ReNew Power and Fluence Form JV to Offer Energy Storage Solutions
Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
Industry Expects Energy Storage to Gain More Ground in 2022
India's renewable energy capacity is growing exponentially, driven by the ambitious target of achieving 500 GW of non-fossil energy capacity by 2030. Energy storage is expected to play a critical ...
Guidelines for Developing Sustainable Energy Storage Supply Chain Policies
The U.S. Energy Storage Association (ESA) has published guidelines for building a responsible energy storage supply chain policy that fits into environmental, social, and governance (ESG) considerations. Lithium-ion batteries are ...
Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%
The Middle East and North African (MENA) countries must rapidly scale up and integrate variable renewable energy (VRE) – such as solar photovoltaic (PV) and onshore wind – into their ...
U.S. Installs 3.51 GWh of New Energy Storage Capacity in Q3 2021: Report
The United States installed a record 3.51 GWh of new energy storage capacity in the third quarter (Q3) of 2021, Wood Mackenzie said in a report. In Q3 2021, the utility-scale front-of-the-meter ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
Department of Heavy Industries Issues Details on PLI Program for Battery Storage
The Department of Heavy Industry (DHI), Government of India, has issued a notification for the performance-linked incentive (PLI) program 'National program on Advanced Chemical Cell (ACC) battery storage' to implement ...
US Grid-Scale Storage Capacity Could Grow Over 125 GW by 2050: NREL
In a recent report published by National Renewable Energy Laboratory (NREL) under the Storage Futures Study (SFS), analysts found significant market potential for utility-scale diurnal storage (up to 12 hours) ...
US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021
The United States installed 910 MWh of new energy storage systems in the first quarter (Q1) of 2021 – an increase of 252% over Q1 2020, making it the biggest Q1 ...
Production-Linked Incentive Program for Battery Storage Gets Cabinet Approval
The Union Cabinet has approved the 'National Program on Advanced Chemistry Cell Battery Storage' under the production-linked incentive (PLI) initiative. According to the Cabinet's notification, the program aims to achieve ...
Battery Maker ESS Technology Goes Public in a $1.07 Billion SPAC Deal with ACON
California-based utility-scale energy storage battery manufacturer ESS Technology has announced its merger with ACON S2 Acquisition Corp, a publicly traded special purpose acquisition company (SPAC). The collaboration has led it ...
Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra
The Maharashtra Electricity Regulatory Commission (MERC) has accepted Tata Power Renewable Energy's (TPREL) petition seeking to declare levy of safeguard duty (SGD) on the import of solar cells as a ...
Outlook for Energy Storage in 2021
As renewable installations in the country rise, it is crucial to ensure adequate energy storage solutions are in place to support renewables integration into the power mix. While the Indian government ...
Biden Rescinds Trump’s Stand on Climate Change; US Rejoins Paris Climate Agreement
United States President, Joe Biden, signed an executive order to rejoin the Paris Climate Accord on the first day of his assuming office on January 21, 2021. The decision was ...
