Latest news with #BatteryEnergyStorageSystems
India Today
a day ago
- Business
- India Today
Railway tracks to turbines: How RVNL's pivot signals India's green infra shift
Battery packs the size of small warehouses and run-of-the-river hydro plants chiselled into Himalayan valleys are not the first pictures that come to mind when one thinks of Rail Vikas Nigam Limited (RVNL). Yet the public sector engineering firm, which has spent decades laying India's steel arteries, building bridges and metro rails, now wants to generate—or at least secure—the clean power that will run trains over those same lines. The ambition is grand but hardly unrealisable. And not a day too Railways must decarbonise at speed, and RVNL believes its civil works expertise can be redeployed to build reservoirs, solar parks and battery farms that steady the grid long after are exploring opportunities to install solar power with battery storage because Indian Railways' goal is to become net zero by 2030, and traction power requirement is itself around 10,000 MW,' says M.P. Singh, director (operations), RVNL.'Solar power with battery storage for assured power supply Indian Railways has also indicated that they want Its goal is to become net zero by 2030, and traction power requirement is itself around 10,000 MW,' says M.P. Singh, director (operations), RVNL. The publicly listed PSU (public sector undertaking), thanks to its size and reach—a market capitalisation of around Rs 78,000 crore and net worth of around Rs 7,000 crore—is often a bellwether of the trend of infrastructure spend in clean power ambition colours practically every conversation at RVNL today. Nearly the entire broad-gauge system now runs on electric traction, yet the network lacks a reliable 24-hour source of green power. Singh argues that hybrid renewables, paired with Battery Energy Storage Systems (BESS), can bridge that gap and provide RVNL with a predictable new revenue company's plan leans on ground it already knows. In hill states such as Uttarakhand and Himachal Pradesh, RVNL wants to develop small hydro schemes, drawing on the tunnelling skills honed on the Rishikesh-Karnaprayag railway line.'Our aim is to have a concrete execution methodology so that there are no unforeseen situations and no mishaps,' says Singh, pointing to the 14-km-long Himalayan tunnels his teams bored without incident. Small hydro supplies steady base-load power and dovetails neatly with solar-rich afternoons and gusty nights along the western over cost and policy remain. Battery prices while falling are still high and the regulations that will reward storage for grid support are in a flux. Private utilities, with deeper balance sheets, have already snapped up much of India's solar-plus battery counters that its anchor customer, the railways, is both huge and credit worthy, thus limiting market risk. 'It's a new sector We want to have a good presence in the [renewable] power sector,' says Singh, noting that the first projects could be captive and insulated from tariff disputes with state RVNL is cutting its teeth through joint ventures. A 320 MW solar station in Uzbekistan and a 400 MW plant in Saudi Arabia are nearing completion—partnerships that supply expertise the company admits it lacks. Closer home, it bids to build turbine foundations and evacuation lines for wind farms, work squarely in its comfort zone even if another firm erects the most eye-catching idea in Singh's portfolio involves nuclear power. 'We are trying to tie up with the Russian company Rosatom. Russians are experts in this. So we are entering into some kind of MoU with them,' he compact 55-60 MW units, he notes, 'take not more than 24 acres of land', small enough to fit on surplus railway plots and spare RVNL the cost and headache of long transmission lines. Whether India's nuclear regulator and local communities will embrace the concept is an open various climate goals would require more and more players who identify opportunities in clean energy and facilitate the shift from coal to clean power sources at industrial levels—for profit. Financially, the pivot is already rail contracts still account for just under half of an order book, worth roughly Rs 1 lakh crore, yet the turnover from competitively bid non-rail projects has risen sharply and could form a majority within three years. Diversification may cushion RVNL against the vagaries of public-works spending, but it will also test its ability to manage projects that carry merchant risk instead of cost-plus the behemoth RVNL can marry construction prowess to power-sector finesse, its future balance sheets may be tallied not only in kilometres of track but megawatts delivered and megawatt-hours to India Today Magazine- Ends
The Hindu
17-07-2025
- Business
- The Hindu
Kishan Reddy seeks CM Revanth's partnership to take up green energy plants under Coal Ministry
Union Minister of Coal & Mines G. Kishan Reddy has urged Chief Minister A. Revanth Reddy to partner with the Central Public Sector Undertakings (CPSUs) under his ministry, including Coal India Limited (CIL) and NLC India Limited (NLCIL), in taking up renewable energy projects, encompassing solar and wind power plants, Pumped Storage Projects (PSP) and Battery Energy Storage Systems (BESS). In an official communication to the Chief Minister, a copy of which was released to the media on Thursday, the Union Minister said these initiatives are projected to attract investments in the range of ₹10,000 crore to TG over the next three years. The proposals are for development of solar power plants utilising Telangana's high solar isolation zones, deployment of advanced BESS systems to enhance grid stability and energy reliability; pre-feasibility studies and implementation of PSPs to provide critical balancing capacity; and formation of joint venture models with State PSUs or on a standalone basis by the coal companies, to ensure faster project execution and maximize local economic benefits. All these proposals and projects would require support in the acquisition or allocation of land by the State Government. They would be instrumental in the reduction of carbon emissions, improved air quality, and sustainable natural resource management, he said. Mr. Kishan Reddy, also the Secunderabad MP, said that the proposals also offer substantial socio-economic dividends, including job creation, skill development, enhanced energy security, and affordable power access, driving inclusive growth and improved quality of life for all. To take these projects to fruition, he has requested that a structured and seamless coordination be established between the State Government and the CPSUs. This can be done with the Chief Minister's 'active and timely engagement' and interventions in ensuring swift and effective implementation of these projects. 'Your leadership in this matter can serve as a model for constructive Centre-State cooperation in building a greener and self-reliant future,' he said. Telangana's substantial renewable energy potential and the Central Government's unwavering commitment to green growth, offers an opportunity to accelerate the State's economic development and position the State as a key contributor to India's sustainable energy transition, he pointed out.
Mint
16-07-2025
- Business
- Mint
Madhuri Madhusudan Kela trims stake in multibagger stock Waaree Energies in the June quarter
Ace investor Madhuri Madhusudan Kela, wife of prominent investor Madhusudhan Kela has pared down her holding in solar module maker Waaree Energies to below 1 percent, signaling a quiet exit after backing the company even before its IPO. While her name featured among key shareholders with a 2.07 percent stake at the end of March 2025, she is now absent from the latest shareholding disclosures, indicating her stake has fallen below the reporting threshold. Kela's exit comes at a time when the multibagger stock Waaree Energies is actively diversifying its business model to reduce earnings concentration. The company is transitioning into a fully integrated New Energy player, making strides into green hydrogen, electrolyser production, inverters, and Battery Energy Storage Systems (BESS). According to Nuvama, these strategic initiatives provide Waaree a strong foundation for sustained long-term growth, improved margins, and a massive multi-decade growth opportunity. The brokerage has a 'buy' rating on the stock with a target price of `3,622. However, opinions remain divided. Kotak Institutional Equities has maintained a 'sell' rating, despite acknowledging strong revenue prospects. The firm expects growth to be driven by improved utilization of Waaree's solar module manufacturing facilities and scaling up of its 5.4 GW solar cell plant. Margin gains are likely from economies of scale, favourable customer mix, and the higher-margin cell segment. Kotak has set a lower target price of `2,620. Waaree Energies has recently seen robust international traction. In June 2025, it secured a fresh 599 MW solar module order in the U.S., adding to an earlier 586 MW deal. With these additions, total order inflows for Q1FY26 crossed 1,200 MW. The orders were booked through its wholly-owned subsidiary, Waaree Solar Americas Inc. The company stated, 'Waaree Solar Americas Inc secures 599 MW order in the US, surpassing 1,200 MW+ in new deals for FY25-26 Q1, underscoring resilience and growing momentum in the American market.' The company posted stellar results for Q4FY25. Net profit more than doubled to ₹ 648.49 crore, supported by stronger sales and operational efficiencies. Revenue for the quarter rose 37.69 percent YoY to ₹ 4,140.92 crore. For the full fiscal year, Waaree Energies reported a net profit of ₹ 1,932.15 crore, up 107.08 percent YoY, while annual revenue reached ₹ 14,846.06 crore, a 27.62 percent rise from FY24. Waaree Energies' stock has given multibagger returns, surging122 percent from its IPO price of ₹ 1,503 set in November 2024. Year-to-date in 2025, the stock has gained 10 percent, registering positive returns in five out of the first seven months. 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.
Business Standard
14-07-2025
- Business
- Business Standard
Oriana Power surges after bagging Rs 212-cr BESS project from KPTCL
Oriana Power jumped 4.70% to Rs 2,408 after the company secured an order worth Rs 212.31 crore from Karnataka Power Transmission Corporation (KPTCL) for setting up 50 MW/100 MWh standalone Battery Energy Storage Systems (BESS). The project will install standalone grid-scale BESS facilities with a total capacity of 50 MW/100 MWh at Shahapur Taluk Yadagir, Karnataka. This BESS initiative aims to improve grid stability by balancing supply and demand, lowering the risk of blackouts, and boosting overall grid efficiency. The project will follow a build-own-operate model and will include Rs 27 crore in Viability Gap Funding. The execution timeline is 15 months, with revenue generation expected over a period of 12 years. Oriana Power is engaged in two main business verticals: providing EPC and operations of solar power projects and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis. On a full-year basis, the company's net profit surged 192.1% to Rs 158.54 crore on a 157.8% rise in net sales to Rs 987.17 crore in FY25 over FY24.
STV News
11-07-2025
- Business
- STV News
How many controversial battery storage facilities are operating in Scotland?
Over 240 large-scale 'battery energy storage systems' are being planned – or are already operating – in Scotland. The sites are designed to store energy from wind and solar but have attracted opposition over safety concerns. In Kilwinning, two explosive fires have taken hold at Fenix Battery Recycling – exactly one year apart. Residents were forced to evacuate their homes while batteries rained down on the local area. In Eaglesham, over 3,500 people have signed a petition against the construction of a 40MW facility on greenbelt land. Permission for the development was initially refused by East Renfrewshire's planning committee, but a second application was later approved. After that decision, a reporter appointed by the Scottish Government rejected an appeal over the first plan. The reporter found the proposal would lead to 'adverse visual effects in a greenbelt location'. In Glasgow, plans for a facility between Nitshill and Barrhead are also facing dozens of objections. A planning application has been submitted to Glasgow City Council to erect the development in a field in the Greater Pollok area. Proposals include 12 containers housing the energy storage systems located on 9.5 acres of designated greenbelt land. Concerns over health and safety, fire risk, negative impact on wildlife, light pollution and loss of greenspace have been put forward by residents. The figures, given to STV News by Solar Media Market Research, show that 24 sites (around 1.3 GWh) are already operational in Scotland. There are 217 projects (around 35 GWh) with planning approved but not operational; meanwhile, 87 have submitted planning permission and are awaiting a decision. As the number of facilities continues to rise, the Scottish Fire and Rescue Service says it has a dedicated group monitoring the applications. Chris Getty, area commander within the Scottish Fire and Rescue Service's (SFRS) prevention directorate, said: 'It's important to highlight that the SFRS is not a statutory consultee with regard to planning processes for Battery Energy Storage Systems (BESS). 'However, we will engage appropriately where asked and remain a key part of building standards consultations to maintain safety for firefighters, employees and members of the public. 'Our organisation adheres to the National Fire Chiefs Council's guidance for BESS, which was developed with the safety of both the public and emergency responders in mind. It's also worth noting that BESS premises require licensing through SEPA, for which they need to have robust measures in place to control processes and ensure adequate means are in place to prevent fire. 'As an organisation, we believe a strong focus on prevention and adherence to industry safety standards is essential for managing risks. 'Within SFRS, we have a dedicated working group that will continue to monitor the increasing number of BESS applications and their development, alongside the Service's role in the planning, consultation, and progression of these sites. 'In terms of operational response, our highly skilled and trained firefighters respond to all reports of fire and have the ability to deploy a range of standard and specialist resources, alongside resources by specialist partners as determined by the needs of an incident. This can include, for example, atmospheric monitoring.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
