MoP Issues Viability Gap Funding Guidelines For BESS Project Updated On Fri, Mar 22nd, 2024 by Saurenergy The Ministry of Power (MoP) has issued the guidelines for the Rs 94 billion program to provide viability gap funding (VGF) of up to 40% to develop 4,000 Mh of battery energy storage systems (BESS) capacity across the country. According to the MoP, the budget that has been allocated to the programme stands at $37.6 […] Read more
UK-Based Statera Secures 670MW Contracts in Auctions Updated On Fri, Mar 22nd, 2024 by Saurenergy In the latest Capacity Market auctions, UK-based Statera has provisionally secured contracts for 670MW of capacity commencing in October 2027, at a record T-4 clearing price of £65/kW. The Capacity Market ensures the UK’s security of electricity supply by guaranteeing the availability of sufficient backup power, stated a press release by Statera As per a […] Read more
RMI Releases Report On Mitigating Financial Risks In EV Lending Updated On Thu, Mar 21st, 2024 by Saurenergy The RMI released a report that sheds light on the challenges encountered in extending loans for internal combustion engine (ICE) two- and three-wheelers due to the prevalence of new-to-credit (NTC) borrowers. The report emphasizes mitigating risks in lending for the acceleration of electric vehicle (EV) adoption and provides an in-depth analysis of the financial landscape […] Read more
Sungrow Opens DC Fast Charging Station Across Locations In Europe Updated On Thu, Mar 21st, 2024 by Saurenergy Sungrow, a clean energy solution firm, has announced the IDC180E Integrated DC Fast Charging Station. Since its launch, the IDC180E has been deployed and is operational across multiple countries and regions, including France, Germany, Bulgaria, and beyond. It represented a shift in electric vehicle (EV) charging technology, the IDC180E redefined standards with its innovative features […] Read more
As Sales Peak EPA Finalises New Pollution Standards For EVs In US Updated On Thu, Mar 21st, 2024 by Saurenergy Biden-Harris Administration has finalised pollution standards for cars that position US companies and workers to lead towards a clean vehicle future, protect public health, address the climate crisis, and save drivers money. EPA has finalised this rule as sales of clean vehicles, including plug-in hybrid and fully electric vehicles, hit record highs last year. The […] Read more
Adani Electricty Plans To Install 8,500 EV Charges In Mumbai Societies Updated On Thu, Mar 21st, 2024 by Saurenergy Adani Electricity Mumbai Ltd has announced that it has plans to install 8,500 chargers for electric vehicles (EVs) across apartment societies in Mumbai, reported news agency PTI. The Adani group company said it has launched what it calls the “share charge” initiative under which multiple EV owners can charge their vehicles, as was reported by […] Read more
JSW, MG Motor JV Sets Target Of 1 Million EVs Sales For India By 2030 Updated On Wed, Mar 20th, 2024 by Saurenergy Mumbai-based steel producer JSW announced its collaboration with MG Motor a luxury SUV cars provider in India through a joint venture. This collaboration between MG Motor and JSW Group aims to sell one million electric vehicles in India by 2030 and capture a third of the market. The joint venture, according to the two businesses, […] Read more
Arevon Inks Deal With San Diego Community Power For Avocet Energy Storage Updated On Wed, Mar 20th, 2024 by Saurenergy US-based renewable energy developer Arevon Energy has announced it has entered into a 15-year energy storage service agreement with San Diego Community Power (SDCP), California’s second-largest community choice aggregator, for the full capacity of the Avocet Energy Storage Project. The project is a 200-megawatt (MW)/800 megawatt-hours (MWh) stand-alone battery energy storage system (BESS) located in […] Read more
Revfin Inks Deal With Sun Mobility For EV Financing Updated On Wed, Mar 20th, 2024 by Saurenergy Electric Vehicle maker SUN Mobility and Revfin have collaborated to offering innovative financing solutions for fleet and passenger vehicles utilizing SUN Mobility’s Battery-as-a-Service (BaaS) model. Revfin will finance two-wheelers for fleet business and three-wheelers for cargo and passenger vehicle segments. SUN Mobility also plans to deploy almost 100k of these vehicles under the BaaS model, […] Read more
