Energy Vault added US$191 million to existing cash reserves when it listed on the New York Stock Exchange.

Study conducted by the Massachusetts Institute of Technology Energy Initiative has found energy storage can be a key enabler for the clean energy transition.  

Italy-headquartered solar inverter manufacturer FIMER supplied 1MVA inverters to a solar-plus-storage project with a 18MWh battery energy storage system (BESS) in Gujarat, India.

NTPC has launched a battery storage tender, just a few days after the Solar Energy Corporation of India began a similar solicitation process.

NTPC, a state-owned power producer and utility company in India, has signed a Memorandum of Understanding with Energy Vault.

Powin Energy is the latest international company to target rising opportunities in India.

Japanese conglomerate Mitsui & Co. has invested in a 1,300MW wind-plus-solar-plus-storage project development in India.

JSW Energy, part of Indian conglomerate JSW Group, has inked a memorandum of understanding with the Chhattisgarh government to build a 1GW pumped hydro storage project.

Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS.