Energy Storage

Onix Renewable Ltd has signed a Memorandum of Understanding (MoU) with the government of Gujarat for the establishment of a green ammonia production facility in Rajkot district with an investment of INR 10,000 crore. Additionally, it has proposed the implementation of PM-KUSUM Component-C projects at multiple locations across Gujarat

Elcogen, a European developer of solid oxide fuel cells and electrolysers, has announced its expansion into India and the wider Asia-Pacific region with the appointment of Anil Srikar Pavuluri as business development director for the region.

The 500 MW/1 GWh Jiayuguan NingSheng project combines lithium batteries and supercapacitors to support grid stability and renewables integration.

ENGIE has secured a 200 MW solar project paired with a 100 MW/600 MWh battery energy storage system (BESS) in India. The project was awarded through a competitive bidding process conducted by the Solar Energy Corp. of India (SECI).

Larsen & Toubro (L&T) has secured an order from Torrent Energy Storage Solutions for the construction of the 3 GW Saidongar-1 open-loop pumped storage project (PSP) in Raigad, Maharashtra. The PSP will comprise ten units of 300 MW each.

Only around 50% of standalone battery energy storage system (BESS) projects analyzed in India demonstrate positive project economics under modeled assumptions, according to Mercom India Research’s newly released LCOS and Bidding Trends in Indian Energy Storage Projects report. The projects assessed were auctioned between July and November 2025.

Scatec has inked a 25-year power purchase agreement in Egypt for a 1.95 GW solar, 3.9 GWh battery energy storage project, representing the developer’s largest investment to date.

Every additional EV, wind turbine, transmission line, or storage system intensifies pressure on supply chains that are already concentrated and geopolitically sensitive. Competing solely on mining is neither sufficient nor sustainable.

Global solar growth is flattening in major markets as oversupply from China and India drives prices down and shifts competition from sheer volume to execution, policy alignment, and system integration. Across the U.S., Europe, and China, energy storage is becoming essential for project viability, making PV-plus-storage and strong EPC partnerships the new basis for winning projects in 2026 and beyond.

Ola Electric has rolled out Ola Shakti, a residential battery energy storage system (BESS), from its gigafactory in the Krishnagiri district of Tamil Nadu. Powered by Ola Electric’s indigenous 4680 Bharat Cells, Ola Shakti is India’s first residential BESS to be fully designed, engineered, and manufactured domestically.