Friday, March 20, 2026
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UPEX 2026

EnergyLIB Launches HomeStack Battery And Inverter In Australia Through Partner Autra Batteries Australia

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EnergyLIB has launched its home energy solutions, the HomeStack and Inverter, in Australia, designed for residential use. These products facilitate solar energy generation and storage, tailored for diverse household needs. With a clean design, modular architecture, and safety features, they offer an effective response to rising energy costs, starting at $4,999 until April 2026.

AMERICAS

Maura Healey Signs Executive Order 654 Setting 10 GW Clean Energy Target As The Solar Energy Industries Association® (SEIA) Voices Strong Support

Governor Maura Healey's Executive Order 654 sets a clean energy target for Massachusetts of 10 gigawatts by 2035, including 4 GW of solar power and 5 GW of energy storage. This initiative aims to meet rising energy demands, reduce costs, and enhance grid reliability, with potential consumer savings of over $313 million by 2030.

Arevon Secures $920 Million Package, Including Major Debt And Preferred Equity, To Advance The Nighthawk Battery Storage Facility

Arevon Energy, Inc. closed a $920 million financing package for its Nighthawk Energy Storage Project in Poway, California. The project has a capacity of 300 MW and 1,200 MWh. Key components include a $482 million debt facility and a $169 million preferred equity investment. The facility aims to enhance grid reliability and generate significant economic benefits upon completion.

Iberdrola Hits Major Milestone With 11,000 MW Of Power Capacity In The United States, Now Able To Supply Over Seven Million People

Iberdrola's U.S. subsidiary Avangrid has achieved 11,000 MW of installed power capacity, surpassing the generation capacity of nine EU nations and supplying power to over seven million people annually. The company plans to invest €16 billion in the U.S. by 2028, focusing on renewable energy and strengthening local economies.

Ameren Missouri Urges Residents Across Missouri To Apply For Energy Assistance Programs As Seasonal Temperatures Shift

Ameren Missouri encourages eligible customers to utilize energy assistance programs amid fluctuating temperatures and rising costs. Key initiatives include the Dollar More program, offering up to $600 for qualifying households, and various flexible payment options. The company also emphasizes energy efficiency and urges proactive engagement with local agencies for optimal support.
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INDIA AND SOUTH ASIA

PFC Approves ₹1.6 Lakh Crore Borrowing Plan, Declares ₹3.25 Interim Dividend For FY26

Power Finance Corporation Ltd. (PFC) announced a significant borrowing plan of up to ₹1,60,000 crore for 2026-27, including funds from both domestic and international markets. The company declared a dividend of ₹3.25 per share for 2025-26. New regulatory guidelines mandate electronic dividend payments, requiring shareholders to update their bank details.

National Green Hydrogen Mission Drives India Toward $2/kg Target

India is making significant progress towards producing green hydrogen at $2 per kilogram, a crucial target for global competitiveness. Recent developments include a tender revealing prices around ₹279 per kg. Factors such as declining renewable energy costs and government support are driving this momentum, with a goal to produce 5 million metric tonnes by 2030.

Sunsure Energy Signs Solar PPA With JAKSON Engineering Limited To Power Noida Operations

Sunsure Energy has secured a long-term power purchase agreement with JAKSON Engineering Limited to provide solar power for its operations in Uttar Pradesh. This contract aims to replace significant conventional electricity use with solar energy, helping reduce emissions by 5.2 million kilograms annually and supporting India's renewable energy goals.

102 GWh Tender Boom Powers India’s Energy Storage Growth to 346 GWh by 2033

India's energy storage sector is poised for rapid growth, essential for supporting its solar capacity expansion. At the SESI 2026 conference, experts highlighted the vital role of Battery Energy Storage Systems (BESS) and pumped hydro in achieving reliable renewable power. With rising project activity and supportive policies, storage technologies are key to India’s clean energy targets.

EUROPE

Iberdrola Highlights Strong Ties With The UK Government As Rachel Reeves Visits Its Madrid Offices

UK Chancellor Rachel Reeves met Iberdrola's Executive Chairman Ignacio Galán in Madrid, highlighting their strong partnership. Iberdrola plans to invest €20 billion in the UK by 2028, focusing on expanding electrical networks essential for the economy and energy security. A new tariff framework will significantly boost investment in transmission networks.

Iberdrola Again Earns a Spot In Ethisphere’s 2026 Ranking, Remaining The Only Spanish Energy Firm And One Of Five Global Leaders In The Energy...

Iberdrola has been named one of the world's most ethical companies for the thirteenth consecutive year by the Ethisphere Institute in its 2026 ranking. The company, alongside its U.S. subsidiary Avangrid, demonstrates strong leadership in corporate ethics and compliance, benefiting from rigorous evaluations of governance and sustainability practices.

Ignacio Galán Attends Ceremony Honouring Sergio Mattarella With An Honorary Doctorate From University Of Salamanca

Ignacio Galán attended a ceremony where Italian President Sergio Mattarella received an honorary doctorate from the University of Salamanca, presided over by King Felipe VI. Galán emphasized the honor's significance, recognizing Mattarella’s contributions to politics and commitment to humanism, culture, and European values vital for democracy and the European project.

AFRICA

KETRACO Launches GREEN Phase 2 To Strengthen Grid Stability With STATCOM Installations

The Kenya Electricity Transmission Company (KETRACO) has initiated a project under the Kenya GREEN Program Phase 2, funded by the World Bank, to enhance the power grid's stability. It includes advanced stabilization technologies and aims to reduce reliance on fossil fuels while inviting experienced consultants for project management to ensure timely execution.

KETRACO Launches Kimuka 400 kV Substation Project To Strengthen Nairobi Power Grid

The Kenya Electricity Transmission Company is initiating the Kimuka 400kV Substation Phase II project to enhance the national grid and electricity reliability in Nairobi. This World Bank-supported initiative aims to alleviate transmission challenges by constructing a new substation, improving power flow management, and bolstering overall grid stability, while promoting clean energy.

AIIM Advances $50 Million ATAF Fund To Boost Clean Energy And Infrastructure Across Africa

African Infrastructure Investment Managers is launching the African Clean Energy & Infrastructure Fund II, aiming for a $50 million initial close to support climate-resilient development across Africa. The fund targets renewable energy, digital infrastructure, and mobility to tackle funding challenges, enhance energy access, and meet long-term economic and environmental goals.

Nigeria’s DARES Project To Deliver Clean Power To 17.5 Million People With World Bank Support

A new initiative, the Distributed Access through Renewable Energy Scale-up (DARES) project, aims to provide clean electricity to 17.5 million Nigerians, backed by a $750 million World Bank credit. The project promotes distributed energy systems, enhancing local economies and social inclusion while reducing reliance on diesel generators and supporting economic growth.

THE MIDDLE EAST

Sumitomo Mitsui Banking Corporation Plans $1 Billion Loan To Support Saudi Arabia’s Renewable Energy Transition

Sumitomo Mitsui Banking Corporation (SMBC) plans to provide a $1 billion loan to support Saudi Arabia’s transition to renewable energy, aligned with Saudi Vision 2030. This funding aims to enhance the country's renewable energy capabilities, facilitate infrastructure development, and strengthen Japan-Saudi energy cooperation while promoting economic growth and sustainability.

ADNEC Partners With EWEC To Power Al Ain Venue With Clean Solar Energy

The ADNEC Group is partnering with the Emirates Water and Electricity Company to transition its Al Ain venue to renewable energy, specifically solar power. This initiative supports the UAE's environmental ambitions, reduces carbon emissions, and enhances operational efficiency while positioning Al Ain as a competitive destination for sustainable events.

ADNEC Centre Al Ain Goes 100% Renewable in Partnership with EWEC, Advancing Net Zero Carbon Events by 2045

ADNEC Group has partnered with Emirates Water and Electricity Company to power the ADNEC Centre Al Ain entirely with renewable energy, achieving zero carbon emissions for its 500 annual events. This initiative reinforces ADNEC's leadership in sustainable event management and supports the UAE’s clean energy transition, aiming for net zero emissions by 2045.

Oman Strengthens Power Grid With New PPAs To Meet Rising Energy Demand

Oman has signed new Power Purchase Agreements (PPAs) with major energy companies to bolster its electricity generation capacity amidst rising demand. This initiative, part of a long-term energy strategy, aims to attract foreign investment, support key industries, and prioritize environmental sustainability, ensuring a reliable energy supply for future economic growth.

SOUTH EAST ASIA

Sumitomo Mitsui Banking Corporation Plans $1 Billion Loan To Support Saudi Arabia’s Renewable Energy Transition

Sumitomo Mitsui Banking Corporation (SMBC) plans to provide a $1 billion loan to support Saudi Arabia’s transition to renewable energy, aligned with Saudi Vision 2030. This funding aims to enhance the country's renewable energy capabilities, facilitate infrastructure development, and strengthen Japan-Saudi energy cooperation while promoting economic growth and sustainability.

Indonesia And Singapore Advance BBK Green Industrial Zone For Sustainable Growth

Indonesia and Singapore are nearing an agreement to develop the Bintan-Batam-Karimun Green Industrial Zone, promoting sustainable growth in Southeast Asia. The project focuses on eco-friendly practices, renewable energy, and improved waste management, aiming to attract global companies. It will boost local employment and infrastructure, balancing economic development with environmental protection.

Pylontech Expands Southeast Asia Footprint With 150 MWh Energy Storage Deal In Vietnam

Pylon Technologies has signed a strategic cooperation agreement in Vietnam to supply 150 MWh of energy storage systems, enhancing its expansion into Southeast Asia. This initiative addresses the country's growing clean energy needs and supports grid stability amidst increased renewable energy deployment, highlighting opportunities for future developments in the region.

Thailand Launches UGT2 Program To Boost Corporate Access To Renewable Energy

Thailand has launched the second phase of its Utility Green Tariff program (UGT2) to promote clean energy adoption for large industrial consumers. This initiative focuses on new renewable projects, offering stable green electricity and Renewable Energy Certificates for transparency. UGT2 supports businesses' sustainability goals while positioning Thailand as a competitive manufacturing hub.

FROM ACROSS THE GLOBE

Thailand Launches UGT2 Program To Boost Corporate Access To Renewable Energy

Thailand has launched the second phase of its Utility Green Tariff program (UGT2) to promote clean energy adoption for large industrial consumers. This initiative focuses on new renewable projects, offering stable green electricity and Renewable Energy Certificates for transparency. UGT2 supports businesses' sustainability goals while positioning Thailand as a competitive manufacturing hub.

Sunsure Energy Signs Solar PPA With JAKSON Engineering Limited To Power Noida Operations

Sunsure Energy has secured a long-term power purchase agreement with JAKSON Engineering Limited to provide solar power for its operations in Uttar Pradesh. This contract aims to replace significant conventional electricity use with solar energy, helping reduce emissions by 5.2 million kilograms annually and supporting India's renewable energy goals.

KETRACO Launches GREEN Phase 2 To Strengthen Grid Stability With STATCOM Installations

The Kenya Electricity Transmission Company (KETRACO) has initiated a project under the Kenya GREEN Program Phase 2, funded by the World Bank, to enhance the power grid's stability. It includes advanced stabilization technologies and aims to reduce reliance on fossil fuels while inviting experienced consultants for project management to ensure timely execution.

Arevon Secures $920 Million Package, Including Major Debt And Preferred Equity, To Advance The Nighthawk Battery Storage Facility

Arevon Energy, Inc. closed a $920 million financing package for its Nighthawk Energy Storage Project in Poway, California. The project has a capacity of 300 MW and 1,200 MWh. Key components include a $482 million debt facility and a $169 million preferred equity investment. The facility aims to enhance grid reliability and generate significant economic benefits upon completion.

INSIGHTS

Vietnam Eyes $600 Million Savings By Expanding Solar Power To Cut Fossil Fuel Imports

Vietnam is prioritizing solar energy to reduce reliance on costly fossil fuel imports, potentially saving $600 million. With abundant sunlight, the country aims to enhance energy security and attract sustainable investment amidst fluctuating global prices. However, challenges include upgrading the power grid and enhancing energy storage to ensure consistent power supply.

How Fusion, Green Hydrogen, and Solar Innovations Are Shaping Energy Markets

The global energy transition is entering a new phase, driven by rapid innovation across multiple clean energy technologies. According to IDTechEx, advancements in nuclear...

Oman Strengthens Power Grid With New PPAs To Meet Rising Energy Demand

Oman has signed new Power Purchase Agreements (PPAs) with major energy companies to bolster its electricity generation capacity amidst rising demand. This initiative, part of a long-term energy strategy, aims to attract foreign investment, support key industries, and prioritize environmental sustainability, ensuring a reliable energy supply for future economic growth.

South Africa Faces 2028 Gas Crisis As Industries Seek Urgent Energy Alternatives

South Africa faces a significant energy crisis as its industrial gas supply is projected to deplete by 2028, risking economic repercussions such as job losses and GDP decline. While LNG importation is proposed, it poses challenges due to high costs. Experts suggest Liquefied Petroleum Gas (LPG) as a more viable, immediate solution for industries.

IN CONVERSATION

Rahul Kale of Sunpower Renewables on the Future of Hybrid Solar and Energy Storage

As the shift to cleaner energy intensifies, hybrid solar and energy storage technologies are essential for reliable power supply. Sunpower Renewables, led by Rahul Kale, focuses on innovative, customer-centric solutions. The company advocates for policies that support energy storage deployment while balancing domestic and international growth, emphasising efficiency and long-term value in the Indian market.

Beyond Inverters: Deye’s Integrated Solar, Storage & EV Vision for India’s Energy Future – Bharat Singh, Director – Sales Marketing (India & North Africa)

How do Deye’s newly launched on-grid inverters up to 136 kW support the growing C&I solar market in India? Deye’s revolutionised C&I solution was launched...

“Small Components Can Make a Big Impact”: Matthias Mack on Stäubli’s India Strategy

As India accelerates toward its ambitious 2030 renewable energy targets, strengthening domestic manufacturing has become a key pillar of the country’s clean energy strategy....

Hoymiles’ 360 MW Deal Redefines Microinverter Adoption in India – Vikrant Sarang, Regional Sales Manager, West & Central India

What does India’s biggest 360 MW microinverter deal with Kosol Energie indicate about the growing acceptance of microinverters in India? This milestone reflects not just...

Redefining Solar Asset Management with AI-Driven Intelligence – Ashok DM, Founder CEO & MD, EnerMAN Technologies

EnerMAN is known for its smart IoT and AI-based solar monitoring solutions. Can you tell us how your products are changing the way solar...

Scaling Clean Energy in the Middle East: Sungrow’s Strategy, Storage Leadership, and Regional Growth

As renewable energy deployment accelerates across the Middle East, Sungrow continues to strengthen its regional footprint through large-scale solar and energy storage projects. In...

UPCOMING EVENTS

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Technology

New 2D Materials Enable High-Efficiency Solar on Any Surface

Researchers at the Polytechnic University of Madrid are pioneering ultra-thin, two-dimensional solar cell materials through a novel technique called “hot-pick-up.” These lightweight, flexible cells enhance energy efficiency and can be integrated into urban environments. Simulations indicate they could meet 30% of a skyscraper's energy needs, revolutionising urban energy solutions.

Explained – How Solar Batteries Ensure Reliable And Continuous Power For Your Home

Solar batteries enhance the reliability of solar energy for homes by storing excess electricity generated during the day. They provide backup power during outages, promote energy independence, and optimize energy management through smart technology. Despite initial costs, their efficiency and environmental benefits make them an increasingly practical solution for sustainable energy.

Solar Tech Weekly: Sodium-Ion Battery Breakthrough; Hopewind Achieves Philippines Grid Compliance and More…

Recent innovations in energy storage technologies include a sodium-ion battery with improved capacity and the ability to desalinate seawater, promising a sustainable alternative to lithium-ion. Additionally, companies like GoodWe and Hopewind are enhancing energy management in regions like MENA and the Philippines, while smart plasma systems advance clean hydrogen production.

Breakthrough Sodium-Ion Battery Doubles Energy Capacity and Enables Seawater Desalination

Researchers at the University of Surrey have developed a sodium-ion battery that significantly enhances energy storage and introduces desalination. Using nanostructured sodium vanadate hydrate, the battery retains water to double capacity, charge faster, and withstand over 400 cycles, while also operating in seawater to purify water. This advancement offers potential for integrated energy-water solutions.

Smart Plasma Systems: The Next Frontier for Clean Hydrogen and Advanced Carbon Materials

A new Indo–Singapore project is advancing clean hydrogen technologies through plasma-based methane conversion. Led by APChemi and Commsens, it aims to develop an AI-integrated microwave plasma system that produces hydrogen and high-value carbon materials without carbon emissions. The project could enable low-emission hydrogen production and innovative carbon applications.

AUSTRALIA

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Strengthening the Foundations of Utility-Scale Solar – Sachin Aggarwal – Managing Director Purshotam Profiles

How did Purshotam scale operations and expand its footprint across India this year? This year, Purshotam Profiles focused on strategic expansion by strengthening its manufacturing...

Breakthrough Sodium-Ion Battery Doubles Energy Capacity and Enables Seawater Desalination

Researchers at the University of Surrey have developed a sodium-ion battery that significantly enhances energy storage and introduces desalination. Using nanostructured sodium vanadate hydrate, the battery retains water to double capacity, charge faster, and withstand over 400 cycles, while also operating in seawater to purify water. This advancement offers potential for integrated energy-water solutions.

Explained – Solar Battery Myths vs Reality: What Consumers Need To Know About Energy Storage

Solar batteries are crucial for modern renewable energy systems, yet myths hinder widespread adoption. Many mistakenly believe they work only in sunlight or are too costly. In actuality, they store excess energy for later use, have become more affordable, and require minimal maintenance. Understanding these facts can enhance the appeal of solar energy storage.