Storage Market Policy
Boston-area startup Alsym Energy has raised $78 million in new funding to increase headcount and ramp up prototyping of its non-flammable rechargeable battery technology....
Researchers at the U.S. Department of Energy’s (DOE) Pacific Northwest National Laboratory (PNNL) have repurposed nitrogenous triphosphate or nitrilotri-methylphosphonic...
The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...
The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide viability gap funding (VGF) of up to 40% to...
Smart energy storage company Stem’s fourth quarter (Q4) net loss widened by 6.8% to $37.7 million from the net loss of 35.3 million in Q4 2022. The lower gross profit...
The Solar Energy Corporation of India (SECI) has commissioned a 40 MW/120 MWh Battery Energy Storage System (BESS) project associated with a 100 MW solar power project...
The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariff of ₹3.11/kWh (~$0.037) for Gujarat Urja Vikas Nigam Limited (GUVNL) to procure power from 500...
Amara Raja Energy & Mobility recorded a net profit of ₹2.55 billion (~$30.7 million) during the third quarter (Q3) of the financial year (FY) 2024, a year-over-year...
U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.4 billion in the fourth quarter (Q4) of the financial year (FY) 2023, a 39% year-over-year (YoY)...
BatX Energies, an India-based sustainable and circular Lithium-ion (Li-ion) battery recycling company, has raised $5 million in pre-series A Funding. The funds will be...
Aluminum manufacturer Hindalco Industries will set up a ₹8 billion (~$95 million) plant near Sambalpur in Odisha to exponentially increase its manufacturing capacity of...
Mumbai-based Himadri Speciality Chemical is setting up a facility in Odisha to produce Lithium-ion Battery (LiB) components with a total annual production capacity of...
Energy storage technology and solutions provider Fluence Energy recorded a net income of $4.82 million for the fourth quarter (Q4) of the fiscal year (FY) 2022-23, a...
The Ministry of Coal has identified 20 abandoned mines to evaluate their feasibility for setting up pumped storage projects and leveraging vast land banks’...
Lithium-ion storage solutions provider Flux Power Holdings recorded a net loss of $2.11 million for the first quarter (Q1) of the fiscal year (FY) 2023-24, a marginal 1....
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