energy-storage

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Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project

The Delhi Electricity Regulatory Commission (DERC) has approved the Battery Energy Storage System (BESS) agreement between BSES Rajdhani Power (BRPL) and Kilokari BESS...

May 13, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Staff

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Finance and M&A
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Daily News Wrap-up: NTPC’s 260 MW Solar EPC Tender

NTPC Renewable Energy has invited bids for the engineering, procurement, and construction package for a 260 MW grid-connected solar power project in Bikaner, Rajasthan....

April 30, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

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Mercom Staff

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Daily Wrap-up
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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Ahead of the seven-phase elections to the Lok Sabha, India’s lower house of Parliament, starting April 17, 2024, the two major political parties in the fray have...

April 15, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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Daily News Wrap-Up: India’s Solar Module Manufacturing Capacity Reaches 64.5 GW

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in the calendar year 2023, according to the recently released State of Solar PV Manufacturing in...

March 29, 2024

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Mercom Staff

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Daily Wrap-up
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Chemical Used for Water Treatment Could Find Application in Iron-based Flow Batteries

Researchers at the U.S. Department of Energy’s (DOE) Pacific Northwest National Laboratory (PNNL) have repurposed nitrogenous triphosphate or nitrilotri-methylphosphonic...

March 28, 2024

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Mercom Staff

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Energy Storage

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Market & Policy
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GRIDCO Invites Bids for 2.5 GWh of Energy Storage Capacity

Grid Corporation of Odisha (GRIDCO) has invited bids to procure 500 MW (2,500 MWh) of energy storage capacity with 5 hours of daily peak power support for a period of...

March 26, 2024

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Staff

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Tenders & Auctions
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Ministry Issues Viability Gap Funding Guidelines for Battery Storage

The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide viability gap funding (VGF) of up to 40% to...

March 20, 2024

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Staff

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Energy Storage

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Market & Policy
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Shoals’ Q4 Revenue Surges by 38%, Driven by Higher Sales

Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and eMobility reported a net income of $16.6 million during...

March 1, 2024

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Gautamee Hazarika

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Markets & Policy

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Other

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Renewable Energy
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Serentica to Provide Uninterrupted Green Power Through a Mix of Renewables: Interview

Renewable energy developer Serentica Renewables is strategically employing a diverse mix of solar, wind, and energy storage technologies. The company has recently...

February 23, 2024

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Gautamee Hazarika

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C&I

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Markets & Policy

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Renewable Energy
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Subsea Pumped Hydro Storage Can Stabilize Renewable Energy, Researchers Say

A team of researchers from the University of Stavanger in Norway, in a recent study, explored the large-scale energy storage potential of the ocean to support...

February 16, 2024

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Staff

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Renewable Energy

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