VC Funding for Battery Storage Rises by 104% in the First Nine Months of 2019
Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first nine months (9M) of 2019 was 54% higher ...
The Right Mix of Energy Storage Technologies Can Have a Huge Impact: Interview
As India installs solar and wind energy at a rapid pace, grid congestion is a regular occurrence, power cuts are still prevalent, and curtailment of solar and wind is rampant ...
Tata Power and IFC to Study Energy Storage Potential in Power Distribution System
Tata Power Delhi Distribution (TPDDL) and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have signed a memorandum of understanding (MoU) to assess the energy ...
FICCI Endorses Battery Swapping Facilities to Boost EV Adoption Under FAME Program
The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested the inclusion of the battery swapping model of charging under the Faster Adoption and Manufacturing of Electric Vehicles ...
Greenko Raises $495 Million to Invest in 2.4 GW of Energy Storage Projects
General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings (Greenko), a renewable energy project ...
MNRE Invites Preliminary Proposals for Gravity-Based Storage Project
The Ministry of New and Renewable Energy (MNRE) has issued invitations requesting proposals to develop gravity storage projects and also to utilize solar photovoltaic (PV) to produce hydrogen from seawater ...
MNRE Issues Testing Guidelines for Battery Storage
The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines for performance testing of batteries (lead-acid and nickel-based chemistry type) series approval for mandatory registration with the Bureau ...
AES, Mitsubishi and Tata Commission 10 MW Battery Energy Storage System in Delhi
The 10 MW grid-connected system will be owned by AES and Mitsubishi Corporation. Fluence, a supplier of energy storage technology jointly owned by Siemens and AES, supplied the Advancion lithium-ion ...
India Sanctioned Energy Storage Projects Worth ₹115 Million in Last 4 Years
India is now working toward a National Energy Storage Mission (NESM) to keep pace with the changing dynamics of the energy market. As energy storage projects are almost negligible in ...
Tata Power Agrees to Deploy 35 MWh of Gravity-Based Energy Storage from Energy Vault
Tata Power, an Indian power conglomerate, has announced that it will deploy a 35 MWh Energy Vault system in the next year. Energy Vault system is based on the the ...
World Bank to Invest $1 Billion Towards Battery Storage to Promote Renewables Globally
The World Bank Group has committed $1 billion for a new global program to accelerate investment in battery storage for energy systems in developing and middle-income countries. The program is ...
MNRE Broadens the Definition of ‘Storage’ in its Wind-Solar Hybrid Policy
The Ministry of New and Renewable Energy (MNRE) has amended the National Wind-Solar Hybrid Policy to remove the word ‘battery’ from the relevant clauses in order to broaden the definition ...
India Working Towards a National Energy Storage Mission
To keep pace with the changing dynamics of the energy markets, India is now working toward a National Energy Storage Mission (NESM). In February 2018, a committee with representatives from ...
Sungrow Opens 3 GW Solar Inverter Manufacturing Unit in India
Sungrow, a global inverter and energy storage system (ESS) solutions supplier for renewables, has inaugurated its solar inverter manufacturing unit in Bangalore. The facility will be of 3 GW capacity ...
Exicom to Provide Li-Ion Batteries for Kinetic Green’s E-Rickshaws
Energy storage solutions provider Exicom has partnered with Kinetic Green, country’s leading manufacturer of government-approved electric three-wheeler vehicles, to provide them advanced Lithium-Ion (Li-ion) batteries for their E-Rickshaws. E-Rickshaws are expected ...
Interview: A Cheaper Inverter is Not Always a Better Option for Solar Projects
For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the segment, and numerous entrants ...
ISRO Offers to Transfer its Li-ion Cell Technology to Suitable Industries and Start-ups
Vikram Sarabhai Space Centre (VSSC), a part of Indian Space Research Organisation (ISRO), has invited applications regarding the Request for Qualification (RFQ) to transfer its in-house developed Li-ion cell technology ...
Enphase to Acquire SunPower’s Microinverter Business
Enphase Energy and SunPower Corporation have announced the signing of a definitive agreement under which Enphase will acquire SunPower's microinverter business. Enphase will be acquiring the microinverter business for $25 ...
Raasi Group to Set up Li-Ion Battery Manufacturing Unit in Tamil Nadu
The Central Electro Chemical Research Institute (CECRI), which comes under the Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd have signed a Memorandum of Agreement ...
IFC to Invest $8 Million in Lithium Urban Technologies
The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $8 million in Lithium Urban Technologies Private Limited, a corporate employee transportation (CET) aggregator in ...
New Water-Based Battery to Store Solar, Wind Energy
Researchers at Stanford claim to have developed a water-based battery that can provide a better solution than lithium-ion for storing solar and wind energy, according to the journal Nature Energy. Though ...
Funding in Global Battery Storage Sector Surges to $299 Million in Q1 of 2018
The fledgling energy storage industry is rapidly gaining momentum in the domestic as well as the international markets. Realizing the importance of energy storage, an increasing number of players are ...
Sungrow Enters Indian Market with 3 GW Inverter Manufacturing Facility in Bengaluru
Sungrow, a global inverter manufacturer and supplier, is going to strengthen its global delivery capability by establishing a new factory in Karnataka’s capital city of Bengaluru. The new manufacturing facility ...
Interview: India Needs to Strengthen Battery Energy Storage Manufacturing Sector
India’s renewable energy sector needs a strong backbone in the form of a robust energy storage industry in order to sustain its growth trajectory, according to Naveen Sharma, vice president ...
India Will Soon Have its First Grid-Scale Energy Storage System
AES India and Mitsubishi Corporation have begun the construction of India’s first utility-scale energy storage system in the national capital. The 10 MW energy storage system will serve the grid ...
