Energy Storage

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Maharashtra Approves ₹123 Billion Clean Energy and Storage Program

The Maharashtra state cabinet has approved a five-year ₹123.03 billion (~$1.48 billion) program to accelerate the deployment of renewable energy and storage. The...

April 30, 2026

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Melvin Mathew

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Energy Storage

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Market & Policy

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Solar
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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00...

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Matrix Renewables Secures $332 Million Non-Recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332...

April 29, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies,...

April 29, 2026

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Rakesh Ranjan

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C&I

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Renewable Energy
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Battery Smart Raises $15 Million from Mirova to Expand EV Charging Network

Gurugram-based Battery Smart, a battery-swapping network for electric two- and three-wheelers operated by Upgrid Solutions, has secured $15 million in debt funding from...

April 29, 2026

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Meghana Prasad

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Energy Storage

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Finance and M&A
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Odisha Approves GRIDCO’s 500 MWh Battery Storage Capacity Procurement

The Odisha Electricity Regulatory Commission (OERC) has approved discovered tariffs in the range of ₹304,000 (~$3,226)/MW/month and ₹354,000 (~$3,757)/MW/month for...

April 28, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Reduced Cooling Needs Drive Global Energy Demand Growth Down to 1.3% in 2025

Global energy demand grew by 1.3%, or 8 exajoules (EJ), in 2025, down from a 2% increase in 2024, according to a report by the International Energy Agency (IEA). This...

April 28, 2026

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Parth Shukla

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Market & Policy

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Renewable Energy
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Batteries Emerging as Multifunctional Assets in India’s Power System

Evolving tariff structures and advances in battery technology are bringing energy storage to the center stage. Industry experts note that batteries are no longer limited...

April 28, 2026

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Parth Shukla

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C&I

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Energy Storage

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Solar
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Energy Storage-Led Approach Gains Ground in Transmission Planning

The National Committee on Transmission recently deliberated on the feasibility of battery energy storage systems (BESS) as a non-wire alternative to conventional power...

April 27, 2026

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B.S. Nagaraj

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Energy Storage

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Market & Policy
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Thermal Energy Storage Startup TheStorage Raises $4.2 Million Seed Funding

Finland-based TheStorage, a provider of industrial thermal energy storage solutions, has raised €3.6 million (~$4.2 million) in a seed funding round to scale its...

April 27, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Saudi Arabia Issues Qualification Process for 12 GWh Energy Storage Projects

The Saudi Power Procurement Company (SPPC) has launched the qualification process for the second group of four-hour-duration battery energy storage projects, with a...

April 24, 2026

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Parth Shukla

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Energy Storage

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Tenders & Auctions
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EIE Renewables to Acquire 150 MWh Battery Storage Project in Bihar

EIE Renewables, a wholly owned subsidiary of Enviro Infra Engineers, has entered into an agreement to acquire PRA Bihar Bess, a special purpose vehicle of Barbrik...

April 23, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Rajasthan Sees Nearly 12 GW of Solar, Wind Curtailment Since January

A staggering 11.5 GW of renewable energy has been curtailed in Rajasthan since January 2026, with March alone accounting for 8.3 GW, prompting developers to seek the...

April 23, 2026

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Melvin Mathew

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Grid

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Market & Policy

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Solar

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Wind
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NLC India Secures $117 Million Loan from KfW for Solar, Storage Projects

NLC India has signed a loan agreement with Germany-based bank KfW for €100 million (~$117.32 million) to support its solar and energy storage projects. The loan will...

April 23, 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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Independent Power Producer ILOS Upsizes Credit Facility to $529 Million

ILOS Projects, a pan-European independent power producer backed by BNP Paribas Asset Management, has upsized its structured credit facility to €450 million (~$529...

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