IFC, a World Bank group member on Wednesday said it has invested $35 million in the 10-year non-convertible debentures of PTC India Financial Services (PFS).PFS will use the funds to boost long-term financing for renewable energy, particularly in wind and solar projects, a company release said here.... Read more
Hawaii has the most expensive utility rates in the nation because most of its electricity is generated using imported crude oil. But as a new law moves the state toward renewable energy sources that could lessen its dependence on fossil fuels, Hawaii may join several other states in rolling out a ... Read more
Imergy Power Systems has installed a 30 kilowatt, 120 kilowatt-hour ESP30 vanadium flow battery at Global Academy of Technology (GAT) College in Bangalore, India. Timothy Hennessy, President & Chief Operating Officer at Imergy Power, generously answered some questions about the project for C... Read more
The International Renewable Energy Agency has published a technology roadmap aimed at accelerating the deployment of electrical storage for renewable energy. ‘Renewables and Electricity Storage’, believed to be the first roadmap of its kind for storage, identifies a number of priority actions w... Read more
Accumotive, a Daimler AG subsidiary, began taking orders for Mercedes-Benz home and commercial energy storage units. Accumotive Daimler AG started taking orders Tuesday in Germany for Mercedes-Benz branded battery packs for domestic and commercial energy storage. Tesla Moto... Read more
(5 new companies including leading Lead Acid battery manufacturers namely EXIDE Industries and AMARA RAJA and advance lead acid manufacturer Firefly joined India Energy Storage Alliance (IESA) along with Plus, a thermal storage company and Prayas (Energy Group), the leader in policy advocacy in the ... Read more
Energy storage roadmap released at ninth IRENA Council meeting A new ground-breaking report from the International Renewable Energy Agency (IRENA) provides clear direction on how to advance storage systems as part of the infrastructure for a sustainable energy future. Renewables and Electricity Sto... Read more
Reflections on the state of energy storage in 2015 from the stage and the ESA trade show floor When GTM covered the Energy Storage Association conference in 2011, investor Vinod Khosla described lithium-ion batteries as "toys that can't be deployed at scale," to the 300 attendees. In 2013 we rep... Read more
Bloomberg television India has reported that the government of India is planning to set up a national clean energy grid . The grid aimed at exclusively handling renewable energy generated across the country will receive an initial investment of Rs3,419.47 from the government. The grid should help t... Read more
Honeywell and Tata Power connect hundreds of buildings to shed load for Delhi’s stressed grid. India is planning some large energy investments over the next five years, including $100 billion for renewable energy, $50 billion in transmission and distribution grids, and $10 billion for a nation... Read more
“The U.S. energy storage market is on pace for a record-breaking year.” According to the latest U.S. Energy Storage Monitor, a quarterly report from GTM Research and the Energy Storage Association (ESA), the United States deployed 5.8 megawatts of energy storage in the first quarter of the ye... Read more
India's ambitious solar energy programme will mean less pollution and widen the spread of electricity into rural areas, but with one problem: power will occasionally run out if there is no sun. And quality of life won't improve for villagers suffering from chronic electricity outages. Now researc... Read more
