Battery Storage Provider Viridi Parente Raises $95 Million in Series C Funding Round

Battery Storage Provider Viridi Parente Raises $95 Million in Series C Funding Round

Battery storage provider Viridi Parente raised $94.7 million in a Series C funding round led by existing investor B. Thomas Golisano. The round saw participation from new investors, including international equipment ...
/ / Energy Storage, Technology
California Allocates $6.1 Billion in its Budget for Zero-Emission Vehicles

California Allocates $6.1 Billion in its Budget for Zero-Emission Vehicles

In the state's budget for the financial year 2022-23, California Governor Gavin Newsom allocated $6.1 billion towards zero-emission vehicle (ZEV) acceleration. The investment would include a General Fund of $3.5 ...
/ / Other, Other Energy
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 ...
Robust Execution Plan, Financial Infrastructure Needed to Install 300 GW of Solar by 2030

Robust Execution Plan, Financial Infrastructure Needed to Install 300 GW of Solar by 2030

Mercom hosted a session on 'Solar's Dominant Role in India's Transition: Market Outlook 2030' at Mercom India Solar Forum 2021 to take a close look at the policy framework of ...
/ / Markets & Policy, Solar
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 ...
Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019- 2030. The expanded climate ...
/ / Finance and M&A, Other
Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Eos Energy Enterprises, a U.S.-based zinc-powered energy storage systems provider, announced that its wholly-owned subsidiary HI-POWER had signed a $25 million equity financing agreement with Trinity Capital. The funding will be ...
/ / Finance and M&A, Other
Thermal Energy Storage Systems Company Sunamp Raises $8 Million

Thermal Energy Storage Systems Company Sunamp Raises $8 Million

From: Mercom Capital Group Sunamp, a provider of thermal energy storage systems, has raised £6 million (~$8.21 million) in Series B funding from the Scottish National Investment Bank. Sunamp plans to ...
/ / Finance and M&A, Other
Global Distributed Energy Resources Spending to Reach $39 Billion in 2030

Global Distributed Energy Resources Spending to Reach $39 Billion in 2030

Distributed energy resources (DER) in commercial buildings, including EV chargers, solar photovoltaic, and battery storage, are rapidly expanding due to the steep decline in the cost of distributed energy technologies ...
/ / Other, Renewable Energy
Daily News Wrap-Up 17 New Grid Islanding Programs Planned for Major Cities in India

Daily News Wrap-Up: 17 New Grid Islanding Programs Planned for Major Cities in India

Here are some noteworthy cleantech announcements of the day from around the world: Seventeen new islanding programs have been planned for major cities, in addition to 26 existing and under-implementation ...
/ / Other, Renewable Energy
Solar Tracker Manufacturer FTC Solar to Explore Breakbulk Shipping to Cut Costs

Solar Tracker Manufacturer FTC Solar to Explore Breakbulk Shipping to Cut Costs

U.S. solar tracker systems provider FTC Solar is exploring breakbulk shipping methods and cost-cutting measures to return the business to profitability in Q4 2021. It recorded a revenue of $50.1 ...
/ / Finance and M&A, Solar
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 ...
Daily News Wrap-Up: MNRE Issues Updated List of Solar Manufacturers Under ALMM

Daily News Wrap-Up: MNRE Issues Updated List of Solar Manufacturers Under ALMM

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has issued an updated list of models and module ...
/ / Other, Renewable Energy
US Added Record 26 GW of Renewables Power in 2020: Report

US Added Record 26 GW of Renewables Power in 2020: Report

The American Clean Power Association released its first Clean Power Annual report, which captures key industry trends and rankings from 2020. The report showed that wind, utility solar, and battery ...
/ / Other, Renewable Energy
Month in a Minute: Top Headlines from Indian Renewable Sector in July 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in July 2021

Here is a recap of some of the most important headlines from July 2021: Peak power demand in India reached an all-time high of over 200 GW. It surpassed the ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: Siemens to Construct 100 MW Battery Storage Facility in Germany

Daily News Wrap-Up: Siemens to Construct 100 MW Battery Storage Facility in Germany

Here are some noteworthy cleantech announcements of the day from around the world: Siemens Smart Infrastructure and Zukunftsenergie Nordostbayern GmbH signed a letter of intent to construct a 100 MW battery storage ...
/ / Other, Renewable Energy
Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 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 half (1H) of 2021, was up ...
Daily News Wrap-Up: NTPC to Set Up Green Hydrogen Mobility Project in Ladakh

Daily News Wrap-Up: NTPC to Set Up Green Hydrogen Mobility Project in Ladakh

Here are some noteworthy cleantech announcements of the day from around the world: NTPC REL, the renewable energy arm of NTPC, has signed a memorandum of understanding with the union ...
Daily News Wrap-Up: Nissan to Invest £1 Billion in EV and Battery Manufacturing

Daily News Wrap-Up: Nissan to Invest £1 Billion in EV and Battery Manufacturing

Here are some noteworthy cleantech announcements of the day from around the world: Nissan has unveiled its plan to transform its flagship Sunderland manufacturing facility into a £1 billion (~$1.37 billion) new-generation ...
NTPC Floats Tender for 1,000 MWh of Battery Energy Storage Systems

NTPC Floats Tender for 1,000 MWh of Battery Energy Storage Systems

NTPC Limited has invited expression of interest (EoI) from Indian and global companies to set up 1,000 MWh of grid-connected battery energy storage systems (BESS) on the premises of its ...
Indian Railways Floats Tender for a 15 MW Solar Project with Battery Storage

Indian Railways Floats Tender for a 15 MW Solar Project with Battery Storage

The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES, has invited bids to develop a 15 MW solar project with a 7 MW/14 ...
Canadian Solar Reports 42% YoY Rise in Module Shipments

Canadian Solar Reports 42% YoY Rise in Module Shipments

Canada-based solar module manufacturer Canadian Solar released its financial results for the first quarter (Q1) of 2021. The company's net revenue in Q1 2021 grew by 32% year-over-year (YoY) and ...
/ / Finance and M&A, Solar
Highview Power to Develop up to 2GWh of Liquid Air Energy Storage Projects in Spain

Highview Power to Develop up to 2 GWh of Liquid Air Energy Storage Projects in Spain

Highview Power, a leading provider of long-duration energy storage solutions, has announced that it is developing long-duration liquid air energy storage projects of up to 2 GWh in Spain with ...
Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

Corporate Funding for Battery Storage Companies Up 52% With $4.7 Billion in Q1 2021

The venture capital (VC) funding for battery storage, smart grid, and energy efficiency companies in Q1 2021 saw a growth of 410% and stood at $1.3 billion, compared to $252 ...
/ / Grid, Smart Grid
US to Provide $100 Million for Projects Advancing Clean Energy Technology

US to Provide $100 Million for Projects Advancing Clean Energy Technology

The U.S. Department of Energy (DOE) has pledged up to $100 million in financing for research and development of transformative clean energy technology to support the Biden Administration's climate innovative ...
/ / Other, Renewable Energy