Flux Power’s Revenue Up by 61% YoY to $42.3 Million in FY 2022 as Sales Volumes Surge

Flux Power’s Revenue Up by 61% YoY to $42.3 Million in FY 2022 as Sales Volumes Surge

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a 61% year-over-year (YoY) growth in revenue on the back of shipments of $42.3 million for the fiscal year (FY) ...
Domestic Battery Manufacturing Crucial to Achieving India's Non-Fossil Fuel Goals

Domestic Battery Manufacturing Crucial to Achieving India’s Non-Fossil Fuel Goals

Developing a localized advanced cell supply-chain ecosystem will help India create a competitive advantage in mobility, grid energy storage, and consumer electronics, according to a report. NITI Aayog and Rocky ...
/ / Energy Storage, Market & Policy
West Bengal Issues Open Access Regulations Including Green Energy

West Bengal Issues Open Access Regulations Including Green Energy

Consumers who have contracted demand or sanctioned load of 100 kW will be eligible to procure green energy through open access in West Bengal, according to the Open Access Regulations, ...
/ / Market & Policy, Solar
Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

Indian solar monitoring and analytics platform Prescinto Technologies has raised $6.5 million in financing and forayed into the U.S. market. The company is partnering with a major international energy storage ...
New Battery Waste Management Rules Mandates Recycling by Local Producers and Importers

New Battery Waste Management Rules Mandates Recycling by Local Producers and Importers

The Ministry of Environment, Forest, and Climate Change has published the Battery Waste Management Rules, 2022 ensuring environment-friendly management of waste batteries, including electric vehicle (EV), portable, and automotive and ...
Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 for Q3 FY 2022

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

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 ...
Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

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, 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 (1)

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

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 ...
Europe's Battery Cell Production Capacity to Increase to 1.5 TWh by 2030

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

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 ...
Corporate Funding for Battery Storage Firms up by 64% YoY in 1H 2022

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, ...
Reusing Discarded Materials Could Spawn a Circular Economy in Energy Storage Sector

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 ...
Second-Life Battery Energy Storage Company Secures $18 Million in Funding

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 ...
US Added 955 MW of New Energy Storage Installations in Q1 2022

US Added 955 MW of New Energy Storage Installations in Q1 2022

The U.S. energy storage market added 955 MW and 2,875 MWh of new installations across all segments in the first quarter (Q1) of 2022, taking the total grid-scale installations capacity ...
DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

DOE Announces First Loan Guarantee for a Clean Energy Storage Project in Eight Years

The Loans Programs Office (LPO) of the United States Department Of Energy (DoE)  has closed a $504.4 million loan guarantee for an Advanced Clean Energy Storage (ACES) project in Utah ...
Sungrow to Supply to Tata Power's 60.56 MWh Battery Energy Storage Project in Ladakh

Sungrow to Supply to Tata Power’s 60.56 MWh Battery Energy Storage Project in Ladakh

Inverter manufacturer Sungrow has announced that it will be supplying its storage solutions to Tata Power Solar Systems' (TPSSL) 60.56 MWh battery energy storage system (BESS) project at Phyang, in ...
Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported a revenue of $2.2 million in the first quarter (Q1) 2022, a 358% year-over-year (YoY) increase compared to $480,000 in Q1 ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Energy Storage Solutions Provider Eos Energy's Revenue Up by 6.5% QoQ in Q1 CY 2022

Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022

U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
Emerging Economies Like India Must Focus on Storage Technologies Report

Emerging Economies Like India Must Focus on Storage Technologies: Report

A recent report by the Massachusetts Institute of Technology's Energy Initiative (MITEI) has studied the role of energy storage technologies with variable renewable energy resources to establish deep decarbonized electricity ...
Battery Storage Company Flux Power's Revenue Up by 89% YoY in Q3 FY 2022

Battery Storage Company Flux Power’s Revenue Up by 89% YoY in Q3 FY 2022

U.S.-based lithium-ion storage solutions provider Flux Power Holdings recorded $13.2 million in revenue in the third quarter (Q3) of the fiscal year 2022, an increase of 89% from $7 million ...
Plug Power Posts $156 Million Loss in Q1 2022, Pins it on Rising Natural Gas Prices

Plug Power Posts $156 Million Loss in Q1 2022, Pins it on Rising Natural Gas Prices

Plug Power, a U.S.-based hydrogen fuel cell (HFC) turnkey solutions company, recorded a revenue of $140.8 million in the first quarter (Q1) of 2022, a 96% year-over-year (YoY) growth compared ...