India Needs 38 GW of 4-Hour Battery Storage to Integrate 450 GW of Renewables by 2030: Study

India Needs 38 GW of 4-Hour Battery Storage to Integrate 450 GW of Renewables by 2030: Study

In a joint study, Finnish power conglomerate Wartsila and consulting firm KPMG have said that supply-side flexibility is needed at the pan-India level to integrate 450 GW of renewables by 2030 efficiently ...
Battery-Grade Lithium Producer Mangrove Raises $10 Million in Series A Funding

Battery-Grade Lithium Producer Mangrove Raises $10 Million in Series A Funding

Battery-grade lithium hydroxide producer Mangrove Lithium has closed a $10 million Series A investment round led by Breakthrough Energy Ventures (BEV). The fund will be used to build its first ...
Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Battery storage systems are critical to effectively integrate increasing solar and wind energy into the grid, given the intermittent nature of renewable energy sources. Energy storage is the ideal solution ...
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
/ / Energy Storage, Large Scale
Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

The demand for round-the-clock power from renewables is on the rise. Given the intermittent nature of renewable energy sources, the time is ripe for India to create an enabling environment ...
Storage Solutions Provider Yotta Energy Raises $13 Million in Series A Funding

Storage Solutions Provider Yotta Energy Raises $13 Million in Series A Funding

Yotta Energy, a U.S.-based energy storage solution provider, has raised $13 million in a Series A funding round. The company has raised a funding of $20 million to date. WIND ...
Bids Invited for Manufacturing of Advanced Chemistry Cells for Energy Storage

Bids Invited for Manufacturing of Advanced Chemistry Cells for Energy Storage

Through its Ministry of Heavy Industries, the Government of India has invited bids to select manufacturers for setting up production capacities for at least 5 GWh and totaling up to ...
Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Corporate Funding for Battery Storage Companies Jumps to a Record $11.4 Billion in 9M 2021

Global corporate funding, including venture capital (VC) funding, public market and debt financing for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2021, was ...
BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

Bharat Heavy Electricals (BHEL) has invited bids to select partners to set up a gigawatt-scale advanced chemistry cell battery storage facility through a special purpose vehicle (SPV) under the Government ...
Power Generated from Co-firing of Biomass Qualifies for Meeting Non-Solar RPO Targets

Power Generated from Co-firing of Biomass Qualifies for Meeting Non-Solar RPO Targets

The Punjab State Electricity Regulatory Commission (PSERC), in a recent order, ruled that power generated from co-firing of biomass will be considered as renewable energy and eligible for meeting the ...
/ / Biofuel, Market & Policy
Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities

Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities

Ford Motor Company and SK Innovation plan to invest $11.4 billion to develop electric vehicle and battery manufacturing facilities in the United States. The companies will form a new joint venture called BlueOvalSK ...
/ / Energy Storage, Technology
US Installs 345 MW of New Energy Storage Systems in Q2 2021 Report

US Installs 345 MW of New Energy Storage Systems in Q2 2021: Report

According to Wood Mackenzie’s latest report, the United States installed 345 MW of new energy storage systems in the second quarter (Q2) of 2021 – a year-over-year (YoY) increase of ...
/ / Energy Storage, Market & Policy
An Energy Storage Technology That Could Reduce Charging Time to Minutes

An Energy Storage Technology That Could Reduce Charging Time to Minutes

Researchers from Tulane University developed an energy storage technology that could reduce charging time to a matter of minutes compared to lithium-ion batteries.  The study was funded by the Department ...
/ / Energy Storage, Technology
Battery Analytics Company ACCURE Secures $8 Million Funding

Battery Analytics Company ACCURE Secures $8 Million Funding

Blue Bear Capital, a U.S.-based investor, focused on digital technologies for energy and climate solutions, Capnamic Ventures, and 42CAP have invested $8 million in ACCURE - a software and artificial ...
/ / Energy Storage, Market & Policy
Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Researchers at the National Renewable Energy Laboratory (NREL) are in the advanced stages of prototype testing a new thermal energy storage technology— Economic Long-Duration Electricity Storage by Using Low-Cost Thermal ...
/ / Energy Storage, Technology
Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Automotive electrical components manufacturer Lucas TVS and U.S.-based 24M Technologies plan to set up a ₹25 billion (~$342.33 million) gigafactory near Chennai to manufacture innovative and disruptive lithium-ion (Li-ion) battery ...
/ / Energy Storage, Large Scale
Researchers Claim to Have Found a Stable, High Energy Density Lithium-Metal Battery

Researchers Claim to Have Found a Stable, High Energy Density Lithium-Metal Battery

Researchers from Helmholtz Institute Ulm and Cheongju University have developed a new lithium-metal battery that claims to offer an extremely high energy density of 560 watt-hours per kilogram with remarkably ...
/ / Energy Storage, Technology
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates

FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates

Software technology provider for energy storage solutions, FlexGen Power Systems, has received a $150 million equity commitment from funds managed by the affiliates Apollo Global Management. Denver-based venture capital firm, ...
/ / Energy Storage, Market & Policy
Researchers Develop a Stable Catholyte for Aqueous Organic Redox Flow Batteries

Researchers Develop a Stable Catholyte for Aqueous Organic Redox Flow Batteries

Researchers at the University of Akron, United States, have asserted that they have developed the most stable catholyte (positive electrolyte) for aqueous organic redox flow batteries (AORFB) and demonstrated cells that ...
/ / Energy Storage, Technology
India’s Energy Storage Capacity Could Reach 800 GW by 2050 NREL

India’s Energy Storage Capacity Could Reach 800 GW by 2050: NREL

The National Renewable Energy Laboratory (NREL) has published a report, “Energy Storage in South Asia: Understanding the Role of Grid-Connected Energy Storage in South Asia’s Power Sector Transformation.” The report ...
Indian Researchers Develop a Dendrite-Free Zinc-Iron Redox-Flow Battery

Indian Researchers Develop a Dendrite-Free Zinc-Iron Redox-Flow Battery

The widespread deployment of renewable energies such as wind and solar has increased the demand for energy storage. Redox-flow batteries are scalable energy-storage devices that are one of the most ...
/ / Energy Storage, Technology
Researchers Claim a New Material Can Lower Production Cost of Lithium Batteries

Researchers Claim a New Material Can Lower Production Cost of Lithium Batteries

Researchers from the University of Science and Technology of China (USTC) claimed to have developed a new material, lithium zirconium chloride (LZC), which could help lower solid-state lithium batteries' production ...
Molten Sodium Batteries Improve Grid-Scale Energy Storage

Molten Sodium Batteries Improve Grid-Scale Energy Storage

Researchers at Sandia National Laboratories have designed a new class of molten sodium batteries for grid-scale energy storage. The development of the new sodium battery was supported by the Department ...
The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on a build-own-operate (BOO) basis. SECI will enter into an agreement with the successful bidders selected based on the request for selection (RfS) for 25 years as per the terms, conditions, and provisions of the RfS. As this is only a notice announcing the tender, no details about the projects to be developed are available yet. The detailed tender document is likely to be made available on August 31, 2021. This is the largest tender announced for energy storage in India. Most other energy storage tenders were in combination with renewable energy sources, while this is for a standalone energy storage system. Last month, NTPC Limited invited expression of interest from Indian and global companies to set up 1,000 MWh of grid-connected battery energy storage systems (BESS) on the premises of its power projects across India. Interested applicants would be invited to undertake projects at single or multiple NTPC stations to set up facilities and scalable models for further additional requirements. According to Mercom’s India Solar Tender Tracker, SECI has issued 373 MW of solar tenders for projects with BESS as of December 2020. In December 2020, SECI floated a tender for a 20 MW solar project with a 50 MWh battery energy storage system. The project will be set up in Phyang, located in Leh district of the union territory of Ladakh. Mercom had earlier reported that SECI issued amendments to the tender document for 100 MW (AC) of solar power projects along with a 50 MW/150 MWh battery storage system. The project is slated to be developed at Rajnandgaon in Chhattisgarh. As per the amendments issued by SECI, the annual capacity utilization factor (CUF) guarantee has been removed. In the previous version, it was mentioned that if the contractor failed to achieve the annual guaranteed CUF (36.5%) at the end of the tenth year, then the contractor was liable to pay a compensation amount equal to the net present value of the revenue loss for 10th to 25th year. If the CUF was less than the guaranteed CUF, the contractor had to compensate as liquidated damages, equivalent to the remuneration of the equivalent energy, subject to a maximum of 100% of the total annual operation maintenance cost.

SECI Floats Tender for 2,000 MWh of Standalone Energy Storage Systems

The Solar Energy Corporation of India (SECI) has issued a notice inviting a tender for 2,000 MWh of standalone energy storage systems. The projects have to be set up on ...
Industrial Consumer’s Plea to Expand Existing Solar Project Capacity Rejected

Industrial Consumer’s Plea to Expand Existing Solar Project Capacity Rejected

The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories, in a recent order, has dismissed a high-tension (HT) industrial consumer’s petition, to increase the solar project ...
/ / Market & Policy, Solar