Market & Policy

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Himadri Chemical to Set Up Li-ion Battery Components Plant in Odisha

Mumbai-based Himadri Speciality Chemical is setting up a facility in Odisha to produce Lithium-ion Battery (LiB) components with a total annual production capacity of...

December 7, 2023

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Staff

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Energy Storage

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Market & Policy
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Fluence Energy Records First-Time Profits as Net Income Surges 91.4% in Q4

Energy storage technology and solutions provider Fluence Energy recorded a net income of $4.82 million for the fourth quarter (Q4) of the fiscal year (FY) 2022-23, a...

December 1, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Coal Ministry Identifies 20 Abandoned Mines to Develop Pumped Storage Projects

The Ministry of Coal has identified 20 abandoned mines to evaluate their feasibility for setting up pumped storage projects and leveraging vast land banks’...

November 10, 2023

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Satish Shetty

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Energy Storage

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Market & Policy
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Flux Power’s Q1 FY24 Revenues Drop 17% YoY as Energy Storage Shipments Defer

Lithium-ion storage solutions provider Flux Power Holdings recorded a net loss of $2.11 million for the first quarter (Q1) of the fiscal year (FY) 2023-24, a marginal 1....

November 10, 2023

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Satish Shetty

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Energy Storage

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Market & Policy
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Venture Capital Funding for Energy Storage Rises 115% in 9M of 2023

Global corporate funding in the energy storage sector witnessed a 31% year-over-year (YoY) decrease during the first nine months (9M) of 2023, with a total of $15.2...

October 26, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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Mercom Research Focus
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Supreme Court Clarifies Ownership, Consumption Terms for Captive Power Projects

In a recent ruling, the Supreme Court of India reaffirmed that a user who owns 26% of a captive power-generating project and utilizes 51% of its electricity could be...

October 11, 2023

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Rakesh Ranjan

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Market & Policy

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Solar
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Flux Power Narrows Net Loss in Q4 FY23, Reports 44% YoY Improvement

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the fourth quarter (Q4) of the fiscal year (FY) ended June 30, 2023, was $1.5 million as...

September 27, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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US Grid-Scale Energy Storage Installations Rise 172% in Q2 2023

The energy storage market in the United States, including grid-scale, residential and community, commercial, and industrial segments, experienced an 80% year-over-year...

September 25, 2023

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Arjun Joshi

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Energy Storage

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Market & Policy
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Energy Storage Vital to Make Renewable Energy Viable: Interview

In an exclusive interview with Mercom India, Sushain Sharma, Managing Director, Stem India, talks about the company’s energy storage offerings and plans for India. He...

September 21, 2023

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Satish Shetty

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Energy Storage

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Market & Policy
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Zenobē Secures £870 Million for Global EV Fleet and Battery Storage Expansion

Zenobē, a global fleet electrification and battery storage solutions company, has secured approximately £600 million (~$643.9 million) in funding from KKR, an...

September 11, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Cabinet Approves ₹37.6 Billion Viability Gap Funding for Battery Energy Storage Projects

The Union Cabinet has approved the viability gap funding (VGF) for the development of the battery energy storage systems (BESS) program with an initial allocation of ₹94...

September 6, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Ministry Proposes Viability Gap Funding for Energy Storage Projects

The Ministry of Power has released a comprehensive framework to create an ecosystem for developing energy storage systems (ESS) to guarantee affordable, clean, stable,...

September 4, 2023

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Renewable Developer Emeren’s Net Income Hits Five-Year High in Q2 2023

Utility-scale solar and battery storage projects developer Emeren Group recorded a net income of $8.3 million during the second quarter (Q2) of 2023, marking the highest...

September 1, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy

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Solar
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ENGIE Acquires US-based Battery Storage Firm Broad Reach Power

France-based energy firm ENGIE has announced the signing of a definitive agreement to acquire 100% of Houston-based battery storage company Broad Reach Power, with a...

August 25, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Engineers India Appointed as Independent Engineer for PLI ACC Program

The Ministry of Heavy Industries has appointed Engineers India, a public sector engineering consultancy company, to oversee the progress of selected beneficiaries under...

August 25, 2023

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Arjun Joshi

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Energy Storage

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Market & Policy

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