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 ...
TOTAL’s Subsidiary Saft Launches New Brand of Batteries in India
Saft, a wholly-owned subsidiary of TOTAL, recently announced the launch of the Saft Urja brand batteries to be manufactured and sold by its Indian subsidiary. The company specializes in advanced ...
Energy Storage Solutions Provider Stem Goes Public in a $1.35 Billion SPAC Deal
Artificial intelligence (AI)-driven clean energy storage systems provider - Stem Incorporated - and publicly-traded special purpose acquisition company (SPAC) - Star Peak Energy Transition Corp – declared that they have ...
Telangana Drafts A Detailed Plan for Integration of Smart Grid Technology
The Telangana State Electricity Regulatory Commission (TSERC) has drafted smart grid regulations to enhance the efficiency of its power generation, transmission, and distribution networks. The TSERC Smart Grid Regulations, 2020 ...
Zinc Battery Manufacturer Eos Energy Storage Lists on Nasdaq
Eos Energy Storage, a United States-based zinc-battery storage system manufacturer, has gone public on the Nasdaq Capital Market in a rare battery energy storage listing. The company announced that it ...
Zenobe Energy Secures £150 Million For Grid-Scale Battery and EV Charging Solutions
Zenobe Energy, a battery storage solutions provider, announced that it secured an investment worth £150 million (~$ 198.91 million) from Infracapital, the infrastructure equity investment arm of M&G. The company ...
Battery Storage Solutions Provider Form Energy Raises $70 Million
Massachusetts-based Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations – said it received its largest funding yet ...
European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 Million
Skeleton Technologies, an Estonia-based manufacturer of ultracapacitor-based energy storage, announced that it raised €41.3 million (~$48.5 million) in a Series D financing round from a group of investors. With this ...
2015-2018 Saw 70% Dip in the Price of Utility-Scale Battery Storage in the US Market
The average energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152/kWh in 2015 to $625/kWh in 2018, according to the U.S. Energy Information ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3
Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
