battery-storage

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US Energy Storage Grows at Record Pace with 8.7 GW, Nearly Doubling in 2023

The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...

March 22, 2024

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Staff

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Energy Storage

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Market & Policy
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Jammu and Kashmir to Host India’s Largest Battery Gigafactory at 7 GWh

GoodEnough Energy, a battery energy storage systems (BESS) manufacturer, said it will open India’s largest BESS gigafactory with 7 GWh capacity in Jammu &...

March 20, 2024

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Staff

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Energy Storage
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Eos Energy’s Q4 Revenue Surges 148% on Higher Storage System Volumes

Energy storage solutions provider Eos Energy Enterprises reported a 148% surge in revenue in the fourth quarter (Q4) of 2023 to $6.6 million, driven by higher production...

March 5, 2024

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Staff

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Finance and M&A
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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

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Staff

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Markets & Policy

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Solar
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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by...

February 23, 2024

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Staff

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Finance and M&A
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Czech Republic Installs 1 GW of Solar in 2023 as Households Drive Growth

The Czech Republic installed nearly 1 GW of solar capacity in 2023, up 69% from 2022, as the central European nation targets to reduce total greenhouse emissions by 30%...

January 18, 2024

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Staff

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Markets & Policy

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Solar
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US to Add 43 GW of Solar and 30 GW of Battery Capacity in 2025: EIA

The U.S. Energy Information Administration (EIA) predicts that solar power will emerge as the primary driver of electricity generation growth in 2024 and 2025, with the...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Ministry Notifies Rules for Leasing Offshore Wind Sites

Leased areas for offshore wind energy projects will be valid for an initial three-year period for conducting resource measurements and surveys, according to the Offshore...

December 22, 2023

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Mercom Staff

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Daily Wrap-up
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Jayram Industries Lands NTPC Contract for 250 kW Battery Energy Storage Project

Hyderabad-based electrical infrastructure company, Jayram Industries India (JIIPL) has secured the contract from NTPC Renewable Energy (NTPC REL) for the installation of...

December 13, 2023

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Gautamee Hazarika

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Energy Storage

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Tenders and Auctions
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SECI Invites Bids for 1 GW Firm Power Supply from Renewable Projects

Solar Energy Corporation of India (SECI) has invited bids to select renewable energy developers to supply 1 GW firm and dispatchable power from Inter-State Transmission...

November 28, 2023

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Gautamee Hazarika

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Other

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Tenders and Auctions
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Daily News Wrap-Up: Industry Hails Viability Gap Funding for Battery Storage Projects

The recently announced Viability Gap Funding (VGF) for Battery Energy Storage Systems (BESS) has been welcomed by industry stakeholders for its potential impact on...

October 12, 2023

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Mercom Staff

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Daily Wrap-up
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Energy Storage Vital to Make Renewable Energy Viable: Interview

In an exclusive interview with Mercom India, Sushain Sharma, Managing Director, Stem India, talks about the company’s energy storage offerings and plans for India. He...

September 21, 2023

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Satish Shetty

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Energy Storage

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Market & Policy
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NTPC Seeks Consultant to Validate 50 MW Solar Project for Carbon Credits

NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, has invited bids for the appointment of a consultant and the hiring of a designated operational entity (DOE)...

September 18, 2023

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Zenobē Secures £870 Million for Global EV Fleet and Battery Storage Expansion

Zenobē, a global fleet electrification and battery storage solutions company, has secured approximately £600 million (~$643.9 million) in funding from KKR, an...

September 11, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Cabinet Approves ₹37.6 Billion Viability Gap Funding for Battery Energy Storage Projects

The Union Cabinet has approved the viability gap funding (VGF) for the development of the battery energy storage systems (BESS) program with an initial allocation of ₹94...

September 6, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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