Operational faults cut returns in 19% of battery storage projects
A recent report from battery intelligence firm Accure reveals that while most battery energy storage systems operate reliably, nearly 19% of projects experience reduced returns due to technical issues and unplanned downtime.
India reaches 490 MWh installed energy storage capacity by June 2025, says Mercom
Mercom India Research expects India’s cumulative energy storage installations to reach 33 GWh by 2028.
Juniper Green signs PPA with TATA Power for 70 MW FDRE power project
Juniper Green Energy Ltd has secured a 25-year power purchase agreement with TATA Power Co. Ltd for a 70 MW firm and dispatchable renewable energy (FDRE) power project. To supply the contracted power, it will deploy 180 MWp of renewable energy (solar and wind) capacity backed with around 280 MWh of battery storage.
Loom Solar announces strategic expansion into utility-scale solar plus battery storage projects
Loom Solar has unveiled its strategy to expand into the deployment of large-scale solar power plants, supported by battery energy storage systems (BESS) to ensure grid stability.
ACME Solar Holdings upgraded to CRISIL AA-/Stable rating
CRISIL Ratings has upgraded its rating on ACME Solar’s non-fund-based long-term bank facilities of INR 1,000 crore to ‘AA-/Stable’ from ‘A+/Positive’.
The Hydrogen Stream: KP Group signs MoU with Korea’s Jeonbuk province, AHES, and GH2 Solar
KP Group has signed a Memorandum of Understanding (MoU) with South Korea’s Jeonbuk State, South Korea’s AHES Co., Ltd., and GH2 Solar to collaborate on the large-scale deployment of electrolysis-based green hydrogen solutions.
Waaree to scale up lithium battery fab to 20 GWh, electrolyzer capacity to 1 GW
Waaree Energies Ltd will scale up manufacturing capacity for lithium batteries from 3.5 GWh to 20 GWh and for electrolysers from 300 MW to 1,000 MW. It also plans inverter production capacity of 4 GW.
Tata Power Renewable signs 80 MW FDRE PPA with Tata Power Mumbai Distribution
Tata Power Renewable Energy Ltd (TPREL) will develop a project combining solar, wind and battery storage components to ensure 80 MW firm and dispatchable renewable power supply during peak demand hours.
SECI launches 1.2 GW renewables-plus-storage tender
The Solar Energy Corp. of India (SECI) has issued a tender inviting bids for the development of 1.2 GW of renewable energy (RE) projects coupled with energy storage systems (ESS) to ensure an assured peak power supply of 4.8 GWh (1,200 MW x 4 hours) daily. The projects will be developed on a build-own-operate (BOO) basis.
US grid-scale storage leaps 63%, residential 132%
A report from the American Clean Power Association (ACP) and Wood Mackenzie indicates the utility-scale energy storage sector added 4.9 GW in the April-to-June quarter, representing 63% year-on-year growth, while residential storage increased by 608 MW.
