Latest news with #BatteryEnergy
Mint
4 days ago
- Business
- Mint
Reliance Power share price jumps 8% to fresh 52-week high; Should you buy?
Reliance Power share price extended its upward momentum for the third consecutive session on Monday, surging nearly 8% to hit a fresh 52-week high amid robust trading volumes. The Anil Ambani-led Reliance Power shares rallied as much as 7.79% to touch a new high of ₹ 62.80 apiece on the BSE. This latest gain in Reliance Power shares follows an impressive 11% jump in the previous session, bringing the stock's one-week gain to over 21%. Trading volumes in Reliance Power shares were significantly elevated, with around 61 crore shares changing hands on Monday — more than double its one-week average of 27 crore shares, and nearly five times the one-month average of 13 crore shares. The surge in trading activity and stock price follows the announcement of a major renewable energy project win. Reliance Power on May 28 announced that its subsidiary, Reliance NU Energies Private Limited (Reliance NU Energies), received the Letter of Award (LOA) from SJVN, a Navratna Central Public Sector Enterprise, for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). Once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity, making it India's largest player in the integrated Solar + BESS segment, Reliance Power said in a regulatory filing on May 28, 2025. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹ 3.33 per kWh for a period of 25 years. Reliance Power share price has delivered stellar returns in recent months. The Anil Ambani Group stock is up 53% over the past one month and 85% over the last three months. On a year-to-date (YTD) basis, Reliance Power shares have gained 38%, while delivering multibagger returns of 151% over the past one year. The rally has been even more pronounced over the long term, with the Reliance Power stock price rising 370% in two years and an astounding 2,800% over the last five years. From a technical perspective, Reliance Power is currently the strongest performer among Anil Dhirubhai Ambani Group (ADAG) stocks. The stock recently broke out of a 33-week-long 'cup and handle' formation on the weekly chart, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'The breakout was backed by volumes 8x higher than the 50-day average, indicating strong, broad-based participation. Reliance Power share price is currently holding above the breakout level, and any dip towards ₹ 48 or consolidation around this zone presents a fresh buying opportunity,' Jain said. The pattern projects an immediate upside target of ₹ 65, with a further potential move towards ₹ 79, he added. At 12:40 PM, Reliance Power share price was trading 6.52% higher at ₹ 61.95 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Daily Express
17-05-2025
- Business
- Daily Express
Don't protest energy projects: Pangi plant not behind Beaufort floods
Published on: Saturday, May 17, 2025 Published on: Sat, May 17, 2025 By: Crystal E Hermenegildus Text Size: Yaakob (right) during the interview. Kota Kinabalu: The Sabah Electricity Chairman Datuk Seri Madius Tangau said the support of all stakeholders is essential to ensure that efforts to increase the state's power supply can move forward smoothly. He said this is needed to meet the increasing demand, the Energy Commission has, in principle, approved for another run-off river scheme at the Pangi Hydroelectric Power Plant site. Advertisement He urged the public to avoid protesting or resisting energy projects that are critical to strengthening Sabah's power supply. 'This development (Pangi) could boost power generation to over 400kW (kilowatt), approaching 500kW,' Madius said during the official relaunch of the Pangi Hydroelectric Plant's operations in Tenom on Wednesday. Responding to concerns from the public, especially those in Beaufort, he clarified that the Pangi plant is not the cause of flooding in the district, despite frequent claims. 'We've been briefed that the Pangi plant isn't responsible for the floods in Beaufort, so we hope there won't be any further objections from the local communities,' Madius said. Advertisement He explained that the flooding and landslide at the plant site in 2022 were partly due to human activities, while the ongoing floods in Beaufort and surrounding areas are unrelated. 'The Pangi plant isn't a dam and doesn't release water, so it doesn't contribute to flooding downstream,' Madius said. With several major projects underway, including the 100MW (megawatt) Battery Energy Storage System in Lahad Datu, the Rental Gas Project in Kimanis, and the Kimanis Power Plant, Madius expressed confidence that Sabah is on track to reach its goal of 20 per cent power reserve by the end of this year. Meanwhile, Sabah is still waiting for Sarawak to complete its part of the much-anticipated Sabah-Sarawak 275kV transmission grid interconnection project, which is essential for both states to move forward with plans to strengthen their power supply systems. Sabah Electricity Chief Executive Officer, Mohd Yaakob Jaafar, said that while Sabah finished its portion of the project last year, Sarawak is currently facing construction delays. 'There are indications that Sarawak aims to complete their side within this year, but based on our assessment, it may take a bit longer,' he said during a visit to the hydroelectric plant in Tenom on Wednesday. Once the entire project is completed, Sabah expects an immediate boost of about 30MW to its power reserves, with the potential to scale up to 300MW. Yaakob also said Sabah is currently preparing a feasibility study for a separate interconnection linking Tawau to North Kalimantan, and consultants have already been appointed for the task. However, he said, a grant initially provided by the United States for this study had been withdrawn due to recent shifts in the US administration. 'We now need to consult with our international partners to determine the best way to move forward with the study,' he said. Yaakob added that a meeting was set to take place in Jakarta on Thursday, led by the Asean Centre for Energy, with participation from Indonesia's Perusahaan Listrik Negara (PLN) and Sabah Electricity, to address this and other related issues. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Hindu
02-05-2025
- Business
- The Hindu
Reliance Power arm signs 25-year long-term PPA with SECI
Reliance Power Ltd's subsidiary, Reliance NU Suntech Private Ltd. said it has signed a 25-year long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), a Central Public Sector Enterprise. Reliance NU Suntech will develop and commission an integrated solar and battery energy storage system (BESS) project within the next 24 months. The project entails a capital investment of up to ₹10,000 crore. Reliance NU Suntech's signed Power Purchase Agreement with SECI comprises supply of 930 MW of solar power integrated with 465 MW/1,860 MWh Battery Energy Storage System (BESS), at a competitive fixed tariff of ₹3.53 per kWh. To achieve the contracted capacity of 930 MW, the project will deploy more than 1,700 MWp of installed solar generation capacity, the company said.
Yahoo
09-04-2025
- Automotive
- Yahoo
United States (USA) Battery Energy Storage System Market worth $7.02 billion by 2029 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., April 9, 2025 /PRNewswire/ -- The US Battery Energy Storage System market is expected to reach USD 7.02 billion by 2029, up from USD 2.13 billion in 2024, at a CAGR of 26.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The increasing demand for Battery Energy Storage Systems (BESS) in the US is driven by factors such as increasing mandates to integrate intermittent renewable energy sources like solar and wind into the grid and the growing need to bolster grid resilience against extreme weather and potential disruptions. Along with this, the strong government incentives such as the Inflation Reduction Act, which offers significant tax credits and support to manufacturers are further driving the rapid deployment of BESS solutions. View detailed Table of Content here - The installation of large-scale energy storage systems in the US is projected to rise significantly throughout 2024, driven primarily by a few leading states. According to data from the Energy Information Administration (EIA) released in January 2024, US energy storage system deployment is expected to nearly double in 2024, with battery capacity forecast to increase drastically. The two states i.e. California and Texas have installed the highest number of energy storage systems. Lithium-ion battery segment to dominate the battery type segment of the market during the forecast period. Lithium-ion batteries will lead the US BESS market with their higher energy density, efficiency, and falling prices, making them suitable for various applications, ranging from rooftop solar storage to utility-scale grid support. As of 2025, Li-ion technology represents the majority of new deployments of BESS in the United States, powered by advances in manufacturing scale such as Tesla's Gigafactory production and a resilient supply chain that has lowered costs by almost 20% a year over the last decade. Additionally, the major factors driving the growth of the li-ion batteries is their quick response times which is vital for grid ancillary services such as frequency regulation, high cycle life (up to 10-15 years with effective management), and suitability for renewable energy integration, which is in line with the US drive towards a 50% renewable energy blend by 2030. With continued R&D enhancing safety and recycling efficiency, Li-ion's supremacy is likely to continue, cementing its position as the backbone of the US BESS market for at least up to 2030. Download PDF Brochure: On-grid connection segment to dominate the BESS market during the forecast period. On-grid systems form a critical part of the BESS market in the US, serving large-scale energy storage by storing excess electrical energy when there is high generation. For instance, sunny or windy days with high solar and wind generation, or low demand, such as nighttime hours. The major uses of on-grid BESS in the US are load leveling for supply-demand balance, peak shaving to offload strain during periods of high usage such as summer afternoons, and power demand management for grid stability. These functions match the needs of US consumers and utilities, and on-grid BESS thus becomes a key element of America's new energy infrastructure. Utility application segment to hold a substantial market share in the BESS Market. Utility-scale deployments in the US BESS industry will gain a considerable market share in the forecast period, fueled by growing electricity demand, renewable energy targets, and massive investments in grid modernization. Rising electricity prices, coupled with more frequent power outages caused by extreme weather are some of the factors driving the adoption of BESS among utility companies. Since BESS systems offer the ability to store excess solar energy and provide backup power during outages, they help reduce electricity bills. As awareness of these benefits grows and BESS installation becomes more affordable, utilities will increasingly adopt these systems. Inquiry Before Buying: Key Players The report profiles key players in the US BESS companies such as Tesla (US), GE Vernova (US), Honeywell International Inc. (US), Johnson Control (US), East Penn Manufacturing Company (US), Primus Power Solutions (US), The AES Corporation (US), KORE Power, Inc. (US), and ESS Tech, Inc. (US). These players have adopted various organic and inorganic growth strategies such as product launches, expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their position in the market. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets
Associated Press
03-03-2025
- Business
- Associated Press
N2OFF Establishes a US Subsidiary for Its Solar PV Operations
T he new entity, NITO Renewable Energy, Inc., to hold all current and future solar operations of the Company Neve Yarak, Israel, March 03, 2025 (GLOBE NEWSWIRE) -- N2OFF, Inc. (NASDAQ: NITO) (FSE:80W) ('N2OFF' and the 'Company'), a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech, announced today the establishment of a new wholly-owned US subsidiary, NITO Renewable Energy, Inc., that is registered in Nevada. The new entity will focus and consolidate the Company's current and future Solar PV activities. The Company is currently invested in 3 projects in two countries in Europe. Germany: The joint venture is developing a 111 MWp solar photovoltaic (PV) project in Melz, Germany. This project has secured municipal approval and an indicative grid connection solution from a regional energy service provider. Notably, the approved grid connection capacity exceeds initial requirements by approximately 10%, presenting opportunities to either increase the project's capacity or integrate battery storage solutions. The project is currently progressing through the development phase. Italy: N2OFF and Solterra's subsidiary, Solterra Brand Services Italy, closed a definitive agreement to develop two Battery Energy Storage Systems (BESS) in Sicily, each with a capacity of 98 MWp/392 MWh. These projects have received approval for connection capacity from Terna SpA, Italy's transmission system operator. Development is expected to take 18-24 months to reach a Ready-to-Build stage. In addition, N2OFF and Solterra Energy Ltd. joined forces to exclusively co-develop the Solar PV market in Albania. About N2OFF Inc: N2OFF, Inc. (formerly known as Save Foods, Inc.) is a clean tech company engaged in sustainable solutions for energy and innovation for agri- tech. Through its operational activities it delivers integrated solutions for sustainable energy, greenhouse gas emissions reduction and safety, quality solutions for the agri- tech market. NTWO OFF Ltd., N2OFF's majority-owned Israeli subsidiary, aims to contribute in tackling greenhouse gas emissions, offering a pioneering solution to mitigate nitrous oxide (N2O) emissions, a potent greenhouse gas with 310 times the global warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote agricultural practices that are both environmentally friendly and economically viable. N2OFF recently entered the solar PV market and will provide funding to Solterra Renewable Energy Ltd. for the current project in the total Capacity of 111 MWp, as well as potential future projects. Save Foods Ltd., N2OFF's majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination. N2OFF also has a minority ownership in Plantify Foods, Inc., a Canadian company listed on the TSXV that offers a wide range of clean-label healthy food options. For more information on Save Foods Ltd. and NTWO OFF Ltd. visit our website: Forward-looking Statements: This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties including the success of our collaboration with Solterra, entry into future projects, our ability to successfully enter the solar PV sector, the profitability of such industry, and the potential added value of the increased capacity. Actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions as well as those discussed under the heading 'Risk Factors' in N2OFF's Registration Statement on Form S-1/A filed with the SEC on February 14, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites. Investor Relations Contact: Michal Efraty
