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As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming. View More
watch nowVIDEO2:1502:15Homes could become mini data centers to power AI growthMorning Call Data centers are gobbling up land, driving up electric bills, and becoming a lightning rod for public discontent over big tech's power in society.Maine's legislature recently passed a data center ban in the state (but failed to override the governor's veto). According to the National Conference of State Legislatures, 14 states spanning the political spectrum from Oklahoma to New York are considering legislation that would ban or pause new data centers, as public opinion on AI has increasingly shifted to the negative.Still, despite the qualms of the public and politicians, there's a torrent of capital for building new data centers. The biggest technology companies in the U.S. are on pace to spend as much as $1 trillion annually by 2027 on AI, according to recent Wall Street estimates. Globally, a recent McKinsey report forecasts spending on data centers will hit $7 trillion by 2030. At the same time, the idea of putting data centers closer to consumers, even onto and into their homes, is gaining traction in real estate circles. Major players in housing, including homebuilder PulteGroup, are in early testing with Nvidia and California-based startup Span to install small fractional data center "nodes" on the exterior walls of newly built homes, according to recent reporting from CNBC's Diana Olick. The question of whether that model can scale, and whether homeowners, HOAs, and regulators will approve it, is up for debate. Experts point to some benefits to home-based data centers, with the home-based grid allowing for less construction needed on new ones and greater energy efficiency."It is technically possible and already being explored," said Balaji Tammabattula, chief operating officer at BaRupOn, a U.S.-based energy and technology company currently building out a data center campus in Liberty County, Texas. He said just as a home computer can contribute processing power to a distributed network, a home can host compute hardware that feeds into a larger data processing system. Advocacy groups and community members protest laws surrounding data centers while outside the Texas Capitol in Austin Monday, Feb. 23, 2026.Austin American-statesman/hearst Newspapers | Hearst Newspapers | Getty Images The home-as-data-center model would follow similar attempts at using latent home power for crypto mining or to sell excess rooftop solar power or EV credits. "Feasibility depends on available power, internet connectivity, heat management, and the type of workload. For batch processing and non-time-sensitive tasks, the home environment works surprisingly well," Tammabattula said, though for high-density AI training or real-time workloads, residential constraints are harder to overcome.Real-world examples are unfolding now as proof of concept, as heat waste from data centers as an issue receives more attention in Europe. For instance, a UK-based startup called Heata installs servers in people's homes that process cloud computing workloads while channeling the heat generated directly into the home's hot water cylinder, effectively giving homeowners free hot water in exchange for hosting the hardware. British Gas has backed a trial of this model. At a larger scale, operations have just commenced for heat pumps that route waste heat from Microsoft data centers in Finland to warm approximately 250,000 local residents' homes. "These examples show the concept working at both the household level and the community level," Tammabattula said. The home data center brings with it a ledger of pros and cons. On the positive side, the residential model reduces land and infrastructure requirements that are becoming serious bottlenecks, distributes compute closer to end users, and creates a natural incentive for homeowners through energy savings, said Tammabattula. He added that home computing also has a strong sustainability angle since waste heat gets repurposed rather than cooled away at great expense.But your questions for ChatGPT or Claude aren't likely to be generated from a server in someone's walk-in closet or basement soon, with those deep interactions with AI still require sprawling data centers. Residential environments currently lack the power density, redundancy, physical security, and environmental controls that enterprise workloads require. And if you can't get a signal for your own WiFi or phone call, you can't power a data center."Connectivity quality varies across households, creating reliability issues at scale. There are also regulatory and insurance questions around hosting commercial equipment in private homes," Tammabattula said. Currently, the economics only work for specific workload types like batch processing, rendering, and research computation. "Anything requiring guaranteed uptime or low latency is not a good fit for this model yet," he added.Home-based data center vs. the hyperscalerThe home data center is far more likely to become a niche layer of future infrastructure than a replacement for hyperscale data centers given the limitations. The home data center models also typically involve a third party owning and operating the equipment, so the homeowner does not need to manage anything technically. "Homes are not going to replace hyperscale data centers, especially for large AI training clusters that need dense power, high-speed networking, specialized cooling, and tightly controlled environments," said Gerald Ramdeen of Luxcore, a company developing next-generation optical networking and decentralized cloud infrastructure. He says a more realistic opportunity would be to turn homes into professionally managed edge compute nodes, useful for AI inference, low-latency workloads, flexible/batch compute, cloud gaming, and certain heat-reuse applications.This approach has implications for everyday life as it increasingly intersects with, and through, AI."It can be used to sort the seven bazillion photos your teenage daughter has," said Sean Farney, vice president of data center strategy for the Americas at JLL, a U.S.-based global professional services and commercial real estate firm that manages 4.4 GW of data center space globally from over 340 data center sites. Farney noted your smartphone has more computing capacity than the first data center ever built, so while the idea of a home data center hasn't taken off at scale yet, it probably will. "It's hard to compete with a hyperscaler because it's expensive operationally to maintain a super distributed footprint. But it can be done, and the company that gets it right is looking at a nice-sized valuation," he said.There are still some technical limitations to home data centers before success would be possible at commercial scale. For one, the home would need to have a supply of electrical and mechanical resources that are fairly reliable, since Farney says that a data center will exceed residential power supply really fast. "A 20-kilowatt residential generator doesn't even give you a cabinet of AI servers," he said. But if technology is able to address these issues, would homes be able to overcome the scale effect of data centers? Farney thinks the answer is yes.AI cybersecurity and physical security are issuesAimee Simpson, director of product marketing at Huntress, a global cybersecurity company, says one reason to be skeptical of home-based data centers catching on is the cybersecurity vulnerabilities."A collection of home-based micro data centers creates the need for a more robust network security approach," Simpson said. While there are potential decentralization benefits from a home-based network that is operating at scale â more sites means more redundancies in case any one data center goes down â expanding the footprint also makes security more complex. "Each site's hardware and software would need to be secure, and carefully monitored, to avoid any vulnerabilities," Simpson said. Physical security of the site, meanwhile, "would be almost impossible to guarantee," she said. "There's a reason that mega data centers run by the likes of Amazon and Microsoft are surrounded by high fences and guarded 24/7." The Microsoft data center campus, currently under construction, is reflected in Mount Pleasant, Wisconsin, September 18, 2025.Audrey Richardson | Reuters "I can't imagine a world where end users with data security and compliance obligations would be comfortable with the idea of their sensitive, confidential information being processed and managed by servers that are potentially sitting in someone's garage," Simpson said. Still, she knows of legitimate networks of micro data centers that use tamper-proof physical containers. If these could be located in residences, that could temper some security concerns.According to Arthur Ream, a computer information systems lecturer at Bentley University, the home-as-data-center model is plausible, already happening, and a sensible answer for inference workloads, if not training."The interesting question isn't whether residential compute works. It's whether the security, reliability, and regulatory story holds up at gigawatt scale or whether the industry has quietly figured out that the cheapest place to put the operational risk of AI is in someone else's utility room," Ream said.Span is pioneering the model, according to Ream, with examples like the work with Nvidia and PulteGroup where Span owns and installs liquid-cooled Nvidia RTX PRO 6000 Blackwell GPUs in residential homes, then sells the compute to hyperscalers and AI cloud providers while the homeowner gets a Span smart panel, battery backup, and discounted rates for electricity and internet. Homeowners pay a fee of roughly $150 month covering electricity and internet; installation is free while SPAN sells the compute to AI customers."The economic argument is the one to take seriously: a 100 MW data center costs roughly $15 million/megawatt and takes three to five years to build. Span claims it can match that capacity by deploying XFRA nodes across 8,000 new homes in about six months at $3 million/megawatt. Even haircut that aggressively for marketing math, the speed-to-power gap is real," Ream said.Other experts are less circumspect and say the concept won't work."Infrastructure for AI isn't infrastructure for crypto. You don't run data centers in basements," said Sviat Dulianinov, the chief strategy officer of Bright Machines, a San Francisco-based software and robotics company. Modern AI runs on "AI factories" of thousands of GPUs working together, requiring complex engineering, precision manufacturing, and tightly integrated supply chains: from server and rack build to deployment. "It also demands industrial-scale power and cooling. Compute will move closer to the edge, but it will be standardized, engineered systems versus crowdsourced home data centers," Dulianinov said.And with data centers drawing the ire of communities from coast to coast, real estate professionals are paying close attention to the developments, but have their own reservations about how residential communities will react. "HOAs would absolutely go to town on this idea," said Jeff Lichtenstein, president and founder of Echo Fine Properties in Palm Beach Gardens, Florida. "I can't even imagine our Facebook community page. Fighting between data companies and cities and homeowner associations would make typical Republican versus Democrat fighting look like child's play," Lichtenstein said. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Revenue from operations rose to ?1,453 crore in the quarter from ?1,194 crore in the same period a year ago View More
The investment story for Corning looks even sweeter in the wake of Jim Cramer's sit-down with CEO Wendell Weeks. View More
The investment story for Corning looks even sweeter in the wake of Jim Cramer's sit-down with CEO Wendell Weeks on "Mad Money" on Thursday night. One day after Corning's blockbuster optical partnership with Nvidia , Weeks shed some more light on the company's new supply agreements with two unnamed hyperscalers. Corning first disclosed these along with earnings last week, but details were light. Here's the comment from Weeks that caught our attention from Jim's interview: "Probably the biggest commercial arrangement ever in my career we just entered into with Nvidia, and then these other two major ones are larger than the Meta deal that's been public on, and I'm sure some of those customers will want to be more open about that over time." We knew they were about the same size as the Meta deal, which Corning went public with back in January, saying at the time it was worth up to $6 billion through 2030 to supply fiber optic cables for data centers. But to hear they are actually larger is, of course, encouraging. At the very least, it gives us a floor for these combined deals at about $12 billion. On Corning's April 28 earnings call, this is what Weeks had to say about the two new deals: "On our last call [in January], I shared that we were in the process of concluding other agreements of the same size and duration as the Meta agreement. We now have concluded two more large, long-term agreements with hyperscale customers. And they are each similar in size and duration. Now I know, we will get questions on who the other customers are and the specifics of our arrangements. However, our philosophy is to let our customers decide when, and where they choose to make announcements on their critical supply chain decisions. I can share that these deals are very significant, and they share the risk and rewards of the required expansions with our strategic customers." Now back to Thursday's remarks. Those two hyperscale deals we figured were worth about $6 billion each, now it seems they're more like at least $6 billion. Corning may be celebrating its 175th anniversary this week, but it's got the growth prospects of a young startup in a new field, which just so happens to be at the center of, well, everything. And, when you combine that outlook with the experience that comes from nearly two centuries of operation, you get something worth owning. Corning's execution may not have been perfect over those many, many decades, but the lessons learned are clearly on display with these recent deals. The company has been burned before, by capacity expansion investments made ahead of revenue that never materialized. However, that is exactly why we are now seeing deals like these, which have customers share not only in the rewards of capacity expansion but also in the risks that come with it. That's why we are so thrilled about these hyperscale deals and why we are more than happy to suffer a bit of dilution as Corning shareholders, in exchange for a deeper relationship with the sun at the center of the AI solar system, Nvidia. Jim also interviewed Nvidia CEO Jensen Huang on Thursday evening about his company's Corning alliance. Jensen said it will "revitalize American manufacturing." After all, there aren't many companies around like Corning that can say they went from ushering in the age of electricity with glass for light bulbs to ushering in the AI revolution with glass wires that will one day transport the world's data at the speed of light. There aren't many, but there is at least one â and we plan to hold onto it for the run that's about to take place on top of this year's already more than 100% surge in shares. (Jim Cramer's Charitable Trust is long GLW, NVDA, and META. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
On Thursday, spot gold jumped 1.2% to $4,750 per ounce amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end. View More
In this articleXAU=XAG=@GC.1@SI.1Follow your favorite stocksCREATE FREE ACCOUNT Argor-Heraeus' CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Denis Balibouse | Reuters The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday.Spot gold jumped 1.2% to $4,750 per ounce early on Thursday, amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end. Stock Chart IconStock chart iconSpot gold U.S. gold futures were up 1.2% to settle around $4,750.00.Meanwhile, spot silver added 3% to trade at $79.62 an ounce, and silver futures for July delivery jumped 3.9%. Stock Chart IconStock chart iconSpot silver Gold and silver both enjoyed record-smashing rallies in 2025, surging 66% and 135%, respectively, over the course of the year. However, they have seen much more volatile trade in 2026, with silver futures suffering their biggest single-day blow since the 1980s at the end of January and gold knocking more 10% off its January peak.Since the outbreak of the U.S.-Iran war on Feb. 28, gold's reputation as a "safe haven" asset in times of turmoil has come under pressure as some of the drivers behind its ascendance have been called into question. The potential for higher interest rates, a stronger U.S. dollar resulting from a surge in oil prices, and traders exiting positions all contributed to its recent decline, particularly as the yellow metal entered the conflict "significantly overbought", according to Ross Norman, CEO of precious metals website Metals Daily. This gave dealers a reason to take profit and for the market to consolidate as traders sold up their best-performing asset, he told CNBC.Francis Tan, chief Asia strategist at Indosuez Wealth Management, described this property as "pretty useful" during March's market tumult in an interview with CNBC on Tuesday."If you look at March, when equities were selling, for an investor with some allocation in gold during that period, you were sitting on pretty strong returns in gold, and you could perhaps take some off the table to cover some of your equity losses. "So gold as a safe haven certainly has played its part." watch nowVIDEO2:2602:26Yen currently undervalued, sliding further into discount territory: Indosuez WMSquawk Box Asia During the course of the conflict, gold traded inversely to both oil prices and the U.S. dollar."The dollar and gold both rallied, the former seeing hot money flows as energy supplies choked, while the dollar gained on safe haven flows," Norman added. "A peace deal would suggest those tailwinds ease off and we are seeing that just now. It's as if the handbrake has been released from gold and silver." Where next? Philippe Gijsels, chief strategy officer at BNP Paribas Fortis, has long held a bullish view on gold and silver, and his belief that more upside lies ahead for the metals has not wavered even as volatility continues to grip precious metal markets. He told CNBC on Thursday that he saw the downturn in gold and silver prices as a "consolidation phase.""This time around, precious metals have shown a strong correlation with equities. Both were mostly hurt by fears inflation would drive up interest rates," Gijsels said. "In our world interest rates are like gravity. When interest rates rise, gravity increases and all assets are pulled down, including precious metals."As the Iran war dragged on â prompting warnings of price shocks and economic growth stunting â markets rushed to price in a suspension of monetary easing cycles in various major economies, with some central banks now expected to hike interest rates to ward off the impact of inflated energy prices. But optimism resurfaced on Wednesday following reports that the U.S. and Iran are close to agreeing a peace settlement. Gijsels noted that precious metals were now recovering with equities. "We expect the secular bull market in gold and silver to resume and the metals to reach new all-time highs in the not too distant future, potentially this year," he told CNBC. As the fog of war lifts, investors will come back into the market for gold and silver.Philippe GijselsChief strategy officer at BNP Paribas Fortis Gijsels said on Thursday that all the elements that have brought gold and silver this far "are still very much in place.""Central banks and governments will continue to diversify away from U.S. government paper into gold," he told CNBC. "As we live in an environment of structurally higher inflation one needs to hold real assets. Precious metals are clearly part of this. [And] as the fog of war lifts, investors will come back into the market for gold and silver."The decline in gold and silver prices in recent months, he argued, was "not the end, but merely a pause in what will live up to be the strongest and longest bull market in gold and silver in history."Paul Williams, managing director of gold and silver supplier Solomon Global, told CNBC in an email on Thursday that it was difficult to make predictions with the war still ongoing, particularly for the more volatile silver. But, like Gijsels, he said silver prices were still underpinned by the same fundamental drivers that fueled the 2025 rally."Supply of physical silver remains tight, while strong demand from green technologies continues," he said. "The U.S.-Iran conflict has only underscored the strategic case for solar power. AI-related demand remains significant and is growing, adding further pressure to an already stretched supply/demand balance."Silver is used for a wide range of industrial purposes, and is an essential component in goods from computers and mobile phones to solar panels and cars. While Williams said short-term volatility was likely to persist until a durable agreement between the U.S. and Iran is formalized, he said prices should be supported in the longer term. "I expect we can see further upside and bullish conditions as more people seek the safety and reassurance of being able to hold a physical asset outside of the traditional financial system," he said. "If a peace deal is signed, silver would most likely benefit from improved economic sentiment, stronger industrial demand, and greater investor risk appetite. If talks fail, gold would probably lead the initial safe-haven move, but silver's tighter physical market means it could catch up very quickly." 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Her role will focus on expanding the alliance's work in India's energy systems and clean power. This includes battery storage, grid digitalization, and distributed energy. View More
The Global Energy Alliance for People and Planet (Global Energy Alliance) has appointed Tanya Singhal as Vice President, India. A renewable energy entrepreneur and climate tech leader, Singhal joins as the Global Energy Alliance expands its work on India’s energy systems and clean power initiatives . Her appointment comes as the Global Energy Alliance marks three years of work in India, focusing on battery storage, grid digitalization, and distributed energy, along with efforts related to jobs and economic activity. Tanya Singhal is the co-founder of SolarArise, a grid-connected solar platform that she led for eight years. During her tenure, she raised and deployed over Rs2,000 crore in capital, backed by the European Investment Bank’s GEEREF fund and Kotak Mahindra ’s Singapore-based infrastructure fund, to develop a 500 MWp portfolio of utility-scale solar assets across multiple states. She later oversaw a sale to an Infrastructure Investment Trust (InvIT) listed on the London Stock Exchange, making SolarArise among the Indian renewable platforms associated with an LSE listing. She is an alumna of Indian Institute of Technology Delhi and a former strategy consultant at BCG. Woochong Um, CEO of Global Energy Alliance said in a statement, “Tanya has built and scaled clean energy platforms in one of the world’s most important and fastest-moving energy markets. India will play a defining role in how the energy transition unfolds, and it is already showing what modern, resilient power systems can look like. Her leadership will help us accelerate solutions that strengthen the grid, expand opportunity, and unlock investment at scale.” “The energy transition today is fundamentally about energy sovereignty: ensuring 24-hour, reliable clean power for every Indian. That requires modernized grids, battery storage, and the integration of distributed renewable energy. That’s precisely where Global Energy Alliance is focused, and what drew me to this role. Global Energy Alliance’s ability to bring together governments, private capital, and communities is key to unlocking solutions at scale. I’m excited to bring my experience building and scaling SolarArise to help accelerate that progress at a moment of real momentum," Tanya Singhal said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
Southeast Asia to benefit significantly from Asian Development Bank's $70 billion new energy and digital infrastructure plan in Asia and the Pacific by 2035. View More
A solar power plant in Vietnam's Tay Ninh Province. Singapore's central bank is backing bio-energy and solar projects in Southeast Asia via its Green Investments Partnership.Tan Dao Duy | Moment | Getty Images The Asian Development Bank $70 billion plan, backing new energy and digital infrastructure in the region, is set to boost Southeast Asia the most.The program includes a pan-Asia power grid initiative, connecting national and subregional power systems, and an Asia-Pacific digital highway to close the infrastructure gap in the region, according to ADB that has set 2035 as the deadline for funding projects. "Energy and digital access will define the region's future," said ADB President Masato Kanda said in a statement on Sunday. That connectivity will build the systems Asia and the Pacific need to grow, compete, and connect, Kanda said. "By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and digital access to hundreds of millions of people." While the funds are for the entire Asia-Pacific region, experts say that Southeast Asia is expected to be the major beneficiary of ADB's connectivity push. The bank typically leans toward developing member countries based on growth needs, project readiness and mandate, beyond sheer market size, said Greg Statton, vice president and chief technology officer for Asia Pacific and Japan at AI-powered data security firm Cohesity. Statton noted that unlike Southeast Asia, China has largely moved away from ADB financing with its own finance institutions and policies in place. India has strong access to capital markets and runs many domestically financed projects, even though it still receives a fair amount of funding from ADB, while Japan itself is a major funder of ADB. "Larger economies such as China, India, and Japan already have more established domestic capital markets, deeper infrastructure financing channels, and greater fiscal capacity to fund large scale projects internally," said Chasen Nevett, managing partner of principal investments at GMA Capital Partners, adding that Southeast Asia remains structurally underbuilt in both energy interconnection and digital infrastructure."That combination creates a more efficient deployment environment for capital, where each dollar can unlock broader private sector participation and accelerate regional integration, Nevett said. Power play Indonesia, Vietnam, and the Philippines are expected to be the largest beneficiaries within Southeast Asia. Those countries are expected to receive a larger share of the $70 billion funding due to their population size, infrastructure needs and active project pipelines, based on ADB''s historical lending patterns and current priorities, according to Statton. While Malaysia and Thailand could also benefit given they are regional hubs for energy and data infrastructure, the relative marginal impact of capital may be somewhat lower due to their more developed base in Southeast Asia, said Nevett. Malaysia has the biggest data center project pipeline in Southeast Asia, which accounts for about 60% of all proposed projects in the region and, along with Thailand, it is expected to lead data-center load demand in Southeast Asia by 2035, according to Wood Mackenzie. ADB funding also provides an opportunity to build interoperable transmission systems that allow clean power to flow across borders, improving reliability and lowering costs, said Scott Dunn, strategy and growth lead for Asia at infrastructure consulting firm AECOM.Markets such as Laos, Thailand, Vietnam and Cambodia have abundant hydropower and fast-expanding solar and wind, but they lack cross-border capacity to move clean power to the biggest demand centers, Dunn said, adding that ADB's plans are "effectively designed for these conditions."ADB aims to integrate nearly 20 gigawatts of renewable energy across borders and link 22,000 circuit-kilometers of transmission lines by 2035. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Grid delays mean the company is instructed to reduce generation during peak solar hours. ReNew plans to install batteries to store excess power and address the imbalance between midday production and evening demand. View More
ReNew Energy Global Plc is being forced to curb its solar power output, putting profits at risk, as India’s inadequate grid infrastructure struggles to absorb renewables during peak generation hours. The wind and solar plant operator sees up to 15% of its solar electricity wasted on some days because the grid is unable to integrate the extra supply when ReNew’s production peaks during daylight hours, according to its chief executive officer. “The fact is you’re asked not to generate, and that is losing us power,” said Sumant Sinha, adding that any pause in generation impacts the company’s profit. “The grid build-out has got delayed quite substantially and therefore we are just being told to back down.” India is set to see a blistering summer and blackouts as its grid infrastructure struggles to cope with record high power consumption and a mismatch of renewables supply and demand. On some days last year, about 40% of solar power output was denied access to the national network, according to Grid Controller of India Ltd. ReNew, which accounts for about 5% of India’s 223 gigawatts of renewables capacity, is planning to set up almost four gigawatt-hours of batteries alongside its renewable projects this year, Sinha said, a move that could help reduce the wastage by storing electricity until there’s demand for it. The imbalance between midday peak production and high demand in the evening will begin to be addressed as more batteries come online, he added. Live Events The firm, which also produces solar panels, is seeing higher costs as shipping gets more expensive due to the Iran war, as well as a delay in deliveries of raw materials. Still, any overall increase in costs “is probably not more than a few percentage points” and is “hopefully temporary,” he said. The company expects its portfolio to skew toward solar going forward due to challenges emerging from falling wind speeds, Sinha said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
The scope of work covers design, manufacture, supply, transport, installation, testing, and commissioning of pumping systems in 3 HP, 5 HP, and 7.5 HP capacities View More
The wind and solar plant operator sees up to 15% of its solar electricity wasted on some days because the grid is unable to integrate the extra supply when ReNew’s production peaks during daylight hours View More