battery

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Solid Power’s Q1 Net Loss Widens as Battery Tech Commercialization Nears

Solid Power, which develops solid-state battery technology for electric vehicles, reported a net loss for the first quarter (Q1) of 2024 that widened to $21.2 million...

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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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Seven Companies in Race for 10 GWh Advanced Chemistry Cells Capacity Under PLI

The Ministry of Heavy Industries’ (MHI) tender to select manufacturers for Advanced Chemistry Cells (ACC) under the Production Linked Incentive (PLI) program has...

April 23, 2024

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Arjun Joshi

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Energy Storage

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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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GUVNL Issues Tender for 500 MWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under...

March 18, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Project Finance Brief: Strata Clean Energy Secures $559 Million for Storage Project

From: Mercom Capital Group Strata Clean Energy, a developer, owner, and operator of renewable energy projects, secured $559 million in financing for a 255 MW/1,020 MWh...

February 28, 2024

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Staff

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Finance and M&A

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Other
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New Technology May Help EV Batteries Charge Faster, Last Longer

Scientists at the U.S. National Renewable Energy Laboratory (NREL) have developed a new manufacturing process called BatMan that could improve electric vehicle (EV)...

February 27, 2024

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Staff

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Technology
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Parliamentary Standing Committee Calls for Uniform Electric Vehicle Policy

The Parliamentary Standing Committee on Industry has recommended that the government formulate a consistent and stable national policy on electric mobility to create a...

December 22, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Battery Recycling Firm BatX Secures $5 Million to Fund Expansion Plans

BatX Energies, an India-based sustainable and circular Lithium-ion (Li-ion) battery recycling company, has raised $5 million in pre-series A Funding. The funds will be...

December 19, 2023

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Staff

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Energy Storage

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Market & Policy
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Himadri Chemical to Set Up Li-ion Battery Components Plant in Odisha

Mumbai-based Himadri Speciality Chemical is setting up a facility in Odisha to produce Lithium-ion Battery (LiB) components with a total annual production capacity of...

December 7, 2023

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Staff

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Energy Storage

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Market & Policy
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GUVNL Floats Tender for 500 MWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under...

November 30, 2023

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Electric Mobility Company Baaz Bikes Raises $8 Million

New Delhi-based electric vehicle company Baaz Bikes has announced the completion of its Series A funding round, raising $8 million. The funding round was led by...

November 22, 2023

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Staff

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Electric Vehicles

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Grid
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Project Finance Brief: Leeward Secures $580 Million for Solar and Wind Projects

From: Mercom Capital Group Leeward Renewable Energy, a solar, wind, and energy storage project developer, closed $580 million of tax equity commitments and debt...

November 22, 2023

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Staff

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Finance and M&A

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Other
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Amara Raja’s Q2 FY24 Profit Up 12.5% YoY as Sales Volume Grows

Amara Raja Energy & Mobility recorded a profit of ₹2.26 billion (~$27.1 million) during the second quarter (Q2) of the financial year (FY) 2024, a year-over-year...

November 3, 2023

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Gautamee Hazarika

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Energy Storage

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Markets & Policy
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Toyota Announces $8 Billion Investment in its US Battery Facility

Automobile manufacturer Toyota has announced an $8 billion investment in its United States-based facility, Toyota Battery Manufacturing North Carolina (TBMNC), aiming to...

November 3, 2023

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Staff

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Electric Vehicles

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Grid

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