Energy Storage

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Corporate Funding for Energy Storage Firms Up 69% YoY to $22 Billion in 9M 2022

Global corporate funding for energy storage, smart grid, and energy efficiency companies in the first nine months (9M) of 2022 increased to $25 billion compared to $15.1...

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Webinar to Shed Light on How Battery Storage Enhance Solar Systems’ Performance

Battery energy storage technologies globally are transforming how companies utilize, control, and dispatch electricity and facilitating a smoother transition to clean...

November 9, 2022

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Arjun Joshi

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Energy Storage

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Market & Policy
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solarZero Trades Energy Grid Stability Services from its VPP in New Zealand’s Exchange

New Zealand’s solar and battery storage solutions provider solarZero said it had traded energy grid stability services from its virtual power plant (VPP) in the...

November 8, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy
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Iron Flow Battery Maker ESS Tech Cuts Loss by 38% YoY

U.S.-based manufacturer of long-duration iron-flow batteries ESS Tech recorded a loss of $31.6 million in Q3 2022, a 38% year-over-year (YoY) improvement compared to a...

November 7, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Tender Issued for Five 10 MW/40MWh Battery Energy Storage Projects in Uttar Pradesh

Uttar Pradesh Power Corporation (UPPCL) has issued Requests for Selection (RfS) to set up five standalone Battery Energy Storage Systems (BESS) of 10 MW/40 MWh each in...

October 27, 2022

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Arjun Joshi

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Energy Storage

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Tenders & Auctions
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Enphase Energy’s Revenue Jumps 81% to $635 Million in Q3 2022 on Strong Demand

Microinverter-based solar-plus-storage systems company Enphase Energy recorded revenue of $634.7 million in the third quarter (Q3) of 2022, a year-over-year (YoY)...

October 26, 2022

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Tesla Records $21.5 Billion in Revenue and 2.1 GWh Energy Storage Deployments in Q3 2022

Tesla recorded total revenues of $21.5 billion in the third quarter (Q3) of 2022, a 57% year-over-year increase compared to $13.7 billion in Q3 2021 and a...

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Chennai’s C&I Sector Looks to Adopt Solar to Meet Energy Demand as ROIs Improve

Mercom India’s recently concluded C&I Clean Energy Meet 2022 in Chennai addressed commercial and industrial (C&I) consumers’ concerns on the viability of solar...

October 19, 2022

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Satish Shetty

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C&I

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Solar
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Global Energy Storage Market to Grow 15-fold from 27 GW to 411 GW by 2030: BNEF

Energy storage installations worldwide are projected to reach a cumulative of 411 GW by the end of the decade, according to BloombergNEF (BNEF). In its 2H 2022 Energy...

October 17, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Swiss Researchers Announce Record Efficiency of 22.2% for Flexible CIGS Solar Cells

Researchers at the Swiss Federal Laboratory for Material Science and Technology have claimed to have achieved an efficiency of 22.2% for CIGS (composite of copper,...

October 14, 2022

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Gautamee Hazarika

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Solar

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Technology
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Energy Storage Firm ONE to Invest $1.6 Billion for a EV Battery Gigafactory in Michigan

Our Next Energy (ONE), a Michigan-based energy storage technology company, announced a $1.6 billion investment in a new battery cell manufacturing plant called ONE...

October 7, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Machine Learning Algorithm Developed to Study EV Battery Charging Time, Performance

Researchers from the University of Cambridge in the United Kingdom claimed to have developed a machine learning (ML) algorithm that can help reduce the charging times of...

October 4, 2022

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Gourav Mishra

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Energy Storage

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Technology
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Umicore and Volkswagen’s PowerCo in €3 Billion Deal for Battery Materials Production

Umicore, a Belgium-based circular materials technology company, and Volkswagen Group’s battery unit PowerCo have announced a joint venture with a plan to invest about €3...

October 3, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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A 10 kWh Battery Storage System Can Fully Meet Backup Needs of Three-Day Outage in the US

If heating and cooling loads are excluded from backup, small behind-the-meter Solar Photovoltaic plus Energy Storage Systems (PVESS) with just 10 kWh of storage can...

September 30, 2022

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Arjun Joshi

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Energy Storage

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Technology
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Flux Power’s Revenue Up by 61% YoY to $42.3 Million in FY 2022 as Sales Volumes Surge

Flux Power Holdings, a U.S.-based lithium-ion storage solutions provider, recorded a 61% year-over-year (YoY) growth in revenue on the back of shipments of $42.3 million...

September 27, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy

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