Thermal Storage Can Expand Long-Duration Energy Storage to 8 TW by 2040
Thermal energy storage (TES), as a form of long-duration energy storage (LDES), can help decarbonize roughly 45% of all energy-related emissions by ensuring that industrial operations requiring heat are optimized ...
Battery Storage System Costs High, But ROI Remains Attractive: Mercom Webinar
The steep upfront investment required for lithium-ion battery storage systems is the major impediment in their large-scale deployment with solar projects even though the return on investment (ROI) is attractive, ...
SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions
Distributed generation storage and energy services provider SunPower Corporation posted a net income of $139 million for the third quarter (Q3) of 2022, compared with a loss of $84.4 million ...
Webinar to Shed Light on How Battery Storage Enhance Solar Systems’ Performance
Battery energy storage technologies globally are transforming how companies utilize, control, and dispatch electricity and facilitating a smoother transition to clean energy. The Indian market is also realizing how battery ...
solarZero Trades Energy Grid Stability Services from its VPP in New Zealand’s Exchange
New Zealand's solar and battery storage solutions provider solarZero said it had traded energy grid stability services from its virtual power plant (VPP) in the Electricity Reserves Market. In what ...
Iron Flow Battery Maker ESS Tech Cuts Loss by 38% YoY
U.S.-based manufacturer of long-duration iron-flow batteries ESS Tech recorded a loss of $31.6 million in Q3 2022, a 38% year-over-year (YoY) improvement compared to a loss of $51.33 million in ...
Tender Issued for Five 10 MW/40MWh Battery Energy Storage Projects in Uttar Pradesh
Uttar Pradesh Power Corporation (UPPCL) has issued Requests for Selection (RfS) to set up five standalone Battery Energy Storage Systems (BESS) of 10 MW/40 MWh each in Uttar Pradesh. The ...
Enphase Energy’s Revenue Jumps 81% to $635 Million in Q3 2022 on Strong Demand
Microinverter-based solar-plus-storage systems company Enphase Energy recorded revenue of $634.7 million in the third quarter (Q3) of 2022, a year-over-year (YoY) increase of 81% from $351.5 million. The numbers marked ...
Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022
Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a quarter-over-quarter (QoQ) leap ...
Chennai’s C&I Sector Looks to Adopt Solar to Meet Energy Demand as ROIs Improve
Mercom India’s recently concluded C&I Clean Energy Meet 2022 in Chennai addressed commercial and industrial (C&I) consumers’ concerns on the viability of solar open access as an alternative energy source ...
Corporate Funding for Energy Storage Firms Up 69% YoY to $22 Billion in 9M 2022
Global corporate funding for energy storage, smart grid, and energy efficiency companies in the first nine months (9M) of 2022 increased to $25 billion compared to $15.1 billion raised in ...
Global Energy Storage Market to Grow 15-fold from 27 GW to 411 GW by 2030: BNEF
Energy storage installations worldwide are projected to reach a cumulative of 411 GW by the end of the decade, according to BloombergNEF (BNEF). In its 2H 2022 Energy Storage Market ...
Swiss Researchers Announce Record Efficiency of 22.2% for Flexible CIGS Solar Cells
Researchers at the Swiss Federal Laboratory for Material Science and Technology have claimed to have achieved an efficiency of 22.2% for CIGS (composite of copper, indium, gallium, and selenide) flexible ...
Energy Storage Firm ONE to Invest $1.6 Billion for a EV Battery Gigafactory in Michigan
Our Next Energy (ONE), a Michigan-based energy storage technology company, announced a $1.6 billion investment in a new battery cell manufacturing plant called ONE Circle in Van Buren Township, Michigan ...
Machine Learning Algorithm Developed to Study EV Battery Charging Time, Performance
Researchers from the University of Cambridge in the United Kingdom claimed to have developed a machine learning (ML) algorithm that can help reduce the charging times of batteries used in ...
Umicore and Volkswagen’s PowerCo in €3 Billion Deal for Battery Materials Production
Umicore, a Belgium-based circular materials technology company, and Volkswagen Group’s battery unit PowerCo have announced a joint venture with a plan to invest about €3 billion ($2.9 billion) to establish ...
A 10 kWh Battery Storage System Can Fully Meet Backup Needs of Three-Day Outage in the US
If heating and cooling loads are excluded from backup, small behind-the-meter Solar Photovoltaic plus Energy Storage Systems (PVESS) with just 10 kWh of storage can fully meet backup needs over ...
Flux Power’s Revenue Up by 61% YoY to $42.3 Million in FY 2022 as Sales Volumes Surge
Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a 61% year-over-year (YoY) growth in revenue on the back of shipments of $42.3 million for the fiscal year (FY) ...
Researchers in Hong Kong Achieve Breakthrough in Post Lithium-Ion Battery Tech
A team of researchers led by Professor Dennis Leung from the Department of Mechanical Engineering at the University of Hong Kong (HKU) have recently discovered a new possibility beyond lithium-ion-based ...
Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a request by the Uttar Pradesh Power Corporation (UPPCL) to issue a tender to install five battery energy storage systems (BESS) ...
EV Startup Esmito Raises ₹100 Million to Expand Battery Swapping Solutions
Esmito, an IIT Madras incubated electric vehicle (EV) startup, has raised ₹100 million (~$1.25 million) in a seed round led by Mumbai-based early-stage investor Unicorn India Ventures. The funds raised ...
Domestic Battery Manufacturing Crucial to Achieving India’s Non-Fossil Fuel Goals
Developing a localized advanced cell supply-chain ecosystem will help India create a competitive advantage in mobility, grid energy storage, and consumer electronics, according to a report. NITI Aayog and Rocky ...
SECI Invites R&D Proposals to Set Up Pilot Energy Storage Systems
Solar Energy Corporation of India (SECI) has invited research and development (R&D) proposals to set up pilot energy storage systems (ESS) and other renewable energy projects and products. The tender ...
West Bengal Issues Open Access Regulations Including Green Energy
Consumers who have contracted demand or sanctioned load of 100 kW will be eligible to procure green energy through open access in West Bengal, according to the Open Access Regulations, ...
Solar Monitoring and Analytics Company Prescinto Raises $6.5 Million in Financing
Indian solar monitoring and analytics platform Prescinto Technologies has raised $6.5 million in financing and forayed into the U.S. market. The company is partnering with a major international energy storage ...
