JSW Renew Energy Wins SECI Tender for 1 GWh Battery Energy Storage Systems
JSW Renew Energy Five Limited, a special purpose vehicle (SPV) of JSW Energy, has won Solar Energy Corporation of India’s (SECI) auction to set up pilot projects of 500 MW/1000 ...
Inexpensive Aluminium-Sulfur Batteries Could Outperform Lithium-ion: MIT Research
A team of researchers at MIT and elsewhere have developed a new type of battery made from abundant and cheaper materials such as aluminum and sulfur. Lithium-ion batteries that are ...
Meeting Renewable Targets and Saving Costs Through Solar Adoption in C&I Segment
Companies in the commercial and Industrial (C&I) segment have significantly turned to renewable energy to meet their energy needs and save money on electricity costs. In many states currently, the ...
Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022
U.S.-based global energy storage technology and services provider Fluence recorded revenue of $239 million for the third quarter (Q3) of the financial year (FY) 2022 against $278 million in Q3 ...
Iron Flow Battery Maker ESS Tech Posts Rise in Revenue in Q2 2022
U.S.-based manufacturer of long-duration iron flow batteries, ESS Tech, Inc., posted revenue of $686,000 for the second quarter (Q2) compared to zero revenue generation for the same period in 2021 ...
Bids Invited for Solar Battery Banks at Various Locations in Ladakh
Kargil Renewable Energy Development Agency (KREDA) has invited bids for supplying, installing, and commissioning solar tubular (gel type) battery banks of various capacities at locations across the Kargil district in ...
GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems
Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to set up pilot projects of 1 GWh (500 MW x 2 hours) standalone battery energy storage systems (BESS) in Gujarat ...
Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022
Gravity-based energy storage solutions provider Energy Vault has announced the financial results for the first half (1H) and second quarter (Q2) of the calendar year (CY) 2022. The Switzerland-based company ...
Tokyo University Research Demonstrates Efficacy of Magnesium Ion-Based Batteries
Researchers from Japan have developed a novel Mg2+ (magnesium ions) conductor with practically applicable superconductivity, which overcomes their poor conductivity in solids at room temperature. Solid-state rechargeable lithium-ion (Li+) batteries ...
Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022
Smart energy storage company Stem recorded revenue of $67 million in the second quarter (Q2) of 2022, a year-over-year (YoY) increase of 246% from $19 million. Stem attributed higher hardware ...
Reliance, Ola and Rajesh Exports Sign Agreement for Battery Storage Under PLI Program
Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have signed the program agreement under the Production Linked Incentive (PLI) Program for Advanced Chemistry Cell (ACC) Battery Storage. Mercom had ...
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 ...
Enphase Energy’s Revenue Surges 66% YoY to $530 Million in Q2 2022
Microinverter-based solar-plus-storage systems company Enphase Energy recorded second-quarter (Q2) revenue of $530.2 million, a year-over-year (YoY) increase of 66% from $316.05 million in Q2 2021. The company said that the ...
Finland-Based Stora Enso and Northvolt to Produce Batteries Using Renewable Wood
Taking a step further to maintain sustainability in battery production, Finland-based forest products manufacturer Stora Enso and lithium-ion battery producer Northvolt inked an agreement to develop what is claimed to ...
Europe’s Battery Cell Production Capacity to Increase to 1.5 TWh by 2030
Europe is expected to achieve a battery cell production capacity of 124 GWh during 2022, with significant Asian cell producers expanding operations in the region and extensive investments in many ...
Storage Key to Unlocking Full Potential of Solar and Wind Energy Sources
Given the intermittent nature of solar and wind energy and the growing demand for round-the-clock power in India, energy storage is the vital missing piece. Energy storage is key to ...
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 ...
Corporate Funding for Battery Storage Firms Up by 64% YoY in 1H 2022
Global corporate funding for battery storage, smart grid, and energy efficiency companies in the first half (1H) 2022 increased to $17 billion compared to $10.4 billion raised in 1H 2021, ...
Ola to Set up $500 Million Battery Innovation Center in Bengaluru
Bengaluru-based electric vehicle (EV) manufacturer Ola Electric announced that it will invest $500 million in setting up a state-of-the-art Battery Innovation Center (BIC) in Bengaluru. According to the company, the ...
Researchers Develop Metal-Free Electrolyte to Make Large-Capacity Batteries
Two researchers from the University of Arizona have developed a metal-free electrolyte that they plan to use to make non-toxic batteries that can store large amounts of electricity. The team ...
Indian Scientists Develop Sodium-ion Batteries for E-Cycles Using Nanomaterials
Scientists at the Indian Institute of Technology (IIT), Kharagpur, have used nanomaterials to develop sodium-ion (Na-ion) batteries and supercapacitors that can be integrated into e-cycles for rapid charging. The aim ...
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 ...
BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires
The Bureau of Indian Standards (BIS) has issued performance standards for electric vehicle (EV) batteries to ensure the safety of the consumers amidst the report of EV fires across the ...
Battery Recycling Startup BatX Energies Raises $1.6 Million In Seed Funding Round
India-based lithium-ion battery recycling startup BatX Energies raised $1.6 million in a seed funding round led by JITO Angel Network. The round saw participation from existing investors such as Rohit ...
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 ...
