Department of Heavy Industries Issues Details on PLI Program for Battery Storage
The Department of Heavy Industry (DHI), Government of India, has issued a notification for the performance-linked incentive (PLI) program 'National program on Advanced Chemical Cell (ACC) battery storage' to implement ...
US Grid-Scale Storage Capacity Could Grow Over 125 GW by 2050: NREL
In a recent report published by National Renewable Energy Laboratory (NREL) under the Storage Futures Study (SFS), analysts found significant market potential for utility-scale diurnal storage (up to 12 hours) ...
US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021
The United States installed 910 MWh of new energy storage systems in the first quarter (Q1) of 2021 – an increase of 252% over Q1 2020, making it the biggest Q1 ...
Production-Linked Incentive Program for Battery Storage Gets Cabinet Approval
The Union Cabinet has approved the 'National Program on Advanced Chemistry Cell Battery Storage' under the production-linked incentive (PLI) initiative. According to the Cabinet's notification, the program aims to achieve ...
Battery Maker ESS Technology Goes Public in a $1.07 Billion SPAC Deal with ACON
California-based utility-scale energy storage battery manufacturer ESS Technology has announced its merger with ACON S2 Acquisition Corp, a publicly traded special purpose acquisition company (SPAC). The collaboration has led it ...
Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra
The Maharashtra Electricity Regulatory Commission (MERC) has accepted Tata Power Renewable Energy's (TPREL) petition seeking to declare levy of safeguard duty (SGD) on the import of solar cells as a ...
Outlook for Energy Storage in 2021
As renewable installations in the country rise, it is crucial to ensure adequate energy storage solutions are in place to support renewables integration into the power mix. While the Indian government ...
Biden Rescinds Trump’s Stand on Climate Change; US Rejoins Paris Climate Agreement
United States President, Joe Biden, signed an executive order to rejoin the Paris Climate Accord on the first day of his assuming office on January 21, 2021. The decision was ...
TOTAL’s Subsidiary Saft Launches New Brand of Batteries in India
Saft, a wholly-owned subsidiary of TOTAL, recently announced the launch of the Saft Urja brand batteries to be manufactured and sold by its Indian subsidiary. The company specializes in advanced ...
Energy Storage Solutions Provider Stem Goes Public in a $1.35 Billion SPAC Deal
Artificial intelligence (AI)-driven clean energy storage systems provider - Stem Incorporated - and publicly-traded special purpose acquisition company (SPAC) - Star Peak Energy Transition Corp – declared that they have ...
Telangana Drafts A Detailed Plan for Integration of Smart Grid Technology
The Telangana State Electricity Regulatory Commission (TSERC) has drafted smart grid regulations to enhance the efficiency of its power generation, transmission, and distribution networks. The TSERC Smart Grid Regulations, 2020 ...
Zinc Battery Manufacturer Eos Energy Storage Lists on Nasdaq
Eos Energy Storage, a United States-based zinc-battery storage system manufacturer, has gone public on the Nasdaq Capital Market in a rare battery energy storage listing. The company announced that it ...
Zenobe Energy Secures £150 Million For Grid-Scale Battery and EV Charging Solutions
Zenobe Energy, a battery storage solutions provider, announced that it secured an investment worth £150 million (~$ 198.91 million) from Infracapital, the infrastructure equity investment arm of M&G. The company ...
Battery Storage Solutions Provider Form Energy Raises $70 Million
Massachusetts-based Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations – said it received its largest funding yet ...
European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 Million
Skeleton Technologies, an Estonia-based manufacturer of ultracapacitor-based energy storage, announced that it raised €41.3 million (~$48.5 million) in a Series D financing round from a group of investors. With this ...
2015-2018 Saw 70% Dip in the Price of Utility-Scale Battery Storage in the US Market
The average energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152/kWh in 2015 to $625/kWh in 2018, according to the U.S. Energy Information ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3
Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
Large Consumer Electronics Players are Leading Battery Storage Innovations Globally
Asian consumer electronics players and carmakers are driving research and development in the battery and energy storage arena, according to a joint study by the European Patent Office (EPO) and ...
Average Cost of Lithium-ion Battery Cell Likely to Plummet to $100/kWh in 2023: Report
Average lithium-ion (Li-ion) battery cell cost will fall below $100/kWh in the next three years, while improved cheaper technologies and economies of scale will drive it down to $73/kWh by ...
China Leads the Lithium-Ion Battery Supply Chain as Europe Makes Progress: BNEF Study
Chinese lithium-ion battery manufacturers are likely to retain their recently acquired number one position in the next five years. The U.S. and Sweden may emerge third and fourth by 2025, ...
Hydrogen Harnessed from Ocean Water Can Solve India’s Energy Storage Challenges: Report
The United Kingdom would need 75,000 MW of offshore wind energy to achieve net-zero emission by 2050. Such a sizeable intermittent power generation capacity could be stabilized with hydrogen generated ...
C-MET Seeks Co-funding Partners for Li-ion and Na-ion Battery Cell Manufacturing
The Center for Materials for Electronics Technology (C-MET) has invited Expressions of Interest (EoI) from interested parties for collaboration with the Center of Excellence for rechargeable battery technologies (Pre-cell). The ...
DC-DC Bidirectional Converters Offer an Innovative Energy Storage Option for Solar
The intermittent nature of renewable energy makes it imperative to store energy to maintain an uninterrupted supply of power. KEHUA, one of the leading energy solutions providers, has come up ...
IESA Rallies for Inclusion of Energy Storage Policy Framework in Electricity Act
The India Energy Storage Alliance (IESA) has submitted comments and recommendations to the Ministry of Power (MoP) on the proposed draft for Electricity (Amendment) Bill, 2020. It has proposed a ...
Levelized Cost of Storage for Standalone BESS Could Reach ₹4.12/kWh by 2030: Report
The Government of India (GoI) has set a target of achieving 175 GW of renewable power installed capacity by December 2022. However, the capacity value of these variable renewable energy ...
