Energy Storage

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Chemical Used for Water Treatment Could Find Application in Iron-based Flow Batteries

Researchers at the U.S. Department of Energy’s (DOE) Pacific Northwest National Laboratory (PNNL) have repurposed nitrogenous triphosphate or nitrilotri-methylphosphonic...

March 28, 2024

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Mercom Staff

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Energy Storage

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Market & Policy
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GRIDCO Invites Bids for 2.5 GWh of Energy Storage Capacity

Grid Corporation of Odisha (GRIDCO) has invited bids to procure 500 MW (2,500 MWh) of energy storage capacity with 5 hours of daily peak power support for a period of...

March 26, 2024

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Staff

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Tenders & Auctions
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US Energy Storage Grows at Record Pace with 8.7 GW, Nearly Doubling in 2023

The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...

March 22, 2024

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Staff

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Energy Storage

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Market & Policy
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Jammu and Kashmir to Host India’s Largest Battery Gigafactory at 7 GWh

GoodEnough Energy, a battery energy storage systems (BESS) manufacturer, said it will open India’s largest BESS gigafactory with 7 GWh capacity in Jammu &...

March 20, 2024

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Staff

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Energy Storage
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Ministry Issues Viability Gap Funding Guidelines for Battery Storage

The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide viability gap funding (VGF) of up to 40% to...

March 20, 2024

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Staff

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Energy Storage

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Market & Policy
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Maharashtra Floats Tender for 1 GW Pumped Hydro Storage Capacity

The Maharashtra State Electricity Distribution Company (MSEDCL) has issued a request for selection to procure 1,000 MW of energy storage capacity for 40 years from inter...

March 20, 2024

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Satish Shetty

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Energy Storage

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Tenders & Auctions
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GUVNL Issues Tender for 500 MWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under...

March 18, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Battery Materials Recycler LOHUM Secures ₹4.5 Billion in Series B Funding

India-based battery materials producer LOHUM has raised ₹4.5 billion (~$54 million) in a series B funding from Singularity Growth, Baring Private Equity, Cactus Venture...

March 13, 2024

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Mercom Staff

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Energy Storage

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Finance and M&A
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Gensol and IndiGrid Win GUVNL’s 500 MWh BESS Auction at Record-Low Tariffs

Gensol Engineering and IndiGrid 2 (IndiGrid) have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy...

March 7, 2024

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Satish Shetty

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Energy Storage

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Tenders & Auctions
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Stem Reports First-Ever Positive Quarterly EBITDA in Q4 as Sales Surge

Smart energy storage company Stem’s fourth quarter (Q4) net loss widened by 6.8% to $37.7 million from the net loss of 35.3 million in Q4 2022. The lower gross profit...

February 29, 2024

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Satish Shetty

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Energy Storage

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Market & Policy
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New Technology May Help EV Batteries Charge Faster, Last Longer

Scientists at the U.S. National Renewable Energy Laboratory (NREL) have developed a new manufacturing process called BatMan that could improve electric vehicle (EV)...

February 27, 2024

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Staff

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Technology
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SECI Commissions 120 MWh Battery Energy Storage System in Chhattisgarh

The Solar Energy Corporation of India (SECI) has commissioned a 40 MW/120 MWh Battery Energy Storage System (BESS) project associated with a 100 MW solar power project...

February 26, 2024

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Satish Shetty

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Energy Storage

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Market & Policy
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Researchers Discover New Fast-conducting Li-ion Material

Researchers at the University of Liverpool have discovered a solid material that rapidly conducts lithium ions, which are essential components in the rechargeable...

February 23, 2024

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Staff

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Energy Storage

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Technology
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Sunrun Swings to Q4 Loss Weighed by Lower Sales and High-Interest Rates

United States-based residential solar, battery storage, and energy services company Sunrun swung to a loss in the fourth quarter (Q4) of 2023, hurt by lower sales,...

February 22, 2024

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Staff

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Finance and M&A

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Residential

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Rooftop
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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering...

February 14, 2024

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Staff

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Energy Storage

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Market & Policy

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