Energy Storage

British International Investment (BII) has launched a $300 million platform to accelerate renewable power projects in India, with $150 million each from BII and Danish fund manager Copenhagen Infrastructure Partners (CIP).

Fraunhofer ISE, in collaboration with Irishi energy company ESB, developed a methodology showing that Ireland is a competitive location for renewable power-to-X and green hydrogen production with costs comparable to Morocco, South Africa, and Brazil, supported by strong wind resources, policy backing, and infrastructure potential.

India allocated a total of 10.4 GW of standalone battery energy storage system (BESS) capacity in 2025, with 2-hour, 2-cycle systems accounting for the majority of this allocation. Tariffs fell sharply during the year, with the lowest discovered tariff reaching INR 1.48 lakh/MW/month for 2-hour systems.

Advait Energy Transitions Ltd has signed a memorandum of understanding (MoU) with Norway-based TECO Fuel Cell Technology AS to establish a framework for hydrogen fuel cell manufacturing in India. The agreement was signed at the 3rd India–Nordic Summit in Oslo.

AmpereHour Energy and IndiGrid have commissioned a 180 MW/360 MWh battery energy storage system (BESS) at Gujarat Energy Transmission Corp. (GETCO) substation in Gujarat. With Gujarat Urja Vikas Nigam Ltd (GUVNL) as the off-taker, this project is reportedly the largest standalone utility-scale battery energy storage (BESS) installation in India and amongst the largest BESS capacities in Asia.

NTPC Group has added 5,488 MW of renewable energy capacity during FY26 across solar, wind and pumped storage projects, strengthening its clean energy portfolio.

Enrich Energy has commenced work on a 290 MWh battery energy storage system (BESS) project for NTPC Ltd at Simhadri in the Indian state of Andhra Pradesh. The company will execute the project on an engineering, procurement and construction (EPC) basis.

Pace Digitek has secured a contract worth INR 7,099.19 million (including GST) from NLC India Renewables for the deployment of a 250 MW/500 MWh battery energy storage system (BESS) project in the Indian state of Tamil Nadu.

Waaree Clean Energy Solutions, a wholly owned subsidiary of Waaree Energies Ltd, has secured an order to develop a multi-technology green hydrogen project at the facility of TMEIC Industrial Systems India in Tumkur, Karnataka.

Siemens Energy India Ltd has reported a revenue from operations of INR 2,394 crore for the quarter ended March 2026, marking a 27.4% year-on-year increase from INR 1,880 crore in the corresponding quarter of FY 2025. Profit after tax increased 52.4% YoY to INR 375 crore.