Energy Storage

The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven primarily due to successful ...

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...

Bengaluru-headquartered advanced battery and fuel cell technology company Log9 Materials has raised $40 million as part of its Series B funding led by Amara Raja Batteries and Petronas Ventures. The ...

Global corporate funding for energy storage, smart grid, and energy efficiency companies increased 63% in 2022 with $31.7 billion compared to $19.5 billion in 2021, according to Mercom's Annual and ...

Researchers at the ARC Training Centre for Future Energy Storage Technologies (storEnergy) found that the suppression of the lithium metal creep (Li-creep) under controlled conditions can extend the cell cycle ...

Electric car batteries could boost storage by injecting electricity into the grid during times of scarcity or store during periods of excess and meet short-term storage demand as early as ...

Researchers at the Georgia Institute of Technology in the U.S. have developed a compact flow battery cell configuration that reduces the size of the cell by 75% and correspondingly reduces ...

Power distribution companies (DISCOMs) of Karnataka have proposed revised tariffs for low-tension (LT) and high-tension (HT) consumers, which include grid support charges for captive open access power consumers. Apart from ...

The Greenko Group has said it will invest ₹100 billion (~$1.2 billion) in setting up a pumped storage project in the Neemuch district of Madhya Pradesh. The daily storage capacity ...

Researchers at the Daegu Gyeongbuk Institute of Science & Technology (DGIST) said they have developed a new electrolyte technology through magnetic nanoparticles that can improve both the stability and lifespan ...

Maharashtra Electricity Regulatory Commission (MERC) has approved the change in the effective power purchase agreement (PPA) date between ACME Sikar Solar (ASSPL) and the power procurer Maharashtra State Electricity Distribution ...

The underwhelming response to solar and wind auctions in 2022 has prompted the Bundestag (German Parliament) to allow the Federal Network Agency (Bundesnetzagentur) to raise the tariff cap by up ...

India’s energy storage sector witnessed significant developments in 2022, which included the government issuing guidelines for the use of batteries as part of the generation, transmission, and distribution assets, the ...

The rapid adoption of electric vehicles (EVs) and their increasing popularity indicate they are no longer a short-term trend but a viable alternative to internal combustion automobiles. EV sales stood ...

The Australian Renewable Energy Agency (ARENA) announced A$176 million (~$118 million) in conditional funding to support eight grid-scale battery projects across the country. With a total project value of A$2.7 ...

India-based independent power producer ReNew Power has announced it has signed an agreement with Microsoft India to supply 150 MW of solar power from its recently commissioned project near Bikaner ...

Floating solution provider Acquafront Infrastructure has developed ‘i-Ghat,’ a futuristic project to power boats with solar energy instead of diesel at Kada Ghat, Kaushambi, in Uttar Pradesh. Acquafront originated at ...

Global manufacturer of advanced silicon battery technology Group14 Technologies said it has raised $214 million in additional financing and completed its $614 million series C funding round. The additional financing ...

Acciona Energía has acquired the 190 MW/380 MWh battery energy storage system (BESS) facility in Cunningham, Texas, U.S., from Qcells, a subsidiary of the South Korean industrial group Hanwha Corporation ...

Researchers at the Chinese Academy of Sciences (CAS) claimed to have built a stable kilowatt-scale aqueous redox flow battery (AOFB) with high-performance organic redox-active molecules for renewable storage. The battery ...

Green energy has become affordable, sustainable, and reliable over the last few years, making it not just a viable option as an energy procurement strategy for businesses but also essential ...

Power developers and project owners would add utility-scale battery storage capacity of up to 30 GW in the United States over the next three years, the U.S. Energy Information Administration ...

Greenko Energies won the NTPC Renewable Energy’s auction to set up interstate transmission system (ISTS)-connected energy storage systems of 3,000 MWh capacity with a minimum of 500 MW capacity to ...

Researchers claimed to have developed improved thin perovskite films with reduced defects and better stability under higher temperatures by introducing dimethylammonium chloride as a new crystallization agent after substituting the ...

Thermal energy storage (TES), as a form of long-duration energy storage (LDES), can help decarbonize roughly 45% of all energy-related emissions by ensuring that industrial operations requiring heat are optimized ...