UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup BlackRock Acquires Energy Storage Developer Jupiter Power

Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power

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, ...
/ / Finance and M&A, Other
Thermal Storage Can Expand Long-Duration Energy Storage to 8 TW by 2040

Thermal Storage Can Expand Long-Duration Energy Storage to 8 TW by 2040

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 ...
/ / Energy Storage, Solar
New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

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 ...
/ / Other, Renewable Energy
RUMSL Issues Consultancy Tender for Morena Wind Solar Hybrid Project With Energy Storage

RUMSL Issues Consultancy Tender for Morena Wind-Solar Hybrid Project With Energy Storage

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 ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up Serentica to Source 1,500 MWh Energy Storage Capacity from Greenko

Daily News Wrap-Up: Serentica to Source 1,500 MWh Energy Storage Capacity from Greenko

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 ...
/ / Other, Renewable Energy
SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions

SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions

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’s Q3 Revenue Up 150% On Higher Hardware Sales

Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales

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 ...
/ / Other, Renewable Energy
Punjab Proposes Wind, Hydro, Energy Storage Obligation Trajectory Up to FY 2030

Punjab Proposes Wind, Hydro, Energy Storage Obligation Trajectory Up to FY 2030

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 Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

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 ...
Daily News Wrap-Up Suzlon to Develop 48.3 MW Wind Projects for Adani Green

Daily News Wrap-Up: Suzlon Bags Order for Adani Green’s 48.3 MW Wind Projects

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 ...
/ / Other, Renewable Energy
Global Energy Storage Market to Grow 15-fold from 27 GW to 411 GW by 2030 BNEF

Global Energy Storage Market to Grow 15-fold from 27 GW to 411 GW by 2030: BNEF

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’s New Policy Aims at ₹500 Billion Investment for Renewable Generation

Madhya Pradesh’s New Policy Aims at ₹500 Billion Investment for Renewable Generation

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 ...
/ / Markets & Policy, Solar
Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing

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 ...
Seci Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

SECI Invites Bids for 2.25 GW RTC Power from Renewable and Non-Renewable Sources

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 ...
/ / Other, Tenders and Auctions
Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 for Q3 FY 2022

Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022

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 ...
Bids Invited for Procurement of 250 MW of Renewable Power with Energy Storage

MSEDCL Invites Bids to Procure of 250 MW of Renewable Power with Energy Storage

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 ...
Tokyo University Research Demonstrates Efficacy of Magnesium Ion-Based Batteries

Tokyo University Research Demonstrates Efficacy of Magnesium Ion-Based Batteries

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 ...
Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

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 ...
Energy Storage Will Drive the Growth of Renewables in Future (1)

Energy Storage Will Drive the Growth of Renewables in Future

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 Financial results

Tesla’s Revenue Up by 42% YoY to $16.93 Billion in Q2 2022

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 ...
Storage Key to Unlocking Full Potential of Solar and Wind Energy Sources

Storage Key to Unlocking Full Potential of Solar and Wind Energy Sources

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 ...
European Union Urged to Rethink the Structure of its Energy Markets

European Union Urged to Rethink the Structure of its Energy Markets

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 ...
/ / Other, Renewable Energy
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 ...