lithium-ion

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Exide Invests ₹1 billion in Subsidiary to Fund Lithium-ion Cell Facility

Exide Industries (EIL) has announced an investment of ₹1 billion (~$10.38 million) in Exide Energy Solutions (EESL) to fund a gigawatt-scale lithium-ion cell...

July 16, 2026

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Staff

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: India Widens Duty Exemption for Li-ion Cell Equipment

The Ministry of Finance issued a notification amending the customs duty exemption applicable to machinery used in lithium-ion cell manufacturing by replacing the...

July 10, 2026

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Mercom Staff

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Daily Wrap-up
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India Widens Duty Exemption for Li-Ion Cell Manufacturing Equipment

The Ministry of Finance has issued a notification amending the customs duty exemption applicable to machinery used in lithium-ion cell manufacturing by replacing the...

July 9, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Battery Storage Shifts from Backup Power to Strategic Energy Asset in India: Interview

India’s energy transition is rapidly reshaping the role of battery storage, with businesses across sectors and renewable energy developers increasingly looking beyond...

June 19, 2026

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Meghana Prasad

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Energy Storage

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Market & Policy
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Bridge Green Inaugurates 7,200 MTPA Li-ion Battery Recycling Facility

Bridge Green Upcycle, a clean technology company with operations in India and the U.S., inaugurated its 7,200 metric tons per annum (MTPA) circularity center in...

June 3, 2026

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Parth Shukla

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Energy Storage

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Manufacturing
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Pricing Pressure Pushes Flux Power’s Revenue Down 61% YoY in Q3 FY 2026

Lithium-ion storage solutions provider Flux Power has reported revenue of $6.59 million in the third quarter (Q3) of the fiscal year (FY) 2026, down 60.7% year-over-year...

May 8, 2026

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Rakesh Ranjan

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Finance and M&A

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Other
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Recyclekaro Secures Government Incentive for Critical Mineral Recycling

Mumbai-based e-waste and lithium-ion battery recycling company Recyclekaro has secured eligibility for the incentive program to promote critical mineral recycling,...

April 8, 2026

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Meghana Prasad

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Other

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Renewable Energy
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Neuron Energy Sets Up 5 GWh Battery Storage Facility, Expands Beyond EV Segment

Mumbai-based electric vehicle (EV) solutions company Neuron Energy has commissioned a ₹1 billion (~$10.76 million) battery energy storage system manufacturing facility...

April 6, 2026

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Rakesh Ranjan

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Energy Storage

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Finance and M&A
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Lineage Power Bags ₹1.58 Billion Battery Pack Order from Reliance Industries

Lineage Power, a material subsidiary of Pace Digitek, has received an order worth ₹1.58 billion (~$17.39 million) from Reliance Industries for the supply of Lithium-ion...

February 24, 2026

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Meghana Prasad

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Energy Storage

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Market & Policy
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Global Lithium-Ion Battery Market Surpassed $150 Billion in 2025: IEA

The global lithium-ion battery market exceeded $150 billion in 2025, up 20% from 2024, according to an International Energy Agency (IEA) report. The report noted that...

February 20, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Waaree to Set Up 16 GWh Lithium-Ion Battery Gigafactory in Andhra Pradesh

Waaree Energies has announced plans to set up a 16 GWh integrated lithium-ion battery manufacturing plant in Rambili, Anakapalli, Andhra Pradesh, with an investment of...

February 19, 2026

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Melvin Mathew

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Energy Storage

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Press Releases
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Amara Raja Energy to Set Up US Facility with $5 Million Investment

Battery manufacturer Amara Raja Energy and Mobility has announced plans to incorporate a wholly owned subsidiary in the U.S., to be named “ARE&M US Inc.” The entity...

February 12, 2026

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Meghana Prasad

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Energy Storage

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Market & Policy
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Elong Power Holding Closes $7.6 Million Public Offering

Elong Power Holding, a company that provides lithium-ion battery solutions for energy storage systems and electric vehicles, has announced the closing of its $7.6...

February 4, 2026

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Dibin DB

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Storage
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Ddev Plastiks Ventures into BESS Manufacturing with 5 GWh Initial Capacity

Kolkata-based Ddev Plastiks, a manufacturer of specialty compounds, has announced a foray into battery energy storage system (BESS) manufacturing with initial plans to...

January 16, 2026

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B.S. Nagaraj

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Energy Storage

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Market & Policy
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Himadri Steps Up Investment in Australian Battery Firm Sicona

Mumbai-based Himadri Speciality Chemical has announced an additional capital injection of AU$10.49 million (~$7.01 million) in Australia-based Sicona Battery...

January 15, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy

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