Mercom Research Focus
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Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Energy Storage

Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand. Pace Digitek won the project valued at ₹7.02 billion (~$74.33 ...

May 8, 2026

Energy Storage

UPPCL Announces Winners of 1.5 GWh Battery Storage Auction

The Uttar Pradesh Power Corporation (UPPCL) has announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh, and Agastya Green Energy won 62.5 MW/250 MWh at a tariff o...

May 6, 2026

Sponsored News

Hopewind’s Energy Storage PCS Meets India’s 51°C Heat Challenge

Renewable energy solutions company Hopewind is powering over 650 MW of utility-scale battery energy storage systems (BESS) across two major projects in Rajasthan, deploying more than 260 units of its 2.5 MW central power conversio...

May 7, 2026

Latest News

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Solar Landscape Secures $600 Million for Distributed Solar Deployment

Solar Landscape, a U.S.-based commercial rooftop solar developer, has secured a $600 million green-labeled senior debt warehouse facility to support its distributed solar project pipeline across the U.S. The financing comprises a $350 million...

May 8, 2026

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MNRE Mandates 10-Year Warranty, 25-Year Performance Cover for Solar Modules

The Ministry of New and Renewable Energy (MNRE) has issued a standard procedure for warranty management and claims settlement for solar modules installed under distributed renewable energy programs, mandating a 10-year product warranty and a 25-year...

May 8, 2026

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Ballard’s Revenue Up 26% in Q1 2026 on Higher Fuel Cell Shipments

Fuel cell manufacturer Ballard Power Systems’ revenue surged 26% year-over-year (YoY) to $19.4 million in the first quarter (Q1) of 2026, from $15.4 million on the back of higher deliveries to its rail and bus verticals. Marty Neese, Ballard’s...

May 8, 2026

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SolarEdge’s Q1 Revenue Rises 41.5% YoY on Higher Inverter and Battery Shipments

Israel-based solar inverter manufacturer SolarEdge reported revenues of $310.5 million in the first quarter (Q1) of 2026, a 41.5% year-over-year (YoY) jump from $219.5 million and beating analysts’ expectations by $5.03 million. The company...

May 8, 2026

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Fluence Energy’s Revenue Rises 8% YoY to $465 Million in Q2 2026

Utility-scale energy storage firm Fluence Energy reported revenue of $464.9 million for the second quarter (Q2) of fiscal year 2026, a 7.7% year-over-year (YoY) increase from $431.6 million. Revenue missed analysts’ estimates by $157.42 million. The...

May 8, 2026

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REC Silicon Posts Lower Q1 Revenue as Oversupply Pressures Persist

Norway-based silicon material manufacturer REC Silicon reported revenue of $19.5 million in the first quarter (Q1) of 2026, down 8.9% from $21.4 million in the same period last year. The company reported a diluted loss per share from total...

May 8, 2026

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Pricing Pressure Pushes Flux Power’s Revenue Down 61% YoY in Q3 FY 2026

Lithium-ion storage solutions provider Flux Power has reported revenue of $6.59 million in the third quarter (Q3) of the fiscal year (FY) 2026, down 60.7% year-over-year (YoY) from $16.7 million. The revenue fell short of analyst expectations of $10....

May 8, 2026

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Apple to Invest ₹1 Billion in CleanMax for 150 MW Renewable Energy Projects

Multinational technology company Apple has committed an initial investment of ₹1 billion (~$10.6 million) in Clean Max Enviro Energy Solutions (CleanMax) to develop more than 150 MW of renewable energy capacity in India. Apple previously partnered...

May 8, 2026

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ACME Solar’s Q4 Revenue Rises 12.5% on Capacity Additions, Higher CUF

Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹5.48 billion (~$58.05 million) in the fourth quarter (Q4) of the financial year (FY) 2026, a 12.5% year-over-year (YoY) jump from ₹4.87 billion (~$51.59 million)....

May 8, 2026

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SEG Solar to Build 4 GW Solar Module Manufacturing Facility in Houston

SEG Solar, a California-based solar module manufacturer, has announced plans to establish a 4 GW solar module manufacturing facility in Houston, Texas. Commercial operations at the new facility are expected to begin in the third quarter of 2026. The...

May 8, 2026

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