Sungrow to Supply to Tata Power's 60.56 MWh Battery Energy Storage Project in Ladakh

Sungrow to Supply to Tata Power’s 60.56 MWh Battery Energy Storage Project in Ladakh

Inverter manufacturer Sungrow has announced that it will be supplying its storage solutions to Tata Power Solar Systems' (TPSSL) 60.56 MWh battery energy storage system (BESS) project at Phyang, in ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Energy Storage Solutions Provider Eos Energy's Revenue Up by 6.5% QoQ in Q1 CY 2022

Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022

U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
TotalEnergies Acquires Core Solar to Expand its Renewable Energy Portfolio in the US

TotalEnergies Acquires Core Solar to Expand its Renewable Energy Portfolio in the US

TotalEnergies, a multinational integrated oil and gas firm, has acquired Core Solar, an Austin-based solar project developer with a solar and energy storage project portfolio of more than 4 GW ...
SECI Invites Bids for 1 GWh Standalone Battery Energy Storage Systems

SECI Invites Bids for 1 GWh Standalone Battery Energy Storage Systems

Solar energy Corporation of India (SECI) has issued a request for selection (RfS) to set up pilot projects of 500 MW/1000MWh standalone battery energy storage systems (BESS) under a build, ...
Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Cloud-connected energy storage solutions provider Taqanal Energy raised ₹95 million (~$1.24 million) in a pre-series round from JITO Angel Network. The round saw participation from KITVEN, Lets Venture, and Wellingdon ...
/ / Finance and M&A, Other
Daily News Wrap-Up: PGCIL Wins Transmission Project to Evacuate 8.1 GW of Solar Power

Daily News Wrap-Up: PGCIL Wins Transmission Project to Evacuate 8.1 GW of Solar Power

Power Grid Corporation of India Limited (PGCIL) was declared the winner under the tariff-based competitive bidding to establish a transmission system for evacuation of power from solar energy zones in ...
Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Artificial Intelligence (AI)-enabled energy storage software and services provider Stem recorded a revenue of $52.8 million in the fourth quarter (Q4) of 2021, representing a year-over-year (YoY) increase of 184% ...
/ / Other, Renewable Energy
India's Annual Battery Market Could Surpass $15 billion by 2030 NITI Aayog Report

India’s Annual Battery Market Could Surpass $15 Billion by 2030: NITI Aayog Report

NITI Aayog, in collaboration with the Rocky Mountain Institute (RMI), recently published a report, which estimates India's future demand for batteries under an 'accelerated scenario' and a 'conservative scenario,’ to ...
Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Energy Storage Company Fluence Reports 50% Rise in Revenue Q1 FY 2022

Fluence, a provider of energy storage products and services, has announced the results for the first quarter (Q1) of the fiscal year (FY) 2022. The company reported total revenue of ...
Daily News Wrap-Up Energy Storage to Be Next Focus of Power Ministry

Daily News Wrap-Up: Energy Storage to Be Next Focus of Power Ministry

Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R K Singh interacted with the renewable energy developers and government representatives on the ...
/ / Other, Renewable Energy
NTPC Invites Bids for 3,000 MWh of Energy Storage Systems

NTPC Invites Bids for 3,000 MWh of Energy Storage Systems

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC Limited, has invited bids from developers to set up interstate transmission system (ISTS)-connected energy storage systems of 3,000 MWh capacity with 500 ...
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
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
Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell New Energies, a subsidiary of Royal Dutch Shell, has signed an agreement to buy a 100% stake in Savion, a utility-scale solar and energy storage developer in the U.S., from Macquarie's ...
/ / Finance and M&A, Solar
Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Cost is the Greatest Hurdle for Energy Storage Adoption Among Resi and C&I Consumers

Battery storage systems are critical to effectively integrate increasing solar and wind energy into the grid, given the intermittent nature of renewable energy sources. Energy storage is the ideal solution ...
Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

The demand for round-the-clock power from renewables is on the rise. Given the intermittent nature of renewable energy sources, the time is ripe for India to create an enabling environment ...
Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Daily News Wrap-Up: Rajasthan Approves Extension for Rooftop Solar Subsidy Projects

Here are some noteworthy cleantech announcements of the day from around the world: Rajasthan Renewable Energy Corporation Limited (RRECL) has granted an extension until November 24, 2021, to complete the ...
/ / Other, Renewable Energy
BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

BHEL Invites EoI from Partners to Set Up Battery Storage Gigafactory Under PLI Program

Bharat Heavy Electricals (BHEL) has invited bids to select partners to set up a gigawatt-scale advanced chemistry cell battery storage facility through a special purpose vehicle (SPV) under the Government ...
Daily News Wrap-Up General Motors’ Sites to be Fully Powered by Renewable Energy by 2025

Daily News Wrap-Up: General Motors’ Sites to be Fully Powered by Renewable Energy by 2025

Here are some noteworthy cleantech announcements of the day from around the world: General Motors announced that it plans to source 100% renewable energy to power its sites in the ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Delhi Metro Earns ₹195 Million from 3.55 Million Carbon Credits

Daily News Wrap-Up: Delhi Metro Earns ₹195 Million from 3.55 Million Carbon Credits

Here are some noteworthy cleantech announcements of the day from around the world: The Delhi Metro has earned ₹195 million (~$2.64 million) from selling 3.55 million carbon credits collected from ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Here are some noteworthy cleantech announcements of the day from around the world: Bloomberg Philanthropies and Goldman Sachs launched the Climate Innovation Fund to support sustainable low-carbon economic development in ...
/ / Other, Renewable Energy
An Energy Storage Technology That Could Reduce Charging Time to Minutes

An Energy Storage Technology That Could Reduce Charging Time to Minutes

Researchers from Tulane University developed an energy storage technology that could reduce charging time to a matter of minutes compared to lithium-ion batteries.  The study was funded by the Department ...
/ / Energy Storage, Technology
Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report

Researchers at the National Renewable Energy Laboratory (NREL) are in the advanced stages of prototype testing a new thermal energy storage technology— Economic Long-Duration Electricity Storage by Using Low-Cost Thermal ...
/ / Energy Storage, Technology
Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Giga Factory for Lithium-Ion Battery With ₹25 Billion Investment to Come Up in Chennai

Automotive electrical components manufacturer Lucas TVS and U.S.-based 24M Technologies plan to set up a ₹25 billion (~$342.33 million) gigafactory near Chennai to manufacture innovative and disruptive lithium-ion (Li-ion) battery ...
/ / Energy Storage, Large Scale
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