Energy Storage

Smart energy storage company Stem recorded revenue of $67 million in the second quarter (Q2) of 2022, a year-over-year (YoY) increase of 246% from $19 million. Stem attributed higher hardware ...

Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have signed the program agreement under the Production Linked Incentive (PLI) Program for Advanced Chemistry Cell (ACC) Battery Storage. Mercom had ...

There is a growing need for energy storage systems to supply round-the-clock power, given the intermittent nature of wind and solar energy. India's energy storage capacity stands at 27.2 GWh ...

Microinverter-based solar-plus-storage systems company Enphase Energy recorded second-quarter (Q2) revenue of $530.2 million, a year-over-year (YoY) increase of 66% from $316.05 million in Q2 2021. The company said that the ...

Taking a step further to maintain sustainability in battery production, Finland-based forest products manufacturer Stora Enso and lithium-ion battery producer Northvolt inked an agreement to develop what is claimed to ...

Europe is expected to achieve a battery cell production capacity of 124 GWh during 2022, with significant Asian cell producers expanding operations in the region and extensive investments in many ...

Given the intermittent nature of solar and wind energy and the growing demand for round-the-clock power in India, energy storage is the vital missing piece. Energy storage is key to ...

Hero Future Energies (HFE), the renewable energy venture of Hero Group, was declared the winner of the auction conducted by the Kerala State Electricity Board (KSEBL) for the construction of ...

Global corporate funding for battery storage, smart grid, and energy efficiency companies in the first half (1H) 2022 increased to $17 billion compared to $10.4 billion raised in 1H 2021, ...

Bengaluru-based electric vehicle (EV) manufacturer Ola Electric announced that it will invest $500 million in setting up a state-of-the-art Battery Innovation Center (BIC) in Bengaluru. According to the company, the ...

Two researchers from the University of Arizona have developed a metal-free electrolyte that they plan to use to make non-toxic batteries that can store large amounts of electricity. The team ...

Scientists at the Indian Institute of Technology (IIT), Kharagpur, have used nanomaterials to develop sodium-ion (Na-ion) batteries and supercapacitors that can be integrated into e-cycles for rapid charging. The aim ...

Experts at the U.S. Department of Energy’s (DOE's) National Renewable Energy Laboratory (NREL) have outlined key measures to limit and reuse the materials used in diverse designs of photovoltaics and ...

The Bureau of Indian Standards (BIS) has issued performance standards for electric vehicle (EV) batteries to ensure the safety of the consumers amidst the report of EV fires across the ...

India-based lithium-ion battery recycling startup BatX Energies raised $1.6 million in a seed funding round led by JITO Angel Network. The round saw participation from existing investors such as Rohit ...

The Hinduja Group, along with Caterpillar Venture Capital, Mercuria, Our Crowd, and Volvo Energy, is investing £15 million (~$18.45 million) in Connected Energy, a second-life battery energy storage company. The ...

Indo-German start-up Nunam is bringing three electric rickshaws to India powered by used batteries from test vehicles in the Audi e-Tron test fleet. The project explores how modules made with high-voltage batteries can ...

The U.S. energy storage market added 955 MW and 2,875 MWh of new installations across all segments in the first quarter (Q1) of 2022, taking the total grid-scale installations capacity ...

EDF Renewables North America, a wholly-owned subsidiary of the French utility EDF Group, announced that its three solar plus energy storage projects were awarded long-term contracts by the New York ...

The Loans Programs Office (LPO) of the United States Department Of Energy (DoE)  has closed a $504.4 million loan guarantee for an Advanced Clean Energy Storage (ACES) project in Utah ...

Dakshin Haryana Bijli Vitran Nigam (DHBVN) is seeking expression of interest (EoI) from any Indian or global company or their consortium, affiliates, or representatives for setting up a grid-scale battery ...

NTPC Vidyut Vyapar Nigam (NVVN) has issued an invitation for bids for the supply of electric vehicle (EV) chargers for the public charging infrastructure in cities under the Faster Adoption ...

Inverter manufacturer Sungrow has announced that it will be supplying its storage solutions to Tata Power Solar Systems' (TPSSL) 60.56 MWh battery energy storage system (BESS) project at Phyang, in ...

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported a revenue of $2.2 million in the first quarter (Q1) 2022, a 358% year-over-year (YoY) increase compared to $480,000 in Q1 ...

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...