energy-storage

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Hexa Climate, ACME Solar, Avaada Energy Win NTPC’s 1.2 GW FDRE Auction

Hexa Climate Solutions, ACME Solar Holdings, and Avaada Energy are winners in NTPC’s auction to supply 1,200 MW of firm and dispatchable power with assured peak power...

November 8, 2024

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Priya Sanjay

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Renewable Energy

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Tenders & Auctions
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India Seeks $70 Million from CIF for Energy Storage and Grid Strengthening

India is seeking $70 million in financing from Climate Investment Funds (CIF) to catalyze the deployment of critical energy storage system (ESS) infrastructure and...

October 25, 2024

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B.S. Nagaraj

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Energy Storage

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Grid
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Daily News Wrap-Up: UERC Sets ₹1.12/kWh Additional Surcharge for Open Access

The Uttarakhand Electricity Regulatory Commission (UERC) has determined an additional surcharge of ₹1.12 (~$0.013) per unit for open-access consumers from October 1,...

October 8, 2024

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Mercom Staff

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Daily Wrap-up
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US Energy Storage Market Surges 74% with 10,492 MWh Installed in Q2 2024

The second quarter of 2024 marked a milestone for the U.S. energy storage market, with total installations reaching 3,011 MW/10,492 MWh, a 74% increase from the same...

October 7, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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SJVN Tenders 1.2 GW Solar Projects with 600 MW/2,400 MWh Energy Storage

SJVN has invited bids to develop 1,200 MW Inter-State Transmission System (ISTS)-connected solar projects with 600 MW/2400 MWh energy storage systems (ESS) under...

September 16, 2024

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Gautamee Hazarika

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Energy Storage

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Tenders & Auctions
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SECI Invites Bids for 8 GWh Peak Power Supply from Renewable Projects

The Solar Energy Corporation of India (SECI) has invited bids from developers for the assured peak supply of 8,000 MWh (2000 MW x 4 hours) of renewable energy from...

September 13, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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MSEDCL Invites Bids for 300 MW/600 MWh Battery Energy Storage Systems

Maharashtra State Electricity Distribution Company (MSEDCL) has issued a request for selection to set up pilot projects of 300 MW/ 600 MWh standalone battery energy...

August 21, 2024

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Tina Freese

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Energy Storage

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Tenders & Auctions
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Continuum Secures $150 Million in Equity Funding for Renewable Energy Projects

India-focused renewable energy platform Continuum Green Energy has announced $150 million in new equity to develop wind, solar, hybrid power, and energy storage projects...

August 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Eos Energy Posts Strong Q2 2024 Revenue, Narrows Net Loss

Energy storage solutions provider Eos Energy Enterprises reported revenue of $900,000 during the second quarter (Q2) of 2024, a 261% year-over-year (YoY) increase....

August 8, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Stem’s Revenue Drops 63% in Q2 2024 as Project Timelines Extend

Artificial intelligence (AI)-driven clean energy solutions and services provider Stem saw its revenue dropping 63% from $93 million in the second quarter (Q2) 2023 to...

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Central Electricity Authority Approves 2,600 MW Pumped Storage Projects

The Central Electricity Authority (CEA) has approved two pumped hydro storage projects (PSPs) with a cumulative capacity of 2,600 MW. The Power Ministry said the CEA...

August 2, 2024

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Staff

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Energy Storage
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SECI Floats Tender for 2 GW ISTS-Connected Solar Projects with Storage

The Solar Energy Corporation of India (SECI) has invited bids to set up 2,000 MW inter-state transmission system (ISTS)-connected solar power projects with 1,000 MW/4,...

August 1, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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India Should Focus on Domestic Battery Storage Technology Development

The commercial viability and widespread adoption of energy storage solutions have the potential to address key issues in clean energy deployment, including grid safety...

July 29, 2024

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Arjun Joshi

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Energy Storage

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Market & Policy
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The Evolution and Challenges of Hybrid Power Projects in India

India’s renewable energy landscape has transitioned from standalone solar and wind installations to highly customized hybrid power projects that often include...

July 26, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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Solar

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Wind
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Corporate Funding for Energy Storage Surges to $15.4 Billion in 1H of 2024

Corporate funding for energy storage companies surged to $15.4 billion across 64 deals in the first half (1H) of 2024, reflecting a 117% increase from the $7.1 billion...

July 24, 2024

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Gautamee Hazarika

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Energy Storage

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Finance and M&A

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