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  1. Market Data
August 28, 2021

India Electric Vehicle Charging Station Project, ChargeNET, India

By Carmen

The India Electric Vehicle Charging Station Project, ChargeNET is a smart grid project being developed in India. It is an advanced grid infrastructure project.

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The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
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  • Regional trends
  • The impact of the commodity price increase on the battery prices
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Description

The India Electric Vehicle Charging Station Project, ChargeNET is currently in the planning stage and will use smart grid technology. The project has a rated capacity of 50MW.

The India Electric Vehicle Charging Station Project, ChargeNET has the following equipment associated with it:

– Electric Vehicle Charging Station – 500 units

Additional information

– Indian Electric Vehicle (EV) solutions firm EV COSMOS announced it has tied up with ChargeNET Sri Lanka, a group company of Codegen International of UK, for providing EV charging solutions for customers in India. – ChargeNet operates a manufacturing facility in Sri Lanka and the company plans to set up 500 EV charging stations in India with 50 Megawatt capacity over two years.

About Ameresco

Ameresco Inc (Ameresco) is a provider of comprehensive renewable energy services. The company is a cleantech integrator, and renewable asset developer, owner and operator. It offers energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions. The company also develops, constructs and operates renewable energy plants. Ameresco sells electricity, processed landfill gas, heat or cooling produced by its small-scale plants from renewable energy sources. It also provides consulting services, enterprise energy management services, and sale of solar PV energy products and systems. The company serves federal, housing authorities, state and local governments, healthcare and educational institutions, and commercial and industrial customers in North America and Europe. Ameresco is headquartered in Framingham, Massachusetts, the US.

Methodology

All publicly-announced smart grid projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects is sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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