Mercom Research Focus
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VGF, LCOS, and the Changing Economics of Battery Storage in India

Bid prices in the battery energy storage system (BESS) market are declining sharply, driven by viability gap funding (VGF) support and intense competition. While VGF has reduced upfront project costs, it has also spurred aggressiv...

February 9, 2026

Energy Storage

Industry Opines Budget 2026 Marks a Focus Shift to Stable Renewables

The Union Budget 2026 has provided a new focus to India’s renewable energy strategy, moving from capacity addition to developing a sustainable, resilient domestic clean energy ecosystem, with energy storage systems as the key pill...

February 6, 2026

Finance and M&A

PFC Acquires Majority Stake in REC, Board Greenlights Merger

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the Union Budget 2026–27 announcement proposing the restructuring of...

February 6, 2026

Sponsored News

Solar Open Access Primary Growth Engine for C&I Units in India: Interview

India’s commercial and industrial (C&I) renewable energy market is undergoing a structural transition, with distributed solar growing beyond rooftop installations toward larger green open-access projects. Rising electricity co...

February 9, 2026

Latest News

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Transmission Line Additions in 9M FY 2026 Meet Less Than Half the Target

India achieved 5,077 circuit kilometers (ckm) of power transmission lines between April and December in the financial year (FY) 2025–26, accounting for 47.5% of the cumulative target of 10,696 ckm set for the period, according to Central Electricity...

February 9, 2026

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West Bengal Floats Tenders for 3 MW Rooftop Solar-BESS Projects

The West Bengal Green Energy Development Corporation (WBGEDCL) has issued three engineering, procurement, and construction (EPC) tenders for setting up grid-connected rooftop solar projects with battery energy storage systems (BESS), with a...

February 9, 2026

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West Bengal Floats Tender for 20 MW/100 MWh Solar Plus BESS Project

West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for the design, engineering, supply, construction, and commissioning of a 20 MW solar power project with a 100 MWh battery energy storage system (BESS) at Goaltore in the...

February 9, 2026

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Daily News Wrap-Up: Union Budget 2026 Pushes for Stable Renewables

The Union Budget 2026 provided a new focus to India’s renewable energy strategy, moving from capacity addition to developing a sustainable, resilient domestic clean energy ecosystem, with energy storage systems as the key pillar. Industry...

February 9, 2026

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Australia Awards 12 GWh of Long Duration Storage Battery Projects

AusEnergy Services (ASL) has awarded six new long-duration storage (LDS) battery projects totaling 1.17 GW/11.98 GWh under the sixth round of New South Wales (NSW) Electricity Infrastructure Roadmap. Bridge Energy won 100 MW/870 MWh, Ark Energy won...

February 9, 2026

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Enphase’s Q4 2025 Revenue Down on Softening US, Europe Demand

Microinverter and battery storage supplier Enphase Energy reported revenue of $343.32 million for the fourth quarter (Q4) of 2025, down 10.29% year-over-year (YoY) from $382.71 million. The revenue, however, in Q4 surpassed analysts’ expectations by...

February 9, 2026

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Fluence Energy’s Revenue Jumps 154% to $475.2 Million in Q1 FY2026

Utility-scale energy storage firm Fluence Energy recorded revenue of  $475.2 million, an increase of approximately 154.4% year-over-year (YoY), in the first quarter (Q1) of the financial year (FY) 2026. The company recorded a net loss of $62.6...

February 9, 2026

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Hero MotoCorp Approves Investment of ₹2.75 Billion in Euler Motors

Hero MotoCorp has approved an additional investment of up to ₹2.75 billion (~$30.45 million) in Euler Motors. The investment is to be made in one or more tranches through a combination of primary infusion and/or secondary purchase. Euler Motors is...

February 6, 2026

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