artificial-intelligence

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Stem Reports First-Ever Positive Quarterly EBITDA in Q4 as Sales Surge

Smart energy storage company Stem’s fourth quarter (Q4) net loss widened by 6.8% to $37.7 million from the net loss of 35.3 million in Q4 2022. The lower gross profit...

February 29, 2024

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Satish Shetty

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Energy Storage

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Market & Policy
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A Smarter Grid Imperative for Efficient Clean Energy Transition: GE Interview

Maintaining grid stability is critical to transmitting the required power to consumers with increasing energy demands. Due to their intermittency, renewable assets...

September 15, 2022

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Satish Shetty

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Grid

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Market & Policy
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Solar Energy-Focused Tech Startup Renkube Raises ₹24 Million in Seed Round

Solar Energy-focused deep tech startup Renkube has secured ₹24 million (~$300,000) in a seed round led by CIIE.CO, a startup incubator established by IIM Ahmedabad. JITO...

August 19, 2022

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Gourav Mishra

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Finance and M&A

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Solar
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DISCOM Revamp Plan Could Expedite Payments and Strengthen Transmission Network

The Ministry of Power (MoP) issued detailed guidelines last month for the reform-based result-linked power distribution program over the next five years. The program...

August 25, 2021

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Harsh Shukla

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Mercom Research Focus

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Other
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Solar Power to Cost 15% to 25% Less in the Upcoming Decade: Report

The cost of solar power has declined 90% over the past two decades, and it is expected to go down another 15% to 25% in the upcoming decade, Wood Mackenzie said in a new...

January 27, 2021

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Harsh Shukla

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Markets & Policy

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Solar
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Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola, one of India’s leading mobility platforms, has announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The...

January 21, 2021

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Rahul Nair

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Electric Vehicles

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Other
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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...

December 8, 2020

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Rahul Nair

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Energy Storage

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Market & Policy
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$130 Million in Funding Goes to Projects Advancing Solar Technologies

The U.S. Department of Energy (DOE) announced that it would provide a $130 million funding for selected research projects to advance solar technologies. According to the...

December 5, 2020

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Harsh Shukla

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Solar

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Technology
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Gujarat-Based Solar Monitoring and Analytics Platform Prescinto Raises Seed Funding

Solar monitoring and analytics platform Prescinto announced that it raised an undisclosed amount in seed funding from Venture Catalysts, an integrated incubator for...

December 2, 2020

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Harsh Shukla

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Finance and M&A

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Solar
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Google Meets 100% of Its Electricity Consumption Through Renewable Energy

Google’s Chief Executive Officer (CEO) Sundar Pichai, in a video message, declared that Google had eliminated its carbon legacy. This brings Google’s...

September 17, 2020

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Rahul Nair

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Energy Efficiency

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Other
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Blockchain Company, Swytch to Partner with South Korean City of Chuncheon to Develop Solar

Swytch, a U.S.-based blockchain-driven clean energy company, has signed a deal with Chuncheon, the capital of Gangwon Province in South Korea, to reduce carbon emissions...

August 20, 2018

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Nitin Kabeer

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Markets & Policy

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Solar

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