Tags: Energy Storage

Budget 2019-2020 brought clear focus on growing field of energy storage and EVs: IESA

India Energy Storage Alliance (IESA) congratulates Nirmala Sitharaman, Minister of Finance on presenting budget 2019-2020 on 5th July 2019 and is excited with the clear focus that Indian “Government has brought to the growing field of energy storage and EVs through range of incentives in the budget 2019-20. These incentives can help us achieve the goal of […]

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All you need to know about MNRE’s Preliminary Project Proposals for Gravity Storage

The Ministry of New and Renewable Energy (MNRE) has been supporting a research programme on different aspects of renewable energy and energy storage. With increasing share of renewables, there would be requirement of Energy Storage for absorbing fluctuations and for grid balancing. For different application segments, the demands from the storage system would vary. Gravity […]

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Panasonic India aims Rs 700 cr revenue from energy biz by 2021

Diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around Rs 700 crore in revenue by 2021 from this vertical, said a top company official. The company has divided its energy space business into two segments — energy storage and mobility solutions, Panasonic President and CEO Manish Sharma […]

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SolarEdge Unveils New Smart StorEdge Solutions at Intersolar

SolarEdge has announced that it will be expanding its StorEdge solution with the launch of new inverters optimized for the combined management of solar, storage, and home energy. The company will also preview its own commercial and residential batteries to complement its smart solar energy portfolio. The StorEdge expansion will include three new additions to […]

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Residential energy storage market to reach USD 17.5 billion by 2024: Research

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period says a report. This growth can be attributed to factors such as declining cost of batteries, regulatory support and financial incentives, and the […]

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Residential Energy Storage Market to reach USD 17.5 billion by 2024: MarketsandMarkets

According to the new market research report published by MarketsandMarkets, the global Residential Energy Storage Market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. This growth can be attributed to the declining cost of lithium-ion batteries and […]

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Tesla develops its largest power storage system in Asia

In a bid to reduce energy demand and provide emergency backup power to trains in Japan, Tesla has claimed to develop its largest power storage system in Asia. According to Tesla, it has installed a bank of 42 Powerpacks at a train station in Japan’s Osaka that can provide sufficient backup power to safely move […]

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ISGF gears up for India Smart Utility Week 2019, scheduled from 12 -16 March 2019 in Delhi

Government of India recently announced the completion of 100 percent village electrification. This massive accomplishment of bringing electricity to 5,97,464 villages along with introduction of Saubhagya Scheme to provide free electricity connections to about 40 million homes and smart grid projects in urban areas, government of India is making all efforts to provide 24 X […]

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Oil Companies should become Energy Companies: Amitabh Kant

Implementation of National Energy Storage Mission has become India’s priority to secure the leadership slot in RE and Energy Storage on global platform. In its endeavour to drive India’s ambitious National Energy Storage Mission, Energy Storage India (ESI) on Friday began with power packed sessions from International thinkers, industry experts, eminent industrialists and top most […]

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Dr. Rahul Walawalkar, ED of IESA appointed as the Chair of Global Energy Storage Alliance

The Global Energy Storage Alliance (GESA) has appointed Dr. Rahul Walawalkar, Executive Director of India Energy Storage Alliance (IESA), as its new Chair. The appointment was announced at the GESA board meeting held this month during Energy Storage North America in Pasadena, California, USA. Dr. Walawalkar replaces Janice Lin of the California Energy Storage Alliance […]

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