Mercom Research Focus
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Aggressive Bidding Puts India’s Energy Storage Push at Crossroads

Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies and tender volumes rise, discovered tariffs for battery energy...

February 4, 2026

Mercom Research Focus

Energy Storage Sees Increased VC Investment Momentum in 2025

Venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the sector declined 19% to $16.2 billion, according to Mercom Cap...

February 3, 2026

Markets & Policy

Solar Module Export Hopes Rekindle on US-India Trade Agreement

The announcement of the U.S.-India trade deal, under which Indian exports will attract a 18% tariff instead of 25%, is expected to bring relief to Indian solar exporters. U.S. President Donald Trump announced on social media that ...

February 3, 2026

Grid

CEA Reviews Grid-Forming Inverter Capacity as Renewables Expand

The Central Electricity Authority (CEA) has begun assessing the manufacturing capacity of grid-forming inverters (GFM) in India, in light of the increasing share of solar and wind energy in the country’s power mix. In a letter to ...

February 4, 2026

Latest News

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Ola Electric Begins Deliveries of Residential Battery Energy Storage Systems

Ola Electric has begun deliveries of its Ola Shakti home battery energy storage system (BESS) powered by 4680 Bharat cells, marking the company’s entry into the residential energy backup segment beyond electric scooters. Deliveries of the 6 kW/9.1...

February 4, 2026

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IEX Electricity Volumes Rise 19.6% YoY to Record 13,050 MU in January

Indian Energy Exchange (IEX) recorded its highest-ever monthly electricity traded volume of 13,050 MU in January 2026, registering a 19.6% year-on-year (YoY) growth. This performance was supported by robust participation across market segments and...

February 4, 2026

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Atlanta Wins ₹2.88 Billion Transformer Orders from KPTCL, Datta Power

Atlanta Electricals has secured multiple power transformer supply contracts, valued at ₹2.88 billion (~$31.56 million), from Karnataka Power Transmission Corporation (KPTCL) and Datta Power Infra, an independent power producer executing projects for...

February 4, 2026

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Daily News Wrap-Up: CSERC Clarifies DSM Charges for Open Access Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) issued clarifications on the applicability of wheeling and Deviation Settlement Mechanism (DSM) charges for intrastate open access consumers, proposing a one-time settlement mechanism...

February 4, 2026

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Solar PPA Prices Rise 9% YoY in North America While Europe Falls 8%

The corporate renewable power purchase agreement (PPA) market in the U.S. and Europe is diverging on price trends but converging on structure. According to LevelTen Energy’s Q4 2025 PPA Price Index, Europe continues to see falling prices, while the...

February 4, 2026

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Europe’s Power Market Reprices as Renewables Reshape Value: Pexapark

Europe’s power system has entered a phase dominated by renewables, fundamentally changing price formation, risk allocation, and revenue stability. In 2025, renewables accounted for 47.8% of total EU electricity generation, with solar output...

February 4, 2026

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Project Finance Brief: Voltwise Power Closes $211 Million in Acquisition Financing

From: Mercom Capital Group Voltwise Power, a utility-scale battery storage project developer, closed the syndication of a £153.9 million (~$211 million) acquisition financing supporting the purchase of a 460 MW diversified battery energy storage...

February 4, 2026

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Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility

From: Mercom Capital Group Jupiter Power, a utility-scale energy storage project developer and operator, has secured a $500 million senior-secured green revolving loan and letter of credit facility. Barclays Bank, HSBC Bank USA, ING Capital,...

February 4, 2026

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Ladakh Invites Bids for 1-3 kW Rooftop Solar Systems in 7,000 Households

The Ladakh Power Development Department (LPDD) has invited bids to set up rooftop solar systems of 1–3 kW for up to 7,000 residential consumers under the PM Surya Ghar: Muft Bijli Yojana, through the utility-led aggregation–renewable service company...

February 4, 2026

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