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 ...
US Announces $3 Billion Funding to Boost Domestic Battery Manufacturing & Supply Chains

US Announces $3 Billion Funding to Boost Domestic Battery Manufacturing & Supply Chains

The U.S. Department of Energy (DOE) announced $3.16 billion in funding from President Biden’s ‘Bipartisan Infrastructure Law’ to expand domestic battery manufacturing, bolster domestic supply chains, and spur job creation ...
Draft Battery Swapping Policy Released

Draft Battery Swapping Policy Released

NITI Aayog has issued the draft battery swapping policy addressing the key technical, regulatory, institutional, and financing challenges to help India develop battery-swapping ecosystems to unlock the large-scale adoption of ...
US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

US Installs a Record 4.7 GWh of Energy Storage Capacity in Q4 2021

The U.S. energy storage system (ESS) market registered a record growth in new system installations with 4,727 MWh in the fourth quarter (Q4) of 2021, according to global research and ...
Global Lithium-ion Battery Capacity To Increase Five-Fold To 5,500 GWh By 2030 Report

Global Lithium-ion Battery Capacity to Increase Five-Fold to 5,500 GWh by 2030: Report

According to Wood Mackenzie, a global research and consultancy firm, the cumulative lithium-ion battery capacity is likely to rise over five-fold to 5,500 GWh between 2021 and 2030, keeping in ...
Ministry Issues Guidelines to Procure Power from Battery Energy Storage Systems

Ministry Issues Guidelines to Procure Power from Battery Energy Storage Systems

The Ministry of Power has issued guidelines to procure and utilize battery energy storage systems (BESS) as part of the generation, transmission, and distribution assets, along with ancillary services. The ...
India's Annual Battery Market Could Surpass $15 billion by 2030 NITI Aayog Report

India’s Annual Battery Market Could Surpass $15 Billion by 2030: NITI Aayog Report

NITI Aayog, in collaboration with the Rocky Mountain Institute (RMI), recently published a report, which estimates India's future demand for batteries under an 'accelerated scenario' and a 'conservative scenario,’ to ...
US Department of Energy to Invest $2.91 Billion to Boost Advanced Batteries’ Production

US Department of Energy to Invest $2.91 Billion to Boost Advanced Batteries’ Production

The U.S. Department of Energy (DOE) issued two notices of intent to invest $2.91 billion to enhance the production of advanced batteries, critical to the fast-growing clean energy industries, including ...
Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Energy Storage Company Flux Power Logs $7.7 Million Revenue in Q2 FY 2022, a 19% Growth YoY

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, has reported a revenue of $7.7 million in the second quarter (Q2) of the fiscal year (FY) 2022, a 19% year-over-year ...
Fuel Cell Company Bloom Energy’s Revenue Up 37% YoY to $342.5 Million in Q4 2021

Fuel Cell Company Bloom Energy’s Revenue Up 37% YoY to $342.5 Million in Q4 2021

Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, has reported a revenue of $342.5 million in the fourth quarter (Q4) of 2021, a 37.3% year-over-year (YoY) growth compared to ...
Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Fluence, a provider of energy storage products and services, has announced the results for the first quarter (Q1) of the fiscal year (FY) 2022. The company reported total revenue of ...
Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

Tax and Duty Relief Top of the Budget 2022 Wishlist of Energy Storage Companies

The Indian energy storage market did not gain much ground in 2021. However, energy storage developers believe 2022 will witness higher capacity additions. According to Mercom India Research, India has only 20 MW ...
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

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

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

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 ...