Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

The Middle East and North African (MENA) countries must rapidly scale up and integrate variable renewable energy (VRE) – such as solar photovoltaic (PV) and onshore wind – into their ...
Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell New Energies, a subsidiary of Royal Dutch Shell, has signed an agreement to buy a 100% stake in Savion, a utility-scale solar and energy storage developer in the U.S., from Macquarie's ...
/ / Finance and M&A, Solar
U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021 Report

U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021: Report

The United States installed a record 3.51 GWh of new energy storage capacity in the third quarter (Q3) of 2021, Wood Mackenzie said in a report. In Q3 2021, the utility-scale front-of-the-meter ...
New Novel Electrode Material to Unlock Affordable Renewable Energy Storage MIT

New Novel Electrode Material to Unlock Affordable Renewable Energy Storage: MIT

Researchers from the Massachusetts Institute of Technology (MIT) have developed a novel electrode material that they believe can be integrated into a semi-solid battery to store renewable energy cost-effectively. The ...
/ / Energy Storage, Technology
Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Battery storage systems are critical to effectively integrate increasing solar and wind energy into the grid, given the intermittent nature of renewable energy sources. Energy storage is the ideal solution ...
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
/ / Energy Storage, Large Scale
Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

The demand for round-the-clock power from renewables is on the rise. Given the intermittent nature of renewable energy sources, the time is ripe for India to create an enabling environment ...
SECI Seeks ₹4 billion Term Loan to Finance its Floating Solar and Energy Storage Projects

SECI Seeks ₹4 Billion Term Loan to Finance its Floating Solar and Energy Storage Projects

Solar Energy Corporation of India (SECI) has invited Expressions of Interest from banks to extend a term loan of ₹4 billion (~$53.37 million) with a tenor of 15 years to ...
/ / Solar, Tenders & Auctions
Bids Invited for Manufacturing of Advanced Chemistry Cells for Energy Storage

Bids Invited for Manufacturing of Advanced Chemistry Cells for Energy Storage

Through its Ministry of Heavy Industries, the Government of India has invited bids to select manufacturers for setting up production capacities for at least 5 GWh and totaling up to ...
SECI to Invite Bids for 1 GWh Standalone Battery Energy Storage System Pilot Project

SECI to Invite Bids for 1 GWh Standalone Battery Energy Storage System Pilot Project

The Government of India has given the go-ahead for inviting an expression of interest (EoI) to install a 1 GWh battery energy storage system (BESS) as a pilot project. The ...
/ / Solar, Tenders & Auctions
RedEarth Energy Storage Raises $8.8 Million in Pre-IPO Round

RedEarth Energy Storage Raises $8.8 Million in Pre-IPO Round

Solar battery network startup RedEarth Energy Storage has raised AU$12 million (~$8.82 million) in a pre-IPO round led by Ord Minnett Private Opportunities. The company plans to use the funds ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

From: Mercom Capital Group Energy storage solutions provider VFlowTech has secured $3 million in Pre-Series A financing led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels, and other prominent angel investors ...
/ / Finance and M&A, Solar
RUMSL Issues Consultancy Tender for a 950 MW Solar Plus Battery Energy Storage Park

RUMSL Issues Consultancy Tender for a 950 MW Solar Plus Battery Energy Storage Park

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal (RfP) to select consultants for transaction advisory services for a 950 MW ground-mounted solar photovoltaic (PV) park with battery ...
/ / Solar, Tenders & Auctions
Funding and M&A Roundup: Energy Storage Company Fluence Files for IPO

Funding and M&A Roundup: Energy Storage Company Fluence Files for IPO

From: Mercom Capital Group Fluence, a provider of energy storage products and services, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed ...
/ / Finance and M&A, Solar
Thermal Energy Storage Systems Company Sunamp Raises $8 Million

Thermal Energy Storage Systems Company Sunamp Raises $8 Million

From: Mercom Capital Group Sunamp, a provider of thermal energy storage systems, has raised £6 million (~$8.21 million) in Series B funding from the Scottish National Investment Bank. Sunamp plans to ...
/ / Finance and M&A, Other
Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

Sungrow’s Revenue in 1H 2021 Up 18% Led By Solar Inverter, Energy Storage System Sales

China-based solar inverter manufacturer Sungrow has reported an 18% increase year-over-year (YoY) in revenue in the first half (1H) of 2021. In 1H 2021, the company’s revenue stood at 8.21 billion ...
/ / Inverters & BOS, Solar
US Installs 345 MW of New Energy Storage Systems in Q2 2021 Report

US Installs 345 MW of New Energy Storage Systems in Q2 2021: Report

According to Wood Mackenzie’s latest report, the United States installed 345 MW of new energy storage systems in the second quarter (Q2) of 2021 – a year-over-year (YoY) increase of ...
/ / Energy Storage, Market & Policy
An Energy Storage Technology That Could Reduce Charging Time to Minutes

An Energy Storage Technology That Could Reduce Charging Time to Minutes

Researchers from Tulane University developed an energy storage technology that could reduce charging time to a matter of minutes compared to lithium-ion batteries.  The study was funded by the Department ...
/ / Energy Storage, Technology
TANGEDCO to Develop a 4 GW Solar Park With Battery Energy Storage in Tamil Nadu

TANGEDCO to Develop a 4 GW Solar Park With Battery Energy Storage in Tamil Nadu

Tamil Nadu’s Power Minister V Senthil Balaji informed the legislative assembly that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) would develop a 4 GW solar park with battery energy storage ...
/ / Solar, Utility Scale
EPC Tender Floated for a 35 MW Solar Project with 57 MWh of Battery Energy Storage

EPC Tender Floated for a 35 MW Solar Project With 57 MWh of Battery Energy Storage

The Gujarat State Electricity Corporation Limited (GSECL) has invited bids for the design, engineering, erection, construction, installation, and commissioning of 35 MW of grid-connected solar project with 57 MWh of ...
/ / Solar, Tenders & Auctions
Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Researchers at the National Renewable Energy Laboratory (NREL) are in the advanced stages of prototype testing a new thermal energy storage technology— Economic Long-Duration Electricity Storage by Using Low-Cost Thermal ...
/ / Energy Storage, Technology
India’s Energy Storage Capacity Could Reach 800 GW by 2050 NREL

India’s Energy Storage Capacity Could Reach 800 GW by 2050: NREL

The National Renewable Energy Laboratory (NREL) has published a report, “Energy Storage in South Asia: Understanding the Role of Grid-Connected Energy Storage in South Asia’s Power Sector Transformation.” The report ...
Tata Power Solar Wins SECI’s 20 MW Solar with 50 MWh of Battery Energy Storage Auction

Tata Power Solar Wins SECI’s 20 MW Solar with 50 MWh of Battery Energy Storage Auction

Tata Power Solar Systems has won Solar Energy Corporation of India’s (SECI) auction for a 20 MW solar power project with a 50 MWh battery energy storage system (BESS). The project ...
/ / Solar, Tenders & Auctions
Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance, Bill Gates, and Others Invest $144 Million in Energy Storage Company Ambri

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited, along with investors like Bill Gates, Fortistar, Paulson & Co., and few other investors, have invested $144 ...
/ / Finance and M&A, Other
Molten Sodium Batteries Improve Grid-Scale Energy Storage

Molten Sodium Batteries Improve Grid-Scale Energy Storage

Researchers at Sandia National Laboratories have designed a new class of molten sodium batteries for grid-scale energy storage. The development of the new sodium battery was supported by the Department ...