Energy Storage

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ILJIN Electronics to Raise ₹2.96 Billion from Amber Group Through Rights Issue

Greater Noida-headquartered energy storage solutions provider ILJIN Electronics plans to raise ₹2.96 billion (~$31.79 million) from its parent company, Amber Group,...

March 20, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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SWELECT-FortifyGrid JV to Set Up Solar-Battery Storage Platform in Singapore

Solar module manufacturer SWELECT Energy Systems has announced that its wholly owned subsidiary, SWELECT Energy Systems, Singapore, will enter into a strategic...

March 20, 2026

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Meghana Prasad

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Energy Storage

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Markets & Policy

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Solar
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Maharashtra Aims to Meet 65% of its Power Needs from Renewables by FY 2036

Maharashtra aims to meet 65% of its power needs from renewable energy sources and has set a target for power distribution companies to procure energy storage capacity...

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High Temperatures Emerge as Key Risk for Battery Storage in India

India’s battery energy storage market is entering a new phase of growth, but developers are increasingly facing a constraint that traditional project models have...

March 18, 2026

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Arjun Joshi

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Energy Storage

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Mercom Research Focus
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Bihar Approves ₹3.02/kWh Interim Tariff for Kajra Solar Plus Storage Project

The Bihar Electricity Regulatory Commission (BERC) has approved a provisional tariff of ₹3.02 (~$0.033)/kWh for Bihar State Power Generation Company’s (BSPGCL) 185 MW...

March 17, 2026

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Parth Shukla

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Energy Storage

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Markets & Policy

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Solar
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Andhra Pradesh Regulator Approves 1 GWh Battery Storage Capacity Procurement

The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the battery energy storage sale agreements (BESSAs) and the associated battery energy storage...

March 17, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Rajasthan Finalizes Regulations for Battery Energy Storage Systems

The Rajasthan Electricity Regulatory Commission (RERC) has finalized the Rajasthan Electricity Regulatory Commission [Battery Energy Storage Systems (BESS)] Regulations,...

March 17, 2026

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Parth Shukla

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Energy Storage

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Market & Policy
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Uttar Pradesh Regulator Approves Tariffs for 1 GWh Battery Storage Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved tariffs of ₹6.64 (~$0.07)/kWh and ₹6.65 (~$0.07)/kWh for NTPC Vidyut Vyapar Nigam’s (NVVN)...

March 16, 2026

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Melvin Mathew

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Energy Storage

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Markets & Policy
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Saatvik Enters Energy Storage Market, Aims for 20 GW Capacity in Five Years

Haryana-based solar manufacturer Saatvik Green Energy has entered the energy storage market through its subsidiary, Saatvik Power Storage Solutions. The subsidiary,...

March 13, 2026

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Melvin Mathew

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Energy Storage

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Solar
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ACME Commissions 142.67 MW/481.49 MWh Energy Storage Capacity in Rajasthan

Gurgaon-based independent power producer ACME Solar Holdings has commissioned 142.67 MW/481.49 MWh battery energy storage system (BESS) capacity in Rajasthan through its...

March 13, 2026

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Parth Shukla

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Energy Storage

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Press Releases
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Ashok Leyland Breaks Ground on Battery Pack Facility in Tamil Nadu

Ashok Leyland, the automobile company owned by the Hinduja Group, has broken ground on a greenfield battery pack manufacturing facility in Pillaipakkam, Tamil Nadu, with...

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Global Long-duration Energy Storage System Installations Cross 15 GWh in 2025

Global installations of long-duration energy storage (LDES) systems surpassed 15 GWh in 2025, marking a 49% increase compared with the previous year, according to Wood...

March 12, 2026

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Arjun Joshi

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Energy Storage

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Market & Policy
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Punjab Invites Bids for 500 MW/1,000 MWh Standalone Battery Storage Systems

Punjab State Power Corporation (PSPCL) has invited bids to set up 500 MW/1,000 MWh battery energy storage systems in Mohali and Jalandhar. The last date to submit bids...

March 11, 2026

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Rakesh Ranjan

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Energy Storage

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Tenders & Auctions

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