Storage Market Policy

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The Evolution and Challenges of Hybrid Power Projects in India

India’s renewable energy landscape has transitioned from standalone solar and wind installations to highly customized hybrid power projects that often include...

July 26, 2024

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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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Wind
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Policies Must Focus on Entire Value Chain of Domestic Solar Manufacturing

India is working to enhance its domestic manufacturing capabilities for renewable energy projects and to fortify local supply chains to achieve its clean energy goals....

July 25, 2024

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Gautamee Hazarika

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Market & Policy

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Renewable Energy
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India’s Installed Battery Storage Capacity Hits 219 MWh

India’s total Battery Energy Storage System (BESS) capacity reached 219.1 MWh as of March 2024, according to Mercom India Research’s newly released report,...

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SEZ Developers Allowed to Install Solar Systems for Captive Consumption

The Ministry of Commerce has allowed developers of Special Economic Zones (SEZ) and units in SEZs to install solar systems for captive consumption, following demands...

June 27, 2024

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B.S. Nagaraj

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Market & Policy

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Solar
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US Energy Storage Market Sees Record 3,512 MWh Deployed in Q1 2024, Up 89% YoY

The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 MW/3,512 MWh deployed across all segments. This marks the highest...

June 21, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Battery Smart Secures $65 Million to Expand EV Battery Swapping Network

Battery Smart, a battery swapping network for electric two- and three-wheelers, has secured $65 million in a Series B funding round led by LeapFrog Investments. This...

June 20, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Implementation Issues Continue to Plague the Rollout of PM Surya Ghar Yojana

The PM Surya Ghar Yojana, an initiative by the government to install rooftop solar systems in 10 million households, has hit several roadblocks in its implementation...

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CERC Raises Block Bid Size to 100 MW for Power Generators in Exchanges

The Central Electricity Regulatory Commission (CERC) has increased the maximum block bid size for all power generators, including those using renewable sources and...

May 31, 2024

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Arshreet Singh

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Market & Policy
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CERC Approves Scheduling, Metering, Accounting Procedure for BESS Project

The Central Electricity Regulatory Commission (CERC) has approved the procedure for scheduling, metering, accounting, and settlement submitted by the National Load...

May 21, 2024

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Arjun Joshi

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Energy Storage

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Market & Policy
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Eos Energy Narrows Loss in Q1 2024, Cuts Direct Material Cost

Energy storage solutions provider Eos Energy Enterprises narrowed its first quarter, 2024 net loss by 34.7% to $46.71 from $71.6 million in the same quarter of 2023....

May 16, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project

The Delhi Electricity Regulatory Commission (DERC) has approved the Battery Energy Storage System (BESS) agreement between BSES Rajdhani Power (BRPL) and Kilokari BESS...

May 13, 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 Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining...

April 30, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

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Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of...

April 24, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Tata Invests in Lithium-Free Battery Startup Alsym in Boston

Boston-area startup Alsym Energy has raised $78 million in new funding to increase headcount and ramp up prototyping of its non-flammable rechargeable battery technology....

April 4, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy

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