Electrovaya wins Indian business on PM’s tour

Advanced battery manufacturer Electrovaya has announced the signing of two memorandums of understanding for its lithium-ion batteries, signed while accompanying Canada’s Prime Minister Stephen Harper on a trade mission to India. One agreement is with existing customer Hero Eco, to supply more batteries for its electric bikes in Europe, North America and India.

The other is with new client Environ Energy (a.k.a. Bhaskar Solar, part of a USD$4 billion Indian conglomerate), to supply batteries for telecommunications applications.

Advertisements

West Bengal invests in pumped hydro

As reported in The Hindu, the Indian state of West Bengal is planning to more than double its current pumped hydro energy storage capacity from 900MW to 1900MW. The new capacity will come in the shape of a single pumping station in the Purulia region of West Bengal and at a cost of nearly half a billion dollars investment from the state government.

Pumped hydro has the lion’s share of global energy storage capacity, but faces the problems of massive initial investment and tricky location requirements. Given the ongoing economic crisis, how do you see the giant of energy storage shaping up in the next few years and decades? Let us know.