Storage Market Policy

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Lithium-ion Battery Packs Touch Historic Low Price of $115/kWh

Lithium-ion (Li-ion) battery pack prices dropped 20% from 2023 to a record low of $115/kWh, the most significant annual decline since 2017, according to BloombergNEF...

December 16, 2024

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Arjun Joshi

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Energy Storage

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Market & Policy
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Long-Duration Energy Storage Must Scale 50 Times to Meet Net-Zero Demands

Long Duration Energy Storage (LDES) must scale up to 50 times faster than is currently projected, per the 2024 Annual Report by the LDES Council. According to the report,...

December 13, 2024

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Staff

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Energy Storage

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Market & Policy
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Fluence Energy’s Q4 Revenue Up 82% YoY, Driven by Energy Storage Deployments

Utility-scale energy storage firm Fluence Energy recorded a revenue of $1.2 billion in the fourth quarter (Q4) of fiscal year (FY) 2024, up 82% year-over-year (YoY), on...

November 27, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Dubai’s 250 MW/1,500 MWh Pumped Storage Project to Begin Trials in Q1 2025

Dubai Electricity and Water Authority (DEWA) has announced that its 250 MW pumped hydropower storage project in Hatta will begin trial operations in the first quarter of...

November 14, 2024

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Baset Asaba

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Energy Storage

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Market & Policy
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Enphase to Pare Jobs by 17%, Focus on Manufacturing in India, US and China

Microinverter and battery storage supplier Enphase Energy has unveiled a restructuring plan to align its workforce and cost structure with current market conditions and...

November 13, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Battery Tech Firm Solid Power Reports 26.94% YoY Fall in Q3 Revenue

Solid Power, which develops solid-state battery technology for electric vehicles, reported a revenue of $4.7 million in the third quarter (Q3) of 2024, reflecting a 26....

November 12, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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APTEL Orders Reconnection of Greenko Maha Wind Energy’s WTG to the Grid

Four years after the disconnection of Greenko Maha Wind Energy’s (Greenko) 2 MW Wind Turbine Generator (WTG), the Appellate Tribunal for Electricity (APTEL) has ordered...

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Eos Energy Q3 Revenue of $854,000 Misses Estimates by 87%

Energy storage solutions provider Eos Energy Enterprises reported a revenue of $854,000 for the third quarter (Q3) of 2024, a 24.9% year-over-year (YoY) increase from...

November 11, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Mahanagar Gas, IBC to Build ₹2.3 Billion Li-ion Cell Gigafactory in Bengaluru

Natural gas company Mahanagar Gas (MGL) will invest ₹2.3 billion (~$27.2 million) in IBC India to establish a gigafactory in Bengaluru to manufacture prismatic NMC...

November 8, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Energy Storage Firm Stem’s Q3 Revenue Plunges on Lower Hardware Sales

Smart energy storage company Stem‘s revenue in the third quarter (Q3) of 2024 dropped 78% to $29.3 from $133.7 million in Q3 2023 due to lower battery hardware...

November 6, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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CERC Approves Tariffs for SJVN’s 1,450 MW Solar Projects

The Central Electricity Regulatory Commission (CERC) has adopted the tariffs for SJVN’s 1,450 MW of interstate transmission system (ISTS)-connected solar power projects....

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Banked Energy Cannot be Transferred Between Units of the Same Company: APTEL

The banked energy at one facility of a company cannot be adjusted against the electricity consumption of its other units, the Appellate Tribunal for Electricity (APTEL)...

October 29, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Supreme Court Upholds Supremacy of Electricity Regulators

In a judgment with far-reaching consequences, the Supreme Court has upheld the supremacy of the electricity regulatory commissions, observing that the directions of the...

October 18, 2024

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B.S. Nagaraj

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Market & Policy
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US Slaps Anti-dumping Duties on Indian Aluminum Extrusions Used in Solar Racking

The U.S. Department of Commerce has imposed anti-dumping duties at rates ranging from 2.02% to 376.85% and countervailing duties at rates ranging from 1.44% to 168.81%...

October 9, 2024

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Tina Freese

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Market & Policy

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Renewable Energy
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NHPC-APGENCO JV to Set Up 1.8 GW Pumped Hydro Storage Projects

NHPC has signed a joint venture agreement with Andhra Pradesh Power Generation Corporation (APGENCO) to implement pumped hydro storage (PSP) projects and renewable...

September 30, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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