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Underbidding in Battery Energy Storage Auctions Raises Questions Over Project Viability

In recent standalone battery energy storage system (BESS) auctions, several companies have won projects at tariffs below the levelized cost of storage (LCOS), signaling an increasingly aggressive bidding environment. At such low t...

January 30, 2026

Mercom Research Focus

BEE’s New Building Code Could Boost Solar Adoption in Commercial Buildings

A new building code rolled out by the Bureau of Energy Efficiency (BEE) to improve energy efficiency in commercial buildings and office spaces could drive renewable energy adoption, provided states incorporate it into local buildi...

January 29, 2026

Energy Storage

CEA Highlights Pumped Storage as Base Load to Address Peak Power Demand

India’s total installed pumped storage project (PSP) capacity is expected to reach approximately 87 GW by 2033-34, according to the Central Electricity Authority’s (CEA) Roadmap to 100 GW of Hydro Pumped Storage Projects by 2035-3...

January 29, 2026

Energy Storage

Dispatchable Power Key to Support Industrialization: Economic Survey

India must approach the coming decade not as a climate policy problem in isolation, but as a broader energy system strategy that sequences the transition in line with growth, security, and institutional preparedness, according to ...

January 29, 2026

Latest News

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Solarworld’s Q3 FY 2026 Revenue Jumps 184% on Strong EPC Execution

Uttar Pradesh-based renewable energy company Solarworld Energy Solutions reported a revenue of ₹5.78 billion (~$62.88 million) for the third quarter (Q3) of the financial year (FY) 2026, up 184% year-over-year (YoY) from ₹2.04 billion (~$22.19...

January 30, 2026

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Luminous Enters Li-ion Battery Manufacturing with 500 MWh Assembly Line

Gurgaon-based energy solutions provider Luminous Power Technologies has inaugurated its first lithium-ion (Li-ion) battery assembly line at Baddi in Himachal Pradesh. The automated assembly line has an annual capacity of 500 MWh and can manufacture...

January 30, 2026

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China’s Installed Energy Storage Capacity Reached 213.3 GW in 2025

China’s total installed energy storage capacity reached 213.3 GW, increasing 54% year-over-year (YoY), according to preliminary data from the China Energy Storage Alliance (CNESA). The country has achieved its energy storage installation target two...

January 30, 2026

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Fraunhofer Launches 3 kV String Inverters for Medium-Voltage Solar

Germany’s Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE) has launched the “PVgoesMV” project to demonstrate the world’s first medium-voltage solar projects using 3 kV string inverters, positioning the initiative as a response to...

January 30, 2026

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Daily News Wrap-Up: New BEE Code Can Speed Up Solar in Commercial Buildings

A new building code rolled out by the Bureau of Energy Efficiency (BEE) to improve energy efficiency in commercial buildings and office spaces could drive renewable energy adoption, provided states incorporate it into local building bylaws. The BEE...

January 30, 2026

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RECPDCL Tenders Transmission Project to Evacuate 6 GW of Solar Power

REC Power Development and Consultancy (RECPDCL) has invited bids to set up an interstate transmission system (ISTS) to evacuate 6 GW of solar power from the Barmer-II pooling substation in Rajasthan. The last date to submit bids is April 1, 2026....

January 30, 2026

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Long-Duration Energy Storage Costs Expected to Decline Significantly by 2030: Report

Long-duration energy storage (LDES) technologies are expected to see meaningful cost reductions by 2030, driven by technological improvements, increased manufacturing scale, and supply chain maturation, according to a new study released by the LDES...

January 30, 2026

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Uttar Pradesh Regulator Approves Tariff for NREL’s 400 MW Solar Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a tariff of ₹2.56 (~$0.028)/kWh for NTPC Renewable Energy’s (NREL) 400 MW solar project. The Commission also approved the power purchase agreement (PPA) executed between Uttar...

January 29, 2026

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