Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

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

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

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

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

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

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

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

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 ...
/ / Biofuel, Market & Policy
US Installs 345 MW of New Energy Storage Systems in Q2 2021 Report

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 ...
/ / Energy Storage, Market & Policy
Battery Analytics Company ACCURE Secures $8 Million Funding

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 ...
/ / Energy Storage, Market & Policy
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates

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, ...
/ / Energy Storage, Market & Policy
India’s Energy Storage Capacity Could Reach 800 GW by 2050 NREL

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 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

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 ...
/ / Market & Policy, Solar
Department of Heavy Industries Issues Details on PLI Program for Battery Storage

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

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

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

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

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

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 ...
/ / Market & Policy, Solar
Outlook for Energy Storage in 2021Outlook for Energy Storage in 2021

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 ...
Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years_ McKinsey (1)

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

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

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

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 ...