batteries

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Jharkhand Invites Bids for O&M of 47 Solar Mini/Micro Grids

The Jharkhand Renewable Energy Development Agency (JREDA) has invited bids for five years of comprehensive operation and maintenance (O&M) of 47 solar mini/micro...

August 9, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Enphase Energy’s Q2 Profit Falls 71% Amid Demand Challenges

Microinverter and battery storage supplier Enphase Energy’s net income for the second quarter (Q2) of 2024 dropped 71.4% to $58.8 million as the Nasdaq-listed company...

July 24, 2024

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Arshreet Singh

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Finance and M&A
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Amara Raja Invests €20 Million in InoBat, Ups Stake by 4.5%

Battery manufacturer Amara Raja Energy & Mobility has invested an additional €20 million (~$21.4 million) in electric vehicle (EV) battery firm InoBat, Norway, for a...

June 21, 2024

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Namratha A Rai

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Electric Vehicles

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Energy Storage
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Amara Raja’s Q4 Revenue Climbs 15% on Higher Sales

Battery manufacturer Amara Raja Energy & Mobility reported a 15% year-over-year increase in revenue to ₹27.96 billion (~$338 million) for the fourth quarter (Q4) of...

May 29, 2024

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Arshreet Singh

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Energy Storage
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Maxvolt Energy Secures $1.5 Million for Li-ion EV Battery Manufacturing

Maxvolt Energy, a manufacturer of lithium battery packs, has raised $1.5 million from angel investors to introduce fast-charging lithium-ion batteries and build...

May 28, 2024

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Arshreet Singh

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Energy Storage

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Finance and M&A
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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost...

April 29, 2024

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Arshreet Singh

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Energy Storage
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Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of...

April 24, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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US Forecast to Add 36 GW of Utility-scale Solar Capacity in 2024

According to the U.S. Energy Information Administration (EIA), the outlook for 2024 suggests a dynamic and transformative period for the country’s energy landscape, with...

February 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Microinverter Firm Enphase’s Q4 Profit Falls 65% on Slowing Demand

Microinverter and battery storage supplier Enphase Energy’s profit for the fourth quarter (Q4) of the financial year (FY) 2023 fell 65% from last year as the...

February 7, 2024

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Arshreet Singh

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Finance and M&A

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Inverters & BOS
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EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB, AdvantEdge

Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian...

February 2, 2024

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Staff

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Electric Vehicles

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Market & Policy
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Daily News Wrap-Up: Tamil Nadu Cuts Rooftop Solar Network Charges by 50% for MSMEs

The Tamil Nadu Electricity Regulatory Commission has reduced the rooftop solar network charges for all Micro, Small, and Medium Enterprises (MSME) in the state by 50%...

December 13, 2023

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Mercom Staff

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Daily Wrap-up
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China Places Curbs on Export of Graphite Used in EV Batteries

The battle for control of critical minerals has taken another turn, with China placing restrictions on the export of graphite used in electrical vehicle (EV) batteries....

October 20, 2023

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B.S. Nagaraj

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Electric Vehicles

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Market & Policy
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Aluminum Anodes Show Promise for Safer, Cheaper, and More Powerful Batteries

A team of researchers from the Georgia Institute of Technology has taken a novel approach, utilizing aluminum foil to create solid-state batteries with increased energy...

July 27, 2023

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Gautamee Hazarika

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Energy Storage

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Technology
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Researchers Develop Method to Boost Storage Capacity of Aluminum-Ion Batteries

A group of researchers from the University of Ulm and the University of Freiburg have developed a positive electrode material made of an organic redox polymer based on...

June 21, 2023

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Gourav Mishra

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Energy Storage

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Technology
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IIT Madras Finds Pyrylium Salt Enhances Redox Flow Batteries’ Capabilities

Researchers at the Indian Institute of Technology (IIT Madras) have said that all-organic redox flow batteries (NORFBs) could achieve enhanced energy density, stability,...

May 19, 2023

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Gautamee Hazarika

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Energy Storage

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Technology

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