supply-chain

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Eos Energy Q3 Revenue of $854,000 Misses Estimates by 87%

Energy storage solutions provider Eos Energy Enterprises reported a revenue of $854,000 for the third quarter (Q3) of 2024, a 24.9% year-over-year (YoY) increase from...

November 11, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Solar and Wind Energy Uptake to Reach 5.4 TW from 2024 to 2033

The global renewable energy landscape is set to undergo significant expansion, with over 5.4 terawatts (TW) of new solar and wind capacity expected to be added from 2024...

July 10, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Qcells to Supply Microsoft with 12 GW of US-Manufactured Solar Modules

Solar cell and module manufacturer Qcells has sealed an eight-year alliance with Microsoft Corporation to supply 12 GW of solar modules and engineering, procurement, and...

January 8, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Global Wind Installations Will Only Reach 2 TW Globally by 2030: GWEC

The Global Wind Energy Council (GWEC) forecasts that, by 2030, installed wind capacity will only reach just over 2 TW globally. This falls significantly short of the...

December 15, 2023

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Arjun Joshi

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Other

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Wind
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SMA Solar’s Q3 Net Income Soars to $82 Million, Up 256% YoY

Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €76.94 million (~$82 million) during the third quarter (Q3) of 2023, a...

November 10, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Insurance Coverage Gains Prominence as Wind-Solar Hybrid Projects Take Centerstage

Wind-solar hybrid projects are a practical solution to tackle the intermittency issues of standalone wind and solar energy sources and are poised to play a critical role...

October 12, 2023

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Rakesh Ranjan

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Markets & Policy

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Other
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ChargePoint’s Q2 Loss Surges to $125.3 Million, Driven by Inventory Impairment

Electric vehicle (EV) charging solution provider ChargePoint reported a net loss of $125.3 million in the second quarter of fiscal 2024, a 35% increase year-over-year...

September 8, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Global Offshore Wind Records Second Best Year Ever, Adds 8.8 GW in 2022

The offshore wind industry achieved notable growth by adding 8.8 GW of new capacity to the grid in 2022, which was its second-best performance ever, according to the...

September 6, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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Redwood Raises Over $1 Billion to Expand Domestic Battery Supply Chain in US

U.S.-based battery materials producer Redwood Materials has secured over $1 billion in its recent Series D equity funding round to support the expansion of its domestic...

August 30, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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India’s Cumulative Wind Capacity to Touch 63 GW in the Next Four Years: Report

India is likely to have a cumulative wind energy capacity of 63.6 GW, with a potential range spanning from 59.3 GW to 68.1 GW, by 2027, which is currently 41.9 GW,...

August 30, 2023

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Rakesh Ranjan

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Other

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Wind
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Cabinet Approves ₹576 Billion Program to Boost Urban Electric Mobility

In a move towards promoting sustainable urban transportation and economic growth, the Union Cabinet has approved the “PM-eBus Sewa” program, under which  10,...

August 16, 2023

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy
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REC Silicon’s Q2 Net Loss Shrinks by 37.7% YoY, Signaling Recovery

Norway-based polysilicon manufacturer REC Silicon recorded a net loss of $14.7 million during the second quarter (Q2) of 2023, a year-over-year (YoY) improvement of 37....

August 16, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Electricity Consumption Decline in Advanced Economies to Impact Global Demand in 2023

Electricity demand in the European Union (EU) is expected to reach its lowest level in two decades, marking a significant decline of 3% in 2023, according to the latest...

July 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: NTPC’s Module Supply Tender for 1.46 GW of Solar Projects

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the supply of solar modules for the Shajapur solar project (458.25 MW), Bhuj solar project...

June 5, 2023

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Mercom Staff

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Daily Wrap-up

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Other
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First Solar’s Easily Localized Module-Making Process Bodes Well for PLI: Interview

Unlike the cell-wafer-module process of polysilicon-based solar modules, First Solar’s thin film solar module technology allows it to easily identify local vendors for...

May 24, 2023

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Sumit Jha

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Manufacturing

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Modules

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Solar

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