Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

From: Mercom Capital Group Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, acquired the 150 MW Revolution battery energy storage project from Con Edison Development, ...
/ / Finance and M&A, Solar
Energy Storage Will Drive the Growth of Renewables in Future (1)

Energy Storage Will Drive the Growth of Renewables in Future

There is a growing need for energy storage systems to supply round-the-clock power, given the intermittent nature of wind and solar energy. India's energy storage capacity stands at 27.2 GWh ...
NTPC Tenders 1,150 MW of Solar and 150 MW150 MWh Battery Energy Storage in Cuba

NTPC Tenders 1,150 MW of Solar and 150 MW/150 MWh Battery Energy Storage in Cuba

NTPC has issued a request for qualification (RfQ) to select developers to set up 1,150 MW grid-connected solar power projects across 175 locations and 150 MW/150 MWh battery energy storage ...
Power Ministry Notifies Wind, Hydro and Energy Storage Purchase Obligation Up to 2030

Power Ministry Notifies Wind, Hydro and Energy Storage Purchase Obligation Up to 2030

The Ministry of Power (MoP) has issued the Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) until the financial year 2029-2030. A committee under the co-chairmanship of secretaries of ...
Hero Future Energies to Develop 10 MW/20 MWh Battery Energy Storage System in Kerala

Hero Future Energies to Develop 10 MW/20 MWh Battery Energy Storage System in Kerala

Hero Future Energies (HFE), the renewable energy venture of Hero Group, was declared the winner of the auction conducted by the Kerala State Electricity Board (KSEBL) for the construction of ...
Jakson Group Launches New Venture to Focus on Green Hydrogen and Energy Storage

Jakson Group Launches New Venture to Focus on Green Hydrogen and Energy Storage

Energy and infrastructure company Jakson Group has launched its new venture, Jakson Green, focusing on green hydrogen, green ammonia, waste to energy, electrolyzers, fuel cells, and utility-scale battery energy storage ...
Reusing Discarded Materials Could Spawn a Circular Economy in Energy Storage Sector

Reusing Discarded Materials Could Spawn a Circular Economy in Energy Storage Sector

Experts at the U.S. Department of Energy’s (DOE's) National Renewable Energy Laboratory (NREL) have outlined key measures to limit and reuse the materials used in diverse designs of photovoltaics and ...
Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

Funding and M&A Roundup: Energy Storage Company Sunlight Secures $158 Million Loan

From: Mercom Capital Group Sunlight Group, a provider of energy storage systems, has received a €150 million (~$158 million) loan from the National Bank of Greece. The loan agreement has ...
/ / Finance and M&A, Other
Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

From: Mercom Capital Group Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, acquired two standalone energy storage projects from Black Mountain Energy Storage. The projects are in the South Load Zone ...
/ / Finance and M&A, Solar
Second-Life Battery Energy Storage Company Secures $18 Million in Funding

Second-Life Battery Energy Storage Company Secures $18 Million in Funding

The Hinduja Group, along with Caterpillar Venture Capital, Mercuria, Our Crowd, and Volvo Energy, is investing £15 million (~$18.45 million) in Connected Energy, a second-life battery energy storage company. The ...
US Added 955 MW of New Energy Storage Installations in Q1 2022

US Added 955 MW of New Energy Storage Installations in Q1 2022

The U.S. energy storage market added 955 MW and 2,875 MWh of new installations across all segments in the first quarter (Q1) of 2022, taking the total grid-scale installations capacity ...
GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW of renewable energy projects with assured peak power supply ...
New York State Awards 1 GW of Solar Plus Energy Storage Projects to EDF Renewables

New York State Awards 1 GW of Solar Plus Energy Storage Projects to EDF Renewables

EDF Renewables North America, a wholly-owned subsidiary of the French utility EDF Group, announced that its three solar plus energy storage projects were awarded long-term contracts by the New York ...
DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

The Loans Programs Office (LPO) of the United States Department Of Energy (DoE)  has closed a $504.4 million loan guarantee for an Advanced Clean Energy Storage (ACES) project in Utah ...
Bids invited to Set up a 10 MW Grid-Scale Battery Energy Storage System in Haryana

Bids invited to Set up a 10 MW Grid-Scale Battery Energy Storage System in Haryana

Dakshin Haryana Bijli Vitran Nigam (DHBVN) is seeking expression of interest (EoI) from any Indian or global company or their consortium, affiliates, or representatives for setting up a grid-scale battery ...
Sungrow to Supply to Tata Power's 60.56 MWh Battery Energy Storage Project in Ladakh

Sungrow to Supply to Tata Power’s 60.56 MWh Battery Energy Storage Project in Ladakh

Inverter manufacturer Sungrow has announced that it will be supplying its storage solutions to Tata Power Solar Systems' (TPSSL) 60.56 MWh battery energy storage system (BESS) project at Phyang, in ...
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 ...