy Development Agency (IREDA), under the Ministry of new and renewable energy, is a non-banking financial institution. Click here to connect with us on WhatsApp It has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary to handle retail business under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments in the renewable energy (RE) sector, IREDA said in a statement on Thursday. The subsidiary will also focus on emerging RE sectors, including EVs, energy storage, green technologies, sustainability, energy efficiency, etc. IREDA CMD Pradip Kumar Das said, "By extending our expertise in RE finance to retail market, we will provide innovative financing options for both urban and rural consumers, promoting sustainable practices and reducing carbon footprints."The company presently is engaged in developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. On Thursday, IREDA reported a 36 per cent rise in its profit after tax to Rs 387.75 crore in the September quarter from Rs 284.73 crore PAT in the same period of the preceding 2023-24 fiscal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 11 2024 | 3:09 PM IST [ad_2] Source link

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news365times · 1 month ago

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forblogmostly · 3 months ago

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Gensol Engineering and Matrix Gas Consortium Triumphs in Securing 237 MW Electrolyser Manufacturing Capacity Under India's PLI Scheme

In a significant milestone for India's renewable energy sector, Gensol Engineering Limited, a leading name in solar engineering, procurement, and construction (EPC) as well as electric mobility solutions, has announced a remarkable achievement in collaboration with Matrix Gas & Renewables Ltd. The consortium, comprising these two forward-thinking companies, has emerged as the winning bidder for 237 MW annual capacity under the prestigious Production Linked Incentive (PLI) scheme. This bid, which was secured through a highly competitive tender issued by the Solar Energy Corporation of India (SECI), positions the consortium at the forefront of India's burgeoning green hydrogen industry.

The recent victory is part of a broader accomplishment by the Gensol-Matrix consortium, which now boasts a cumulative 300 MW capacity. This total includes an earlier tranche of 63 MW awarded in the first phase of the SECI tender. The combined capacity equates to a substantial Rs. 450 Crore in incentives under the PLI scheme, underscoring the significant financial support provided by the Indian government to accelerate the nation's green hydrogen ambitions.

The PLI scheme, a key initiative by the Ministry of New and Renewable Energy (MNRE) under the National Green Hydrogen Mission, is designed to incentivize the development of domestic manufacturing capabilities for green hydrogen production. Electrolysers, the critical component in the production of green hydrogen and its derivatives, are at the heart of this initiative. By securing this PLI bid, Gensol Engineering and Matrix Gas & Renewables are poised to play a crucial role in realizing India's goal of producing 5 million metric tons of green hydrogen annually by 2030.

Anmol Jaggi, the Managing Director of Gensol Engineering Ltd., expressed his pride in the consortium's achievement, highlighting the rigorous competition faced during the bidding process. He noted that winning this PLI capacity is a testament to Gensol's commitment and technical expertise in the renewable energy sector. Jaggi emphasized that this victory not only strengthens Gensol's position in the rapidly evolving green hydrogen sector but also opens up new opportunities for growth and collaboration in the broader renewable energy landscape.

Chirag Kotecha, Whole-time Director at Matrix Gas and Renewables Ltd., echoed Jaggi's sentiments, underscoring the consortium's technological prowess and manufacturing experience. Kotecha pointed out that the consortium's success amidst stiff competition from major conglomerates is a clear demonstration of their expertise in green hydrogen infrastructure development. He further stated that the electrolyser manufacturing initiative is central to Matrix Gas's strategy for large-scale decarbonization through green hydrogen, aligning with their vision of establishing India as a global leader in sustainable, low-carbon energy solutions.

Both Gensol and Matrix Gas are companies promoted by common stakeholders, and this successful collaboration is expected to continue, particularly in the green hydrogen and its derivatives sectors, including green steel and green ammonia. The consortium's combined strengths and complementary skill sets are anticipated to drive further innovation and growth in these critical areas.

The achievement of the Gensol-Matrix consortium represents a significant step forward in India's renewable energy journey, particularly in the context of the National Green Hydrogen Mission. As the world increasingly shifts towards sustainable energy sources, the development of domestic electrolyser manufacturing capabilities will be crucial for India to achieve its ambitious green hydrogen production targets. This project not only positions Gensol and Matrix Gas as key players in this transformative industry but also contributes to India's broader goals of energy security, economic growth, and environmental sustainability.

Gensol Engineering Limited, established in 2012, has been at the forefront of India's renewable energy sector, specializing in solar power EPC services and electric mobility solutions. With a diverse team of over 500 professionals, Gensol has successfully executed more than 770 MW of solar projects across India, including rooftop, ground mount, and floating solar installations. The company's recent acquisition of Scorpius Trackers, a leading provider of solar tracking solutions, further enhances its capabilities in the renewable energy space.

In addition to its achievements in solar power, Gensol has also ventured into electric vehicle (EV) manufacturing and leasing, with a state-of-the-art production facility in Pune, India. The company's EV offerings are designed to cater to a wide range of clients, from public sector units to multinational corporations and logistics enterprises. Gensol's commitment to innovation and sustainability extends to its work in battery energy storage systems (BESS) and energy management solutions, positioning the company as a leader in the transition to a low-carbon future.

As India continues to make strides in renewable energy, the success of the Gensol-Matrix consortium in securing the PLI bid for electrolyser manufacturing capacity is a clear indication of the country's potential to become a global leader in green hydrogen production. With strong government support and the expertise of companies like Gensol Engineering and Matrix Gas & Renewables, India's green hydrogen mission is well on its way to becoming a reality.

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pvpixelchronicles · 2 months ago

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Mahaurja Solar Pump: Eco-Friendly Water Solutions for Sustainable Farming

Farmers and the agricultural sector are increasingly turning to solar-powered solutions to meet their water needs in the modern world, where energy efficiency and environmental sustainability are crucial. The Mahaurja Solar Pump is one of the most well-known and environmentally beneficial inventions in this field. Farmers may water their fields without using conventional energy sources by using this solar pump, which is both an economical and energy-efficient equipment.

What is a Mahaurja Solar Pump?

With an emphasis on agriculture, the Mahaurja Solar Pump is a cutting-edge solar-powered water pump that offers dependable and sustainable water solutions. It uses solar energy to efficiently transport water from wells, rivers, or other bodies of water across farmlands. As part of Maharashtra's renewable energy project, these solar pumps help to encourage environmentally friendly farming methods and lessen reliance on diesel or grid electricity for pumping water.

How Does the Mahaurja Solar Pump Work?

An electrical energy-generating solar photovoltaic (PV) panel powers the Mahaurja Solar Pump system by absorbing sunlight. The pump is then powered by this energy, extracting water and directing it in the appropriate direction. Since the pump's effectiveness is dependent on the amount of sunshine it receives, it is an extremely dependable option in places like India where sunshine is plentiful.

Key Benefits of Mahaurja Solar Pumps

1. Eco-Friendly The eco-friendliness of Mahaurja Solar Pumps is among its greatest advantages. These solar-powered pumps lessen the carbon footprint left by traditional water pumping systems that run on grid electricity or fossil fuels.

2. Financial Savings Mahaurja Solar Pumps can result in significant cost savings for farms and enterprises. Operating expenditures are negligible after installation because the pump is powered by free solar energy. Because of this, small-scale farmers wishing to lower their irrigation expenses can find it to be an inexpensive solution.

3. Self-Sufficiency in Energy Farmers may now pump water without relying on costly diesel or unstable electrical supplies when they install a Mahaurja Solar Pump. They may now irrigate their land and become energy independent.

4. Sturdiness and Low Upkeep The Mahaurja Solar Pump is a robust and long-lasting solution because it is made to resist challenging environmental conditions. It also needs little upkeep, which frees up farmers' time and energy to concentrate on raising productivity.

5. Government Assistance and Grants Incentives are provided by the Indian government, via the Ministry of New and Renewable Energy (MNRE), to farmers who use solar pumps such as the Mahaurja Solar Pump. This lowers the cost even more and promotes the industry-wide use of sustainable energy solutions in the agriculture sector.

Applications of Mahaurja Solar Pumps

Crop irrigation: The Mahaurja Solar Pump is primarily used in agricultural irrigation, making sure that crops have a steady supply of water during crucial growth stages. Watering Livestock: This is a great way to supply water to animals in isolated farming regions. Drip and Sprinkler Systems: The pump maximises water use and boosts crop productivity when used in conjunction with contemporary irrigation methods such as drip and sprinkler systems.

Conclusion

The Mahaurja Solar Pump is providing a sustainable, economical, and energy-efficient alternative that is transforming the way water is managed in agriculture. Farmers may increase crop yields and save operating expenses while also helping to create a more environmentally friendly atmosphere by implementing this cutting-edge technology. The Mahaurja Solar Pump is a great option for anyone wishing to increase the sustainability and environmental friendliness of their farming methods as the demand for clean energy keeps growing.

#MahaurjaSolarPump #SolarPump #EcoFriendlyFarming #SustainableAgriculture #GreenEnergy #SolarPowerSolutions #RenewableEnergy #SolarIrrigation #SustainableFarming #CleanEnergy #SolarWaterPump #EnergyEfficiency #FarmWithSolar #SolarForAgriculture #SaveWaterSaveEnergy

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