Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Energy Storage Solutions Provider Eos Energy's Revenue Up by 6.5% QoQ in Q1 CY 2022

Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022

U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
Daily News Wrap-Up: Greenko Begins Construction of its 5 GW Renewable Energy Storage Project

Daily News Wrap-Up: Greenko Begins Construction of its 5 GW Renewable Energy Storage Project

Here are some noteworthy cleantech announcements of the day from around the world: Greenko Group has started the construction of its 5.23 GW Integrated Renewable Energy Storage Project in Kurnool ...
NTPC Issues Tender for 250 MW500 MWh Battery Energy Storage System in Rajasthan

NTPC Issues Tender for 250 MW/500 MWh Battery Energy Storage System in Rajasthan

NTPC Renewable Energy has issued an invitation for bids (IFB) for the design, engineering, manufacturing, supply, installation, and commissioning of a 250 MW/500 MWh grid-connected standalone battery energy storage system ...
Daily News Wrap-Up: NTPC Signs MoU with Energy Vault for Gravity-Based Energy Storage

Daily News Wrap-Up: NTPC Signs MoU with Energy Vault for Gravity-Based Energy Storage

Here are some noteworthy cleantech announcements of the day from around the world: NTPC announced the signing of a memorandum of understanding with Energy Vault Holdings, Inc. to collaborate and ...
/ / Other, Renewable Energy
NTPC Issues EPC Tender for 10MW40 MWh Battery Energy Storage System in Ramagundam

NTPC Issues EPC Tender for 10 MW/40 MWh Battery Energy Storage System in Ramagundam

NTPC Limited has issued an invitation for bids (IFB) for the engineering, procurement, and construction (EPC) of a grid-connected battery energy storage system (BESS) with 10 MW and 40 MWh ...
SECI Invites Bids for 1 GWh Standalone Battery Energy Storage Systems

SECI Invites Bids for 1 GWh Standalone Battery Energy Storage Systems

Solar energy Corporation of India (SECI) has issued a request for selection (RfS) to set up pilot projects of 500 MW/1000MWh standalone battery energy storage systems (BESS) under a build, ...
US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

The U.S. energy storage system (ESS) market registered a record growth in new system installations with 4,727 MWh in the fourth quarter (Q4) of 2021, according to global research and ...
Reliance, Ola, Hyundai, Rajesh Exports Win Bid to Set Up 50 GWh of ACC for Energy Storage

Reliance, Ola, Hyundai, Rajesh Exports Win Bid to Set Up 50 GWh of ACC for Energy Storage

Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors, and Rajesh Exports have been approved by the Ministry of Heavy Industries (MHI) for receiving incentives under the production-linked incentive ...
Ministry Issues Guidelines to Procure Power from Battery Energy Storage Systems

Ministry Issues Guidelines to Procure Power from Battery Energy Storage Systems

The Ministry of Power has issued guidelines to procure and utilize battery energy storage systems (BESS) as part of the generation, transmission, and distribution assets, along with ancillary services. The ...
Project Finance Brief: Gore Street Acquires 90% Stake in a 22 MW Energy Storage Project

Project Finance Brief: Gore Street Acquires 90% Stake in a 22 MW Energy Storage Project

From: Mercom Capital Group London Stock Exchange-listed battery storage investment fund Gore Street has completed the acquisition of a 90% stake in a 22 MW/28 MWh operational energy storage asset in Cremzow, Germany. The ...
/ / Finance and M&A, Solar
Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project

Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project

From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets acquired the 100 MW Yadkins Energy storage project from  East Point ...
Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Cloud-connected energy storage solutions provider Taqanal Energy raised ₹95 million (~$1.24 million) in a pre-series round from JITO Angel Network. The round saw participation from KITVEN, Lets Venture, and Wellingdon ...
/ / Finance and M&A, Other
Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Artificial Intelligence (AI)-enabled energy storage software and services provider Stem recorded a revenue of $52.8 million in the fourth quarter (Q4) of 2021, representing a year-over-year (YoY) increase of 184% ...
/ / Other, Renewable Energy
Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, has reported a revenue of $7.7 million in the second quarter (Q2) of the fiscal year (FY) 2022, a 19% year-over-year ...
Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Fluence, a provider of energy storage products and services, has announced the results for the first quarter (Q1) of the fiscal year (FY) 2022. The company reported total revenue of ...
Daily News Wrap-Up Energy Storage to Be Next Focus of Power Ministry

Daily News Wrap-Up: Energy Storage to Be Next Focus of Power Ministry

Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R K Singh interacted with the renewable energy developers and government representatives on the ...
/ / Other, Renewable Energy
Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

The Indian energy storage market did not gain much ground in 2021. However, energy storage developers believe 2022 will witness higher capacity additions. According to Mercom India Research, India has only 20 MW ...
NTPC Invites Bids for 3,000 MWh of Energy Storage Systems

NTPC Invites Bids for 3,000 MWh of Energy Storage Systems

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC Limited, has invited bids from developers to set up interstate transmission system (ISTS)-connected energy storage systems of 3,000 MWh capacity with 500 ...
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
Tender to Set Up 50 GWh of ACC for Energy Storage Receives Massive Response

Tender to Set Up 50 GWh of ACC for Energy Storage Receives Massive Response

The Ministry of Heavy Industries’ (MHI) tender to select manufacturers for setting up production capacities for at least 50 GWh of advanced chemistry cell (ACC) for energy storage under the production-linked incentive ...
Industry Expects Energy Storage to Gain More Ground in 2022

Industry Expects Energy Storage to Gain More Ground in 2022

India's renewable energy capacity is growing exponentially, driven by the ambitious target of achieving 500 GW of non-fossil energy capacity by 2030. Energy storage is expected to play a critical ...
Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Hydrostor, a Canada-based long-duration energy storage solution provider, announced that it had secured $250 million funding from the Private Equity and Sustainable Investing Businesses within Goldman Sachs Asset Management. The company ...
/ / Energy Storage
Guidelines for Developing Sustainable Energy Storage Supply Chain Policies

Guidelines for Developing Sustainable Energy Storage Supply Chain Policies

The U.S. Energy Storage Association (ESA) has published guidelines for building a responsible energy storage supply chain policy that fits into environmental, social, and governance (ESG) considerations. Lithium-ion batteries are ...
Top Developments in the Indian Energy Storage Sector in 2021

Top Developments in the Indian Energy Storage Sector in 2021

India aims to have 500 GW of non-fossil fuel capacity by 2030. While renewable energy installations are steadily increasing, the country lacks adequate energy storage solutions to support the integration ...
/ / Mercom Research Focus, Other