Storage 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...

June 7, 2024

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Arshreet Singh

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Market & Policy

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Rooftop

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Solar
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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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Chemical Used for Water Treatment Could Find Application in Iron-based Flow Batteries

Researchers at the U.S. Department of Energy’s (DOE) Pacific Northwest National Laboratory (PNNL) have repurposed nitrogenous triphosphate or nitrilotri-methylphosphonic...

March 28, 2024

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Mercom Staff

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Energy Storage

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Market & Policy
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US Energy Storage Grows at Record Pace with 8.7 GW, Nearly Doubling in 2023

The U.S. energy storage market saw breakneck growth in 2023, shattering previous installation records across multiple segments, as the country added 8.7 GW of new energy...

March 22, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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Ministry Issues Viability Gap Funding Guidelines for Battery Storage

The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide viability gap funding (VGF) of up to 40% to...

March 20, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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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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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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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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