energy-storage

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Corporate Funding for Energy Storage Surges to $15.4 Billion in 1H of 2024

Corporate funding for energy storage companies surged to $15.4 billion across 64 deals in the first half (1H) of 2024, reflecting a 117% increase from the $7.1 billion...

July 24, 2024

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Gautamee Hazarika

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Energy Storage

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Finance and M&A
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Energy Storage in India – Balancing Cost, Renewable Integration and Grid Stability

Affordable energy storage is the key to ensuring renewable energy is reliable and well integrated into the power mix. Energy storage is crucial for maintaining a steady...

July 19, 2024

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Arjun Joshi

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Energy Storage

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Other
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Solar and Wind Energy Uptake to Reach 5.4 TW from 2024 to 2033

The global renewable energy landscape is set to undergo significant expansion, with over 5.4 terawatts (TW) of new solar and wind capacity expected to be added from 2024...

July 10, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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L&T Wins 185 MW Solar Project with 254 MWh Energy Storage in Bihar

Larsen & Toubro (L&T) has secured an order to build a grid-connected 185 MW solar power project with 254 MWh battery energy storage system (BESS) in Bihar’s...

June 24, 2024

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Gautamee Hazarika

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Energy Storage

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: MNRE Portal to Verify DCR Content in Solar Modules

The Ministry of New and Renewable Energy (MNRE) has developed an online portal to ensure the traceability of domestically manufactured solar photovoltaic (PV) cells and...

June 24, 2024

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Mercom Staff

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Daily Wrap-up
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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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Stanford Scientists Advance Liquid Battery for Renewable Energy Storage

Researchers at Stanford University have made progress on an emerging technology that uses liquid organic hydrogen carriers (LOHCs) to essentially create a ‘liquid...

June 20, 2024

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Arshreet Singh

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Energy Storage

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Technology
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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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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

May 10, 2024

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Arshreet Singh

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Energy Storage

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Finance and M&A
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Falling Battery Prices Hurt Stem’s Q1 Revenue, Loss Widens by 61%

Smart energy storage company Stem reported a net loss of $72.3 million for the first quarter of 2024, up 61% from the net loss of $44.8 million last year, as extended...

May 6, 2024

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Arshreet Singh

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Finance and M&A
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Daily News Wrap-up: NTPC’s 260 MW Solar EPC Tender

NTPC Renewable Energy has invited bids for the engineering, procurement, and construction package for a 260 MW grid-connected solar power project in Bikaner, Rajasthan....

April 30, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

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Mercom Staff

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Daily Wrap-up
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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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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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