Author: Saur News Bureau

SJVNL To Offer Solar Power At Rs 3.26/unit From Himachal Floating Plant

Shimla-based SJVN Green Energy Limited is now all set to provide solar power at the rate of Rs 3.26 per unit from its 15 MW floating solar power project situated at Nagal Pond, near Neila village in the Bilaspur district of Himachal Pradesh.  The Central Electricity Regulatory Commission (CERC), in its latest order, has also approved […]

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Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets

Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to  invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […]

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Norwegian Battery Maker Morrow Nets €100m Equity Funding

Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […]

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US Continues to Break Storage Records, With 5.5 GWh Added In Q2 2023

A report from Wood Mackenzie and the American Clean Power Association states that the U.S. added 5,597 MWh of energy storage in Q2 2023, a new quarterly record. The storage boom has been fueled by a sharply rising share of renewable energy, as well as incentives at state level as well as now, through the […]

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Cars at Golf’s Ryder Cup To Be Solar Powered For First Time

Club Car, a global leader in golf, consumer and utility vehicles, is using solar power to charge fleet vehicles on location for the first time at the Ryder Cup, the leading golf event that pits Europe Versus the US. “To be the Worldwide Supplier of one of the world’s premier sporting events for such a […]

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Pexapark Infused with Funding Worth €20m in Series C Round

Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […]

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Rayzon Solar Forms Joint Venture with Swiss-German Firm Luxra Group

India’s solar panel production firm, Rayzon Solar and German-Swiss that makes solar modules,  Luxra Group will be setting up a joint venture towards the production of solar modules in India. The partnership will combine Luxra’s technology and Rayzon’s expertise in operations with regards to PV panel manufacturing. The joint venture will strive for solar module […]

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Solar Power Costs Dipped 87% Globally In Last 10 Years: Study

A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period.  The recent innovation in […]

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