battery-storage

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Jakson Green Secures ₹3 Billion Credit Facility from First Abu Dhabi Bank

Jakson Green, the renewable energy arm of the Jakson Group, has secured a ₹2.96 billion (~$35.36 million) credit facility from First Abu Dhabi Bank (Mumbai) to support...

July 23, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Daily News Wrap-Up: 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, India’s...

July 10, 2024

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Mercom Staff

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Daily Wrap-up
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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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Gensol Wins GUVNL’s 500 MWh BESS Auction at a Record-Low Tariff

Gensol Engineering won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Gujarat...

June 12, 2024

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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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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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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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost...

April 29, 2024

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Arshreet Singh

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Energy Storage
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SECI Invites Bids for 25 MW Solar Project with 50 MWh Storage in Ladakh

Solar Energy Corporation of India (SECI) has invited bids for the design, engineering, supply, construction, erection, testing, commissioning, and operation and...

April 23, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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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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Jammu and Kashmir to Host India’s Largest Battery Gigafactory at 7 GWh

GoodEnough Energy, a battery energy storage systems (BESS) manufacturer, said it will open India’s largest BESS gigafactory with 7 GWh capacity in Jammu &...

March 20, 2024

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Arshreet Singh

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Energy Storage
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Eos Energy’s Q4 Revenue Surges 148% on Higher Storage System Volumes

Energy storage solutions provider Eos Energy Enterprises reported a 148% surge in revenue in the fourth quarter (Q4) of 2023 to $6.6 million, driven by higher production...

March 5, 2024

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Arshreet Singh

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Finance and M&A
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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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Sunnova’s Q4 Losses Balloon as Operating and Interest Expenses Soar

U.S.-based residential solar firm Sunnova Energy‘s fourth quarter (Q4) net loss ballooned by about 800% to $187.6 million from $20.9 million last year, hurt by...

February 23, 2024

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Arshreet Singh

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Finance and M&A
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Czech Republic Installs 1 GW of Solar in 2023 as Households Drive Growth

The Czech Republic installed nearly 1 GW of solar capacity in 2023, up 69% from 2022, as the central European nation targets to reduce total greenhouse emissions by 30%...

January 18, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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US to Add 43 GW of Solar and 30 GW of Battery Capacity in 2025: EIA

The U.S. Energy Information Administration (EIA) predicts that solar power will emerge as the primary driver of electricity generation growth in 2024 and 2025, with the...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy

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