NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022

NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022

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 ...
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

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 ...
Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

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 ...
Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

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 Use Compression to Raise Lithium Cell Cycle Life by 40%

Researchers Use Compression to Raise Lithium Cell Cycle Life by 40%

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 ...
/ / Energy Storage, Technology
Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030

Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030

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 Cut Cell Size to Bring Down Cost of Flow Batteries

Researchers Cut Cell Size to Bring Down Cost of Flow Batteries

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 ...
Karnataka Tariff Hike Proposal to Deter Consumers from Availing Open Access

Karnataka Tariff Hike Proposal to Deter Consumers from Availing Open Access

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 ...
/ / Market & Policy, Solar
Greenko to Build a ₹100 Billion Pumped Hydro Storage Project in Madhya Pradesh

Greenko to Build a ₹100 Billion Pumped Hydro Storage Project in Madhya Pradesh

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 Find a Way to Commercialize Next-Generation Lithium Batteries

Researchers Find a Way to Commercialize Next-Generation Lithium Batteries

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 ...
Regulator Approves Solar Developer’s Plea to Amend Effective PPA Date

Regulator Approves Solar Developer’s Plea to Amend Effective PPA Date

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 ...
Germany Ups Ceiling Tariff by 25% After Poor Response to Renewable Auctions

Germany Ups Ceiling Tariff by 25% After Poor Response to Renewable Auctions

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 ...
Significant Developments in India’s Energy Storage Sector in 2022

Significant Developments in India’s Energy Storage Sector in 2022

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 ...
Top Developments That Shaped the Electric Vehicle Industry in 2022

Top Developments That Shaped the Electric Vehicle Industry in 2022

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 ...
Australia to Provide $118 Million for Battery Projects Across the Country

Australia to Provide $118 Million for Battery Projects Across the Country

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 ...
ReNew to Supply 150 MW Solar Power to Microsoft India

ReNew to Supply 150 MW Solar Power to Microsoft India

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 ...
/ / Market & Policy, Solar
IIT Kanpur-Backed Company Launches Floating Solar Grid to Power Boats

IIT Kanpur-Backed Company Launches Floating Solar Grid to Power Boats

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 ...
Battery Tech Company Group14 Completes $614 Million Series C Funding Round

Battery Tech Company Group14 Completes $614 Million Series C Funding Round

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 Buys Seven Battery Energy Storage Projects with 1 GW Pipeline in Texas

Acciona Buys Seven Battery Energy Storage Projects with 1 GW Pipeline in Texas

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 Claim Aqueous Redox Flow Battery a Viable Option for Renewable Storage

Researchers Claim Aqueous Redox Flow Battery a Viable Option for Renewable Storage

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 ...
Renewable Experts Decode Ways for MSMEs to Go Green at Mercom India’s Event

Renewable Experts Decode Ways for MSMEs to Go Green at Mercom India’s Event

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 ...
/ / C&I, Renewable Energy
US Battery Utility-Scale Storage Capacity to Reach 30 GW by 2025

US Battery Utility-Scale Storage Capacity to Reach 30 GW by 2025

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 Wins NTPC’s Tender for 3,000 MWh Energy Storage Project

Greenko Wins NTPC’s Tender for 3,000 MWh Energy Storage Project

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 Improve Stability of Thin Perovskite Films Using New Solvent

Researchers Improve Stability of Thin Perovskite Films Using New Solvent

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 ...
/ / Solar, Technology
Thermal Storage Can Expand Long-Duration Energy Storage to 8 TW by 2040

Thermal Storage Can Expand Long-Duration Energy Storage to 8 TW by 2040

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 ...
/ / Energy Storage, Solar