Storage Market Policy

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Chemical Firm Himadri Invests $7 Million in Australian Battery Startup Sicona

India-based specialty chemical company Himadri has announced an investment of AU$10.32 million (~$7 million) in Australian startup Sicona Battery Technologies to produce...

June 1, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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LG and Hyundai to Build $4.3 Billion Battery Cell Manufacturing Unit in US

LG Energy Solution (LGES) and Hyundai Motor Group have announced a joint venture to manufacture electric vehicle (EV) battery cells in the United States. The partnership...

May 29, 2023

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Government to Finance 30% of Green Shipping Project Cost

The Ministry of Ports, Shipping, and Waterways (MoPSW) will bear 30% of the cost for green shipping initiatives to accelerate the green transition in the Indian shipping...

May 23, 2023

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Arjun Joshi

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Market & Policy

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Other
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Battery Storage Firm Flux Power’s Q3 Net Loss Narrows on Higher Sales Volume

The net loss of lithium-ion storage solutions provider Flux Power Holdings narrowed to $1.4 million in the third quarter (Q3) of the financial year (FY) 2022-23 compared...

May 15, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Madhya Pradesh Issues Guidelines for Developing Pumped Hydro Storage Projects

Madhya Pradesh has released guidelines to promote the development of pumped hydro storage (PHS) projects in the state. These guidelines clarify the methods for allotment...

May 12, 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 Firm Fluence Cuts Q2 Loss to $37 Million on Higher Deployments

Energy storage technology and services provider Fluence’s net loss narrowed to $37.4 million for the second quarter (Q2) of the financial year (FY) 2023 from a loss of...

May 12, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Industry and Markets Should Develop Diverse Mix of Energy Storage Systems

The commercial viability and widespread use of existing energy storage solutions could conquer the next frontier in unlocking the potential of clean energy and solve...

April 28, 2023

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Role of Battery Energy Storage in India’s Renewables Sector

Affordable battery energy storage is the missing piece in making renewable energy reliable and round-the-clock as the capacity continues to grow in India. Energy storage...

April 20, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Maharashtra Regulator Approves 18% Hike in C&I Consumer Tariff for FY24

The Maharashtra Electricity Regulatory Commission (MERC) has approved raising the tariff for commercial and industrial (C&I) consumers for the current financial year...

April 3, 2023

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Arjun Joshi

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Market & Policy

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Utilities
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Energy Storage Firm Fluence Plans to Set Up Manufacturing in India

U.S.-based energy storage products and services provider Fluence will localize its products in India by the end of 2024. However, the complex process of manufacturing...

February 27, 2023

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Sumit Jha

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Energy Storage

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Market & Policy
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Flux Power’s Q2 Net Loss Narrows to $1.7 Million on Increased Sales

Flux-Power, a U.S.-based lithium-ion energy storage solutions provider, posted a net loss of $1.7 million during the second quarter (Q2) of the financial year (FY) 2023...

February 14, 2023

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Satish Shetty

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Energy Storage

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Finance and M&A

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Market & Policy
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Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising...

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Energy Storage Firms Tap $26.4 Billion in Corporate Funding in 2022, up 55% YoY

Global corporate funding for energy storage, smart grid, and energy efficiency companies increased 63% in 2022 with $31.7 billion compared to $19.5 billion in 2021,...

January 20, 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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Study Says EV Batteries Can Meet Short-Term Grid Storage Demand by 2030

Electric car batteries could boost storage by injecting electricity into the grid during times of scarcity or store during periods of excess and meet short-term storage...

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Karnataka Tariff Hike Proposal to Deter Consumers from Availing Open Access

Power distribution companies (DISCOMs) of Karnataka have proposed revised tariffs for low-tension (LT) and high-tension (HT) consumers, which include grid support...

January 17, 2023

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Rakesh Ranjan

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Market & Policy

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Solar

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