14 Trends That Drove Change In RE Within 2023: IEA Analysis Updated On Fri, Jan 12th, 2024 by Saurenergy The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […] Read more
NIIF’s India-Japan Fund To Invest Rs. 400 Crore In Mahindra Last Mile Mobility Updated On Fri, Jan 12th, 2024 by Saurenergy Indian automotive company Mahindra & Mahindra Ltd. (M&M) and India-Japan Fund (IJF), a fund managed by National Investment and Infrastructure Fund Limited (NIIF) have executed a binding agreement for IJF to invest Rs. 400 Crore in Mahindra Last Mile Mobility Limited (MLMML). It claimed to house M&M’s last-mile mobility business including three wheelers (Alfa, Treo, […] Read more
Germany’s EV Adoption Increases By 11% In 2023: FMTA Report Updated On Fri, Jan 12th, 2024 by Saurenergy A recent report by the Federal Motor Transport Authority (FMTA), a government agency in Germany released new data on the electric vehicles registered in December 2023. The latest report talks about the increased penetration of electric vehicles in the European country. The report said, “2,41,883 passenger cars were newly registered in the last month of […] Read more
First Solar Inaugurates 3.3 GW Solar Manufacturing Facility In Tamil Nadu Updated On Fri, Jan 12th, 2024 by Saurenergy American solar module manufacturer First Solar inaugurated its new solar manufacturing facility in Tamil Nadu. The global cleantech company claimed it to be the country’s first fully vertically integrated solar manufacturing plant. The Minister for Industries, Promotions and Commerce of the Government of Tamil Nadu, T R B Rajaa inaugurated the facility in a ceremony attended by […] Read more
Kia, Uber To Offer Ride Hailing PBVs Services On Uber Platform Updated On Thu, Jan 11th, 2024 by Saurenergy Kia Corporation and Uber have signed a Memorandum of Understanding (MoU) at Consumer Electronics Show (CES) in Las Vegas, committing the two companies to collaborate on Kia’s planned development and deployment of Platform Beyond Vehicle’ strategy (PBVs). The Memorandum of Understanding (MoU) formalizes collaboration between Kia and Uber, as Kia plans to develop and offer […] Read more
India – Japan Collaborate To Establish EV Manufacturing Capacity In Karnataka Updated On Thu, Jan 11th, 2024 by Saurenergy Cabinet Minister of Large & Medium Industries and Infrastructure Development, Government of Karnataka MB Patel recently, in his social media post on X, announced collaboration between Karnataka and Japan to manufacture Electric Vehicles (electric vehicles (EVs) in the state. In a recent announcement on social media platform X, he shared details of the upcoming collaboration. […] Read more
EVIFY Raises $1.3 Million From Piper Serica Angel Fund Updated On Thu, Jan 11th, 2024 by Saurenergy EVIFY, a Surat-based Electric Vehicle (EV) logistics startup, has announced that it raised $1.3 million in funding in a ‘Pre-Series A’ round led by venture capital firms GVFL and Piper Serica Angel Fund. Existing investors, ‘We Founder Circle’ and ‘IVY Growth’, along with a few angel investors, also participated in the round. The startup, EVIFY […] Read more
E-Fuel Hybridization With Solar Can Improve Energy Production: IEA Updated On Wed, Jan 10th, 2024 by Saurenergy A latest report by the International Energy Agency (IEA) on, “Role of E-Fuel in Decarbonizing Transport”, studied the role of hybridization of E-Fuel with wind and solar as a solution in reducing carbon dioxide (CO₂) emission. The report stated, “E-Fuel have emerged as an alternative in situations where, the usage wind and solar resources is […] Read more
BYD Set To Build New 30 GWH Sodium-Ion Battery Facility In China Updated On Wed, Jan 10th, 2024 by Saurenergy Chinese automotive company BYD has announced building a new sodium-ion battery facility in Xuzhou. With an investment of nearly USD 1.4 billion, the new facility is projected to generate an annual capacity of 30 GWh. BYD which stands for ‘Build Your Dream’ it’s a Chinese multinational conglomerate specializing in various industries, including electric vehicles, researchable […] Read more
