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energy storage

Battery Storage, Smart Grid, Efficiency Firms raise USD 1 Billion in H1

USD 1.03 billion was raised by battery storage, smart grid, and energy efficiency companies compared to USD 807 million in the comparable period last year. Battery storage, smart grid, and energy efficiency companies received venture capital funding worth over USD 1 billion globally in the first half of this year, says a Mercom Capital Group […]

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SolarReserve Receives Environmental Approval for 390 MW Solar Thermal Facility with Storage in Chile

Likana Solar Energy Project in the Antofagasta region will provide reliable, non-intermittent electricity from solar energy 24-hours a day. SolarReserve, the industry leader in baseload solar power solutions and advanced solar thermal technology with energy storage, has received an environmental approval from the Chilean government to build a 390 megawatt solar thermal power station with […]

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TNERC Award Blow to Adani Green Energy over Backdowns

TNERC has directed Adani Green Energy to resubmit the petition as a ‘Dispute Resolution Petition’ (DRP) rather than under the ‘Miscellaneous’ category. The latest award of the Tamil Nadu Electricity Regulatory Commission (TNERC) is a setback for Adani Green Energy in its running battle with Tamil Nadu’s distribution and transmission companies over the problem of […]

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Envision Energy Launches Energy IoT and Smart City Technology Alliance

Envision with its world-leading EnOS IoT platform, aims to unify the distributed and fragmented renewable energy space with innovations that marry digital and energy disciplines. Envision Energy, a leading global smart energy solution provider, announced today an open-platform alliance that connects energy pioneers and technology innovators to help accelerate the clean energy transition through digitalization. […]

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Morocco Secures USD 25 Million Loan for Solar Energy Projects

The project’s innovative hybrid solar design is also built on a unique Public-Private Partnership between the Moroccan Agency for Sustainable Energy (MASEN) and private sector sponsors – with a Build, Own, Operate and Transfer project structure and implementation approach Morocco has received USD 25 million loan from the Climate Investment Funds’ Clean Technology Fund, for […]

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Renewable Energy Will Be Reaching 49 percent in India by 2040: BNEF

“Wind and solar energy account for 48 percent of installed capacity and 34 percent of electricity generation world-wide by 2040. This is compared with just 12 percent and 5 percent today. Installed solar capacity increases 14-fold and wind capacity fourfold by 2040. We anticipate renewable energy reaching 74 percent penetration in Germany, 38 percent in […]

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Renewables Will Become Dominant Energy Source by 2050: Oliver Wyman

“Governments need to champion and commit to COP21 targets and organisations need to be bold and agile in order to achieve an energy system built mainly on renewables by 2050.” Oliver Wyman in its latest report notes that a global energy system based mainly on renewables can be achieved by 2050, but governments need to […]

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