Industry news
Gujarat Energy Limited (GEL) and GSPL Transmission Limited (GTL) have paid a record dividend of ₹384.67 crore to the Gujarat government for the financial year 2025-26. This payment follows a corporate restructuring that increased the state's direct shareholding in both companies.
A recent survey by the NetZero Energy Transition Association (Netra) indicates that non-lithium energy storage technologies, such as sodium-ion batteries, could reduce India's battery storage import dependence to 50-52% by 2035. Currently, 89-91% of battery storage systems and lithium-ion batteries are imported, leading to supply shocks and price volatility.
SGE and ZE PAK have established a joint venture to develop a 1,800 MWe small modular reactor (SMR) plant at Pątnów, Poland. The project will feature six BWRX-300 reactors and aims to replace an existing coal-fired power plant, supporting Poland's energy transition.
Nuclearn, a developer of AI tools for the nuclear sector, recently participated in an American Nuclear Society Supplier Showcase webinar. The session focused on how artificial intelligence can optimize equipment performance and reduce operational loads within the industry.
Rajesh Power Services has been awarded two new contracts worth approximately ₹541 crore by government-owned power distribution companies in Gujarat. These orders involve strengthening and shifting electricity distribution infrastructure.
India's data center industry is increasingly relying on advanced battery systems to manage power fluctuations, optimize grid consumption, and integrate renewable energy sources.
The power ministry has finalized a national electricity data sharing framework, set to launch this month. The framework aims to standardize electricity sector data, enhance privacy, and provide consent-based access for various industry applications.
India's power sector is experiencing a structural supply deficit, with electricity demand exceeding projections. A recent interest rate hike by the Reserve Bank of India is creating financing challenges for utilities engaged in a significant capital expenditure cycle.
Bharat Heavy Electricals Ltd (BHEL) announced a significant profit increase in Q2 FY27 and approved a ₹500 crore investment to expand manufacturing capabilities for thermal and nuclear sets at its Haridwar unit.
India is developing a new policy for data centers to address growing concerns over electricity consumption and its potential impact on consumer costs. The initiative aims to manage the sector's rapid growth, which the government views as a significant economic opportunity.
India plans to expand the use of artificial intelligence (AI) in its power sector to improve grid reliability, resilience, and security. This initiative supports the country's growing electricity generation capacity, particularly from renewable sources, and aims to enhance grid management and service delivery.
Tata Power is developing a 2.8 GW data center opportunity pipeline to address increasing electricity demand from AI, cloud computing, and digital infrastructure. The company is also upgrading its transmission networks in the Mumbai Metropolitan Region.