energy storage

Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023

Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […]

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Onyx Renewables, Qcells Ink Deal For RE Projects in Massachusetts

US-based clean energy and decarbonization solutions provider Onyx Renewable Partners and clean energy solutions firm Qcells North America have announced plans to develop two community solar and battery projects in Massachusetts, United States. According to Onyx, the projects developed by Onyx have a total of 6.2 megawatts (MW) – 3.3 MW provided by Qcells – […]

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Fluence Energy Reports Record $1.1 Billion Quarterly Order Intake

Energy provider and storage products company Fluence Energy, which also deals with services as well as digital applications for renewables and storage, announced its results for the three months ending December 31, 2023. The firm recorded a quarterly revenue of approximately $364.0 million, which represents an increase of 17% from the same quarter last year. […]

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BrightNight Rings In Leadership Changes For 37 GW Project Portfolio

BrightNight, a global renewable power independent power producer (IPP) built to deliver clean and dispatchable solutions, recently announced the addition of two senior leaders to support the buildout of its 37 GW global portfolio in the areas of Asset Management (A&M), Operations & Maintenance (O&M) and Construction: Jeff Gibbons joins as Senior Vice President of […]

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MAHAPREIT, Hero Future Energies Collaborate To Develop RE Project

Hero Future Energies a two-wheeler manufacturing company and Maharashtra Public Sector Undertaking (PSU) MAHAPREIT have announced their collaboration for development of a renewable energy project on social media platform X. The company said, “We are excited to share that Hero Future Energies has signed a MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd […]

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5 Ways Lower Storage Costs Will Affect Solar Deployment

Ever since 2015, when solar started being added at scale every year, all stakeholders have known the biggest challenge it will ultimately face. Intermittency. Or more simply, what to do when the sun goes down. That is why cheap and efficient storage has been considered almost like the golden key that will unlock solar possibilities […]

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14 Trends That Drove Change In RE Within 2023: IEA Analysis

The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […]

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Green Energy, EVs To Drive India’s GDP Growth, Estimates EY Report

Ernest and Young (EY), in its latest report, said that the green energy industries and electric vehicles could prove to be triggering factors, driving India’s total GDP growth by 2047-48. The report states that this can also pave the way for India’s transition to a developed economy with a rise in the per capita income.  The […]

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India Awards More Than 8GW Of Energy Storage Tenders: IEEFA Report

Indian policymakers have recognised the importance of energy storage systems (ESS) to the country’s evolving power landscape and have already awarded more than 8 gigawatts (GW) of such tenders, allocating 60% of these in 2023 alone, according to a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research […]

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