Energy Storage

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GUVNL Issues Tender for 500 MWh of Standalone Battery Energy Storage Systems

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat under...

March 18, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Battery Materials Recycler LOHUM Secures ₹4.5 Billion in Series B Funding

India-based battery materials producer LOHUM has raised ₹4.5 billion (~$54 million) in a series B funding from Singularity Growth, Baring Private Equity, Cactus Venture...

March 13, 2024

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Mercom Staff

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Energy Storage

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Finance and M&A
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Gensol and IndiGrid Win GUVNL’s 500 MWh BESS Auction at Record-Low Tariffs

Gensol Engineering and IndiGrid 2 (IndiGrid) have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy...

March 7, 2024

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Satish Shetty

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Energy Storage

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Tenders & Auctions
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Stem Reports First-Ever Positive Quarterly EBITDA in Q4 as Sales Surge

Smart energy storage company Stem’s fourth quarter (Q4) net loss widened by 6.8% to $37.7 million from the net loss of 35.3 million in Q4 2022. The lower gross profit...

February 29, 2024

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Satish Shetty

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Energy Storage

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Market & Policy
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New Technology May Help EV Batteries Charge Faster, Last Longer

Scientists at the U.S. National Renewable Energy Laboratory (NREL) have developed a new manufacturing process called BatMan that could improve electric vehicle (EV)...

February 27, 2024

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Staff

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Technology
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SECI Commissions 120 MWh Battery Energy Storage System in Chhattisgarh

The Solar Energy Corporation of India (SECI) has commissioned a 40 MW/120 MWh Battery Energy Storage System (BESS) project associated with a 100 MW solar power project...

February 26, 2024

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Satish Shetty

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Energy Storage

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Market & Policy
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Researchers Discover New Fast-conducting Li-ion Material

Researchers at the University of Liverpool have discovered a solid material that rapidly conducts lithium ions, which are essential components in the rechargeable...

February 23, 2024

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Staff

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Energy Storage

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Technology
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Sunrun Swings to Q4 Loss Weighed by Lower Sales and High-Interest Rates

United States-based residential solar, battery storage, and energy services company Sunrun swung to a loss in the fourth quarter (Q4) of 2023, hurt by lower sales,...

February 22, 2024

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Staff

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Finance and M&A

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Residential

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Rooftop
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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering...

February 14, 2024

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Staff

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Energy Storage

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Market & Policy
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Gujarat Adopts Tariff of ₹3.11/kWh for Procuring 500 MW of Wind Power

The Gujarat Electricity Regulatory Commission (GERC) has adopted the tariff of ₹3.11/kWh (~$0.037) for Gujarat Urja Vikas Nigam Limited (GUVNL) to procure power from 500...

February 7, 2024

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Staff

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Market & Policy

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Wind
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Novel Liquid Crystals Yield 22% Efficiency in Large-Scale Perovskite Solar Modules

Researchers at Northwestern University have found that large-scale perovskite films, commonly used in solar technology, can be protected by liquid crystals that can...

February 5, 2024

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Staff

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Energy Efficiency

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Technology
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Sales Volume Growth Drives Amara Raja’s Q3 Profits Up 15%

Amara Raja Energy & Mobility recorded a net profit of ₹2.55 billion (~$30.7 million) during the third quarter (Q3) of the financial year (FY) 2024, a year-over-year...

February 1, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Energy Storage Sector Secures Record Venture Capital Funding of $9.2 Billion in 2023

Global venture capital funding in the energy storage sector in 2023 reached $9.2 billion, a 59% year-over-year (YoY) increase from $5.8 billion. The amount raised was...

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China Adds 217 GW of Solar Power Capacity in 2023

China’s cumulative installed power capacity reached approximately 2.92 TW, a year-over-year (YoY) increase of 13.9%, with solar power accounting for 609.49 GW, a...

January 30, 2024

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Gautamee Hazarika

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Energy Storage

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Markets & Policy

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Solar
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Taiwan-based ProLogium Opens Giga-Scale Solid-State Battery Factory

Taiwan-based solid-state battery manufacturer ProLogium opened a giga-scale lithium ceramic battery factory called Taoke in Taoyuan, Taiwan. The factory has a planned...

January 29, 2024

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Staff

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Energy Storage

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Other

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