India ranks a lowly 120 among 165 countries in its progress towards achieving all 17 sustainable development goals, lower than SAARC counterparts Sri Lanka, Nepal and Bangladesh. It needs around $60 billion to achieve its 450 GW sustainable energy target by the year 2030.
MOL group, an international integrated oil and gas & petrochemical consumer retails company of Hungary which has come together with Plug Power, a leading supplier of turnkey hydrogen solutions to establish one of Europe’s largest green hydrogen production facilities at the MOL’s refinery in Danube, Szazhalombatta.
The Indian power ministry has proposed for a credit guarantee fund and a renewable energy bank to help countries transitioning from fossil fuel economy to more sustainable mode. Power minister Raj Kumar Singh and European Commission president Ursula von der Leyen at the headquarters of the International Solar Alliance in Gurugram stressed the importance of accelerating the transition to renewable energy.
Bitcoin is a cryptocurrency that relies on mining to mine new coins, run its proof of work mechanism and maintain a public ledger.
There will be a three day Wind Energy trade fair at Pragati Maidan in New Delhi called Windergy. The aim of the fair is to catalyze investments upto 15,000 crores into the wind energy sector in the country. The event is being organized by the Indian Wind Turbine Manufacturers Association (IWTMA) and PDA Trade fairs Pvt Ltd.
India is building first-of-its-kind standalone battery storage for renewable energy for on-demand supply to the national grid in case of peak demand and surge, the government is investing ₹2000cr in the project but with a price surge of lithium (by about 500%) and supply chain disruptions caused by Russia- Ukraine war could put hurdles in the way of the project.
“We will aim to double our ambition to up to 10GW of low carbon hydrogen production capacity by 2030, with at least half coming from green hydrogen and utilizing excess offshore wind power to bring down costs,” said the statement.
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According to the International Energy Agency, due to the rising prices of oil and the conflict between Russia and Ukraine, the oil demand is projected to go down by about 50 billion cubic meters. Which is half of US’s last year natural gas imports, last year that global gas consumption grew by 4.5%
A Pune based startup, BioFuelCircle has created an online marketplace by creating a supply chain for biomass and biofuel. The digital marketplace allows farmers to get in touch with industrial producers involved in Biomass & Biofuel production with stubble.
India’s first-ever portable solar rooftop system was successfully installed at Swaminarayan Akshardham temple situated in Gandhinagar. The project has been backed by the German development agency Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ).
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.