lithium-ion

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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Staff

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Finance and M&A
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Energy Storage Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining...

April 30, 2024

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Staff

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Energy Storage

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Market & Policy
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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost...

April 29, 2024

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Staff

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Energy Storage
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Daily News Wrap-Up: Solar Open Access Installations Surge 21% YoY in Q3

India saw a surge in solar open access installations with the addition of 907 MW in the third quarter of 2023, a 36.1% increase over 666 MW in the previous quarter,...

December 8, 2023

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Mercom Staff

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Daily Wrap-up
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Flux Power Narrows Net Loss in Q4 FY23, Reports 44% YoY Improvement

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the fourth quarter (Q4) of the fiscal year (FY) ended June 30, 2023, was $1.5 million as...

September 27, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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DRX Cathodes Hold Potential for High-Energy-Density Batteries

A consortium of battery scientists, led by Lawrence Berkeley National Laboratory (Berkeley Lab), is working to advance battery technology without reliance on metals like...

September 18, 2023

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Gautamee Hazarika

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Energy Storage

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Technology
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Ascend Elements Secures $542 Million for Battery Materials Production in US

Ascend Elements, a lithium-ion battery recycling and engineered materials company has raised $542 million in new equity investments. The funding includes $460 million...

September 7, 2023

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Gautamee Hazarika

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Market & Policy

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Other

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Renewable Energy
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Chloride Ion-Based Seawater Green Batteries Can Store Renewable Energy

In a new study on using seawater green batteries to store renewable energy, researchers developed a new chloride ion-based redox chemistry. Xiaowei Teng, the James H....

August 16, 2023

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Gourav Mishra

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Energy Storage

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Technology
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Researchers Develop Method to Boost Storage Capacity of Aluminum-Ion Batteries

A group of researchers from the University of Ulm and the University of Freiburg have developed a positive electrode material made of an organic redox polymer based on...

June 21, 2023

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Gourav Mishra

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Energy Storage

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Technology
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Daily News Wrap-Up: ITI’s Tender for 720,000 Multicrystalline Solar Cells

ITI Limited, a public sector undertaking under the Department of Telecommunications, has floated a tender for the sale of 720,000 five-busbar cut multicrystalline solar...

June 15, 2023

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Mercom Staff

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Daily Wrap-up
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US Announces $192 Million Funding to Boost Battery Recycling

The U.S. Department of Energy (DOE) has announced over $192 million in new funding for recycling batteries from consumer products, launching an advanced battery research...

June 14, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Government Launches Mission to Develop Emerging Technologies in Power Sector

The Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) have launched the Mission on Advanced and High-Impact Research (MAHIR), a national...

June 7, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Chemical Firm Himadri Invests $7 Million in Australian Battery Startup Sicona

India-based specialty chemical company Himadri has announced an investment of AU$10.32 million (~$7 million) in Australian startup Sicona Battery Technologies to produce...

June 1, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Battery Storage Firm Flux Power’s Q3 Net Loss Narrows on Higher Sales Volume

The net loss of lithium-ion storage solutions provider Flux Power Holdings narrowed to $1.4 million in the third quarter (Q3) of the financial year (FY) 2022-23 compared...

May 15, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Daily News-Wrap Up: Kerala Plans to Introduce Green Tariff of ₹2.543/kWh

The Kerala State Electricity Board (KSEB) has proposed introducing a green energy tariff of ₹2.543/kWh (~$0.034/kWh) for consumers who wish to switch to green energy....

May 9, 2023

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Mercom Staff

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Daily Wrap-up

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