Energy Storage

The UK government has announced £32.9 million (~$39.4 million) funding for projects in the country that are developing innovative energy-storage system (ESS) technologies to strengthen the national power grid. Five ...

From: Mercom Capital Group Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, ...

Thermal energy storage (TES), as a form of long-duration energy storage (LDES), can help decarbonize roughly 45% of all energy-related emissions by ensuring that industrial operations requiring heat are optimized ...

The Australian Energy Market Operator (AEMO) Services has received bids for over 8 GW of wind, solar, and long-duration storage projects in the first round of the inaugural tendering process ...

Rewa Ultra Mega Solar (RUMSL) has invited bids from consultants to prepare a detailed project report (DPR) to develop the Morena wind-solar hybrid project with energy storage in Madhya Pradesh ...

Here are some noteworthy cleantech announcements of the day from around the world: Serentica Renewables will source 1,500 MWh of energy storage capacity through Greenko Group's pumped storage projects in ...

Distributed generation storage and energy services provider SunPower Corporation posted a net income of $139 million for the third quarter (Q3) of 2022, compared with a loss of $84.4 million ...

Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from Front-of-the-Meter (FTM) and ...

Punjab State Electricity Regulatory Commission (PSERC) has issued the Draft Punjab State Electricity Regulatory Commission (Renewable Purchase Obligation and its compliance) Regulations, 2022, outlining the renewable purchase obligation (RPO) trajectory ...

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...

Here are some noteworthy cleantech announcements of the day from around the world: Suzlon won the order to supply to 48.3 MW wind power projects by Adani Green Energy. The ...

Energy storage installations worldwide are projected to reach a cumulative of 411 GW by the end of the decade, according to BloombergNEF (BNEF). In its 2H 2022 Energy Storage Market ...

Madhya Pradesh intends to invest ₹150 billion (~$1.82 billion) by 2024 and ₹500 billion (~$6.06 billion) by 2027 for renewable energy generation. The Madhya Pradesh Renewable Energy Policy 2022 says ...

Indian solar monitoring and analytics platform Prescinto Technologies has raised $6.5 million in financing and forayed into the U.S. market. The company is partnering with a major international energy storage ...

Solar Energy Corporation of India (SECI) has invited bids for the supply of 2.25 GW of round-the-clock (RTC) power from interstate transmission system (ISTS)-connected renewable power projects complemented with power ...

U.S.-based global energy storage technology and services provider Fluence recorded revenue of $239 million for the third quarter (Q3) of the financial year (FY) 2022 against $278 million in Q3 ...

Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 250 MW of flexible and schedulable power from grid-connected renewable energy projects with an energy storage facility on a ...

Researchers from Japan have developed a novel Mg2+ (magnesium ions) conductor with practically applicable superconductivity, which overcomes their poor conductivity in solids at room temperature. Solid-state rechargeable lithium-ion (Li+) batteries ...

Smart energy storage company Stem recorded revenue of $67 million in the second quarter (Q2) of 2022, a year-over-year (YoY) increase of 246% from $19 million. Stem attributed higher hardware ...

There is a growing need for energy storage systems to supply round-the-clock power, given the intermittent nature of wind and solar energy. India's energy storage capacity stands at 27.2 GWh ...

Tesla registered a revenue of $16.93 billion in the first quarter of 2022, an increase of 42% year-over-year (YoY) compared to $11.96 billion during the same period last year. In ...

Given the intermittent nature of solar and wind energy and the growing demand for round-the-clock power in India, energy storage is the vital missing piece. Energy storage is key to ...

Energy storage company Fluence Energy and nine other energy market organizations have written to European policymakers to rethink the structure of European energy markets and the REPowerEU plan. In a ...

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 ...

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 ...