Energy Storage

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Battery Manufacturer Northvolt Files for Bankruptcy Protection in the US

Sweden-headquartered battery developer and manufacturer Northvolt AB has filed for bankruptcy protection in the U.S. The company will seek to restructure under Chapter...

November 25, 2024

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Tina Freese

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Energy Storage

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Renewable Energy
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Dubai’s 250 MW/1,500 MWh Pumped Storage Project to Begin Trials in Q1 2025

Dubai Electricity and Water Authority (DEWA) has announced that its 250 MW pumped hydropower storage project in Hatta will begin trial operations in the first quarter of...

November 14, 2024

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Staff

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Energy Storage

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Market & Policy
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Enphase to Pare Jobs by 17%, Focus on Manufacturing in India, US and China

Microinverter and battery storage supplier Enphase Energy has unveiled a restructuring plan to align its workforce and cost structure with current market conditions and...

November 13, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Battery Tech Firm Solid Power Reports 26.94% YoY Fall in Q3 Revenue

Solid Power, which develops solid-state battery technology for electric vehicles, reported a revenue of $4.7 million in the third quarter (Q3) of 2024, reflecting a 26....

November 12, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Eos Energy Q3 Revenue of $854,000 Misses Estimates by 87%

Energy storage solutions provider Eos Energy Enterprises reported a revenue of $854,000 for the third quarter (Q3) of 2024, a 24.9% year-over-year (YoY) increase from...

November 11, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Mahanagar Gas, IBC to Build ₹2.3 Billion Li-ion Cell Gigafactory in Bengaluru

Natural gas company Mahanagar Gas (MGL) will invest ₹2.3 billion (~$27.2 million) in IBC India to establish a gigafactory in Bengaluru to manufacture prismatic NMC...

November 8, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Rajasthan Invites Bids for 500 MW/1000 MWh Standalone BESS

Rajasthan Rajya Vidyut Utpadan Nigam (RRUVNL) has invited bids to set up 500 MW/1,000 MWh standalone Battery Energy Storage Systems (BESS) with a greenshoe option of 500...

November 7, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third...

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Energy Storage Firm Stem’s Q3 Revenue Plunges on Lower Hardware Sales

Smart energy storage company Stem‘s revenue in the third quarter (Q3) of 2024 dropped 78% to $29.3 from $133.7 million in Q3 2023 due to lower battery hardware...

November 6, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Funding and M&A Roundup: Redoxblox Raises $30 Million in Series A Funding

Redoxblox, a thermochemical energy storage company, raised an additional $30 million in Series A funding. The funding round was led by Prelude Ventures and joined by...

November 6, 2024

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Staff

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Energy Storage

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Finance and M&A
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SECI Floats Tender to Procure 1.2 GW Round-the-Clock Renewable Power

Solar Energy Corporation of India (SECI) has invited bids to procure 1.2 GW of round-the-clock (RTC) power from interstate transmission system (ISTS)-connected renewable...

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