Energy Storage

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Uttarakhand Floats Tenders to Set Up Two 15MW/37.5 MWh BESS Projects

UJVNL, a Government of Uttarakhand undertaking, has floated two tenders to set up 15 MW/37.5 MWh standalone Battery Energy Storage Systems (BESS) each in the Udham Singh...

February 5, 2026

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Rakesh Ranjan

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Energy Storage

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Tenders & Auctions
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VPP Software Provider Lunar Energy Raises $232 Million

Integrated home battery systems and virtual power plant (VPP) software provider, Lunar Energy, has raised $102 million in a Series D funding round led by B Capital and...

February 5, 2026

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Parth Shukla

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Energy Storage

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Market & Policy
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Strong Development and Construction Cut Scatec’s Loss by 72% in Q4 2026

Norway-based renewable energy solutions provider Scatec reported a revenue of NOK1.03 billion (~$106.3 million) in the fourth quarter (Q4) of 2025, declining 10.8%...

February 5, 2026

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Parth Shukla

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Energy Storage

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Finance and M&A

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Solar
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Uttarakhand Invites Bids for 30 MW/75 MWh BESS at Dhakrani Hydel Project

UJVN, a Government of Uttarakhand undertaking, has invited bids for setting up a 30 MW/75 MWh standalone battery energy storage system (BESS) at the Dhakrani Hydro...

February 5, 2026

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Meghana Prasad

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Energy Storage

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Tenders & Auctions
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Loom Solar Launches BESS Scalable Up to 1 MWh for C&I Consumers

Haryana-based solar energy solutions company Loom Solar has announced the launch of its scalable 125 kW/261 kWh CAML battery energy storage system (BESS), which can be...

February 4, 2026

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Melvin Mathew

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C&I

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Energy Storage
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Ola Electric Begins Deliveries of Residential Battery Energy Storage Systems

Ola Electric has begun deliveries of its Ola Shakti home battery energy storage system (BESS) powered by 4680 Bharat cells, marking the company’s entry into the...

February 4, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Aggressive Bidding Puts India’s Energy Storage Push at Crossroads

Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies...

February 4, 2026

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Rakesh Ranjan

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Energy Storage

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Mercom Research Focus
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Energy Storage Sees Increased VC Investment Momentum in 2025

Venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the...

February 3, 2026

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Meghana Prasad

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Energy Storage

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Mercom Research Focus

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Smart Grid
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MENA Weekly Roundup: Nextpower Arabia to Supply 2.25 GWp Trackers to L&T

Nextpower Arabia, the newly formed joint venture between Nextpower and Abunayyan Holding, announced it will supply 2.25 GWp of advanced solar tracking systems to Larsen...

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Shreyas Sortex Industries Wins NVVN’s 250 MW/500 MWh BESS Auction

Shreyas Sortex  Industries has won NTPC Vidyut Vyapar Nigam’s (NVVN) auction to set up a 250 MW/500 MWh standalone battery energy storage system (BESS) in Kerala. The...

February 2, 2026

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Rakesh Ranjan

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Energy Storage

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Tenders & Auctions
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Higher Capacity Additions, CUF Drive ACME’s Q3 FY 2026 Revenue Up by 54%

Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹6.17 billion (~$67.14 million) in the third quarter (Q3) of the financial year...

January 30, 2026

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Parth Shukla

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Market & Policy

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Renewable Energy
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Luminous Enters Li-ion Battery Manufacturing with 500 MWh Assembly Line

Gurgaon-based energy solutions provider Luminous Power Technologies has inaugurated its first lithium-ion (Li-ion) battery assembly line at Baddi in Himachal Pradesh....

January 30, 2026

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Rakesh Ranjan

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Energy Storage

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Manufacturing
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China’s Installed Energy Storage Capacity Reached 213.3 GW in 2025

China’s total installed energy storage capacity reached 213.3 GW, increasing 54% year-over-year (YoY), according to preliminary data from the China Energy Storage...

January 30, 2026

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Parth Shukla

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Energy Storage

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Market & Policy
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Underbidding in Battery Energy Storage Auctions Raises Questions Over Project Viability

In recent standalone battery energy storage system (BESS) auctions, several companies have won projects at tariffs below the levelized cost of storage (LCOS), signaling...

January 30, 2026

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Melvin Mathew

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Energy Storage

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Mercom Research Focus
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Long-Duration Energy Storage Costs Expected to Decline Significantly by 2030: Report

Long-duration energy storage (LDES) technologies are expected to see meaningful cost reductions by 2030, driven by technological improvements, increased manufacturing...

January 30, 2026

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Meghana Prasad

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Energy Storage

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Market & Policy

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