Solar Plus Energy Storage Gains Market Share in Residential Installations in the US

Solar Plus Energy Storage Gains Market Share in Residential Installations in the US

The median installed prices of solar photovoltaic (PV) systems across most U.S. states dropped year-over-year (YoY), with the residential segment recording average annual declines of up to $0.2/W per year ...
/ / Markets & Policy, Solar
Uttar Pradesh DISCOM to Tender 10 MW40 MWh Battery Energy Storage Project

Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a request by the Uttar Pradesh Power Corporation (UPPCL) to issue a tender to install five battery energy storage systems (BESS) ...
SECI Invites R&D Proposals to Set Up Pilot Energy Storage Systems

SECI Invites R&D Proposals to Set Up Pilot Energy Storage Systems

Solar Energy Corporation of India (SECI) has invited research and development (R&D) proposals to set up pilot energy storage systems (ESS) and other renewable energy projects and products. The tender ...
JSW Renew Energy Wins SECI Tender for 1GWh Battery Energy Storage Systems

JSW Renew Energy Wins SECI Tender for 1 GWh Battery Energy Storage Systems

JSW Renew Energy Five Limited, a special purpose vehicle (SPV) of JSW Energy, has won Solar Energy Corporation of India’s (SECI) auction to set up pilot projects of 500 MW/1000 ...
Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 for Q3 FY 2022

Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022

U.S.-based global energy storage technology and services provider Fluence recorded revenue of $239 million for the third quarter (Q3) of the financial year (FY) 2022 against $278 million in Q3 ...
Bids Invited for Procurement of 250 MW of Renewable Power with Energy Storage

MSEDCL Invites Bids to Procure of 250 MW of Renewable Power with Energy Storage

Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 250 MW of flexible and schedulable power from grid-connected renewable energy projects with an energy storage facility on a ...
EPC Tender Issued for 5 MW Solar Power Project with 16 MWH BESS in Karnataka

EPC Tender Issued for 5 MW Solar with 16 MWh Battery Energy Storage

Karnataka Renewable Energy Development Limited (KREDL) has issued a request for proposal for the selection of an engineering, procurement, and construction (EPC) contractor for the design, engineering, supply, construction, erection, ...
/ / Solar, Tenders & Auctions
GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

GUVNL Invites Bids for 1 GWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam Limited (GUVNL) has invited bids to set up pilot projects of 1 GWh (500 MW x 2 hours) standalone battery energy storage systems (BESS) in Gujarat ...
Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

Smart energy storage company Stem recorded revenue of $67 million in the second quarter (Q2) of 2022, a year-over-year (YoY) increase of 246% from $19 million. Stem attributed higher hardware ...
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

From: Mercom Capital Group Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, acquired the 150 MW Revolution battery energy storage project from Con Edison Development, ...
/ / Finance and M&A, Solar
Energy Storage Will Drive the Growth of Renewables in Future (1)

Energy Storage Will Drive the Growth of Renewables in Future

There is a growing need for energy storage systems to supply round-the-clock power, given the intermittent nature of wind and solar energy. India's energy storage capacity stands at 27.2 GWh ...
NTPC Tenders 1,150 MW of Solar and 150 MW150 MWh Battery Energy Storage in Cuba

NTPC Tenders 1,150 MW of Solar and 150 MW/150 MWh Battery Energy Storage in Cuba

NTPC has issued a request for qualification (RfQ) to select developers to set up 1,150 MW grid-connected solar power projects across 175 locations and 150 MW/150 MWh battery energy storage ...
Power Ministry Notifies Wind, Hydro and Energy Storage Purchase Obligation Up to 2030

Power Ministry Notifies Wind, Hydro and Energy Storage Purchase Obligation Up to 2030

The Ministry of Power (MoP) has issued the Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO) until the financial year 2029-2030. A committee under the co-chairmanship of secretaries of ...
Hero Future Energies to Develop 10 MW/20 MWh Battery Energy Storage System in Kerala

Hero Future Energies to Develop 10 MW/20 MWh Battery Energy Storage System in Kerala

Hero Future Energies (HFE), the renewable energy venture of Hero Group, was declared the winner of the auction conducted by the Kerala State Electricity Board (KSEBL) for the construction of ...
Jakson Group Launches New Venture to Focus on Green Hydrogen and Energy Storage

Jakson Group Launches New Venture to Focus on Green Hydrogen and Energy Storage

Energy and infrastructure company Jakson Group has launched its new venture, Jakson Green, focusing on green hydrogen, green ammonia, waste to energy, electrolyzers, fuel cells, and utility-scale battery energy storage ...
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 ...
Funding and M&A Roundup: Community Solar Firm Summit Ridge Energy Raises $175 Million

Funding and M&A Roundup: Energy Storage Company Sunlight Secures $158 Million Loan

From: Mercom Capital Group Sunlight Group, a provider of energy storage systems, has received a €150 million (~$158 million) loan from the National Bank of Greece. The loan agreement has ...
/ / Finance and M&A, Other
Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

Project Finance Brief: Recurrent Energy Acquires Two 200 MWh Energy Storage Projects

From: Mercom Capital Group Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, acquired two standalone energy storage projects from Black Mountain Energy Storage. The projects are in the South Load Zone ...
/ / Finance and M&A, Solar
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 ...
GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

GUVNL Issues RfS to Buy Power from Renewable Projects with Energy Storage

Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW of renewable energy projects with assured peak power supply ...
New York State Awards 1 GW of Solar Plus Energy Storage Projects to EDF Renewables

New York State Awards 1 GW of Solar Plus Energy Storage Projects to EDF Renewables

EDF Renewables North America, a wholly-owned subsidiary of the French utility EDF Group, announced that its three solar plus energy storage projects were awarded long-term contracts by the New York ...
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 ...
Bids invited to Set up a 10 MW Grid-Scale Battery Energy Storage System in Haryana

Bids invited to Set up a 10 MW Grid-Scale Battery Energy Storage System in Haryana

Dakshin Haryana Bijli Vitran Nigam (DHBVN) is seeking expression of interest (EoI) from any Indian or global company or their consortium, affiliates, or representatives for setting up a grid-scale battery ...
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 ...