Mercom Research Focus
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Energy Storage-Backed Renewable Tenders Dominate Procurement in 1H 2026

Agencies in India issued tenders for 44.1 GW and auctioned 16.3 GW of renewable energy capacity across energy storage, hybrid, utility-scale solar, wind, manufacturing, and rooftop solar projects in the first half (1H) of 2026, ac...

August 11, 2026

Mercom Research Focus

Energy Storage Firms Secure $8.9 Billion in Corporate Funding in 1H 2026

Corporate funding for energy storage companies totaled $8.9 billion across 73 deals in the first half (1H) of 2026, down 2% year-over-year (YoY) from $9.1 billion across 55 deals in 1H 2025, according to Mercom Capital Group’s 1H ...

August 10, 2026

Grid

Uttar Pradesh Regulator Admits Data Center Power Distribution License Plea

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has admitted a petition seeking a parallel electricity distribution license for a data center park in Noida. Adani Energy Solutions Step Eleven (AESSEL) and Adani Energy ...

August 11, 2026

Markets & Policy

Andhra Pradesh Allows Consumers to Install Up to 5 kW Rooftop Solar Systems

The Andhra Pradesh Electricity Regulatory Commission (APERC) has allowed consumers with single-phase low-tension (LT) connections to install rooftop solar systems of up to 5 kW. Under the APERC Grid Interactive Solar Rooftop Photo...

August 11, 2026

Latest News

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Plug Power Q2 Revenue Beats Estimates, Expects Full Profitability in 2028

Hydrogen fuel cell solutions provider Plug Power reported revenue of $178.3 million in the second quarter (Q2) of 2026, an uptick of 2.5% year-over-year (YoY) from $173.97 million. It beat analysts’ expectation of $168.76 million by 5.6%. Net loss...

August 12, 2026

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NVVN Invites EOIs to Procure 263 MW of Solar Open Access Power

NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of NTPC, has invited expressions of interest (EoIs) to procure 263 MW of solar power from NTPC’s operational solar projects through open access by commercial and industrial consumers,...

August 12, 2026

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Funding and M&A Roundup: Ore Energy Raises $43 Million

From: Mercom Capital Group Ore Energy, a developer of iron-air batteries for long-duration energy storage, has raised $43 million in Series A funding in a round co-led by Plural and HV. Positron Ventures also participated in the round, bringing the...

August 12, 2026

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MENA Weekly Round-Up: BYD Energy Wins 5.2 GW Solar, 19 GWh Storage Project

BYD Energy Storage secured a major contract from Masdar to supply battery energy storage systems for the round-the-clock (RTC) renewable energy project in Abu Dhabi. Jointly developed by Masdar and the Emirates Water and Electricity Company, the RTC...

August 12, 2026

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NTPC Mining Invites EoIs for 40 MW Solar Power Projects

NTPC Mining (NML) has invited expressions of interest (EoIs) to develop a cumulative capacity of 40 MW of ground-mounted solar power projects at two locations in Jharkhand and Chhattisgarh under the renewable energy service company (RESCO) mode. The...

August 11, 2026

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Bihar Draft Grid Code Proposes Primary Frequency Response for Renewables

The Bihar Electricity Regulatory Commission (BERC) has proposed that wind and solar projects with battery energy storage systems (BESS), with capacities above 10 MW and connected at 33 kV or higher, must be capable of increasing their output to at...

August 11, 2026

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Dilip Buildcon to Sell Stakes in Under-Construction Solar, Transmission Projects

Engineering, procurement and construction company Dilip Buildcon’s board of directors has approved the divestment of its stakes in an under-construction solar project in Madhya Pradesh and a power transmission project in Karnataka to Alpha...

August 11, 2026

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European Energy Secures $78 Million for UK Solar and Battery Project

European Energy,  a renewable energy project developer, has secured £58.1 million (~$78.5 million) in construction financing for its Indian Queens hybrid renewable energy project in Cornwall, U.K. The project comprises a 68 MW solar park and a 47.5...

August 11, 2026

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CIP Secures $510 Million for Solar Plus Storage Project in Mexico

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has reached financial close for the La Esperanza Solar project in Mexico. Located in Campeche, Mexico’s Yucatán Peninsula, the project will comprise 420 MW of solar...

August 11, 2026

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