Tags: Energy Storage

BHEL awarded tender for battery energy storage system under TERI consortium project

Bharat Heavy Electricals Limited (BHEL) emerged as best supplier of battery and associated equipment in a tender recently floated by The Energy and Resources Institute (TERI) for installation and maintenance of battery energy storage systems (BESS). BHEL has offered 410 kWh of cumulative battery capacity for a total cost of Rs.2.51 crore, including six years […]

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Declining Renewable Costs Drive Focus on Energy Storage: NREL

An oft-repeated refrain—the sun doesn’t always shine, and the wind doesn’t always blow—is sometimes seen as an impediment to renewable energy. But it’s also an impetus toward discovering the best ways to store that energy until it’s needed. Declining costs in available technologies have propelled interest in energy storage forward like never before. The price […]

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Wärtsilä to provide full energy storage solution for hybrid projects in Mali

Wärtsilä will optimise the energy system of the Fekola Mine, located in a remote region in southwest Mali. This is needed to improve the mine’s operations, reduce fuel consumption, and lessen the carbon emissions. Wärtsilä has been contracted to design and engineer a cutting-edge 17MW/15MWh energy storage system based on the company’s GEMS energy management solution. The […]

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IESA organising 6th ESS MEET conference on Rooftop Solar + Storage on 29th Nov

As per a survey done by India Energy Storage Alliance (IESA) member company Prayas, about 42-47% of households in Uttar Pradesh reported power outages to be repeated and erratic. Kanpur has been facing frequent power cuts that has left the locals and business reeling under the pressure of surmounting diesel costs. In its endeavor to […]

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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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