energy-storage

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Power Ministry Amends Bidding Guidelines for Renewable Energy Projects

The Ministry of Power (MOP) has amended its tariff-based competitive bidding process guidelines for procuring power from wind, solar, wind-solar hybrid, and firm and...

February 20, 2025

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Tina Freese

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Market & Policy

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Renewable Energy
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Energy Storage Firm Cancrie Raises $1.2 Million in Maiden Funding Round

Cancrie, a Jaipur-based energy storage company, has raised $1.2 million (₹103.62 million) in a maiden institutional seed round from Roots Ventures and IIMA Ventures. The...

January 28, 2025

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Melvin Mathew

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Energy Storage

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Tenders & Auctions
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Daily News Wrap-Up: Utility-Scale Solar Tenders Up by 39% in 2024

Bid invitations for utility-scale solar projects in calendar year 2024 surpassed annual tender announcements of all previous years. Several entities floated tenders...

January 28, 2025

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Mercom Staff

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Daily Wrap-up
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Energy Storage Firms Secure $19.9B in Corporate Funding, M&A Activity Up

According to Mercom Capital Group’s newly released Annual and Q4 2024 Funding and M&A Report for Storage & Grid, corporate funding for energy storage companies,...

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US Installs 3.8 GW of Storage in Q3 2024, Up 80% YoY

The U.S. installed 3.8 GW of storage in the third quarter (Q3) of 2024, an 80% year-over-year increase compared to Q3 2023, according to the Q4 2024 U.S. Energy Storage...

December 24, 2024

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Arjun Joshi

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Energy Storage

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Market & Policy
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NTPC, Sembcorp, Reliance, Hero and Solarcraft Win SECI’s 2 GW-4GWh Solar-BESS Auction

NTPC Renewable Energy, Sembcorp Green Infra, Solarcraft Power India 8 (Blupine Energy), Hero Solar Energy, and Reliance Power have won the Solar Energy Corporation of...

December 10, 2024

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Gautamee Hazarika

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Energy Storage

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Solar

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Tenders & Auctions
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Punjab Invites Bids for 1,000 MW of Firm and Dispatchable Renewable Energy

The Punjab State Power Corporation (PSPCL) has invited bids to procure 1,000 MW of firm and dispatchable renewable energy on a demand-following basis. The last date for...

December 4, 2024

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Gautamee Hazarika

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Renewable Energy

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Tenders and Auctions
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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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