Global Solar Inverter Shipments Grew By 56%: Wood Mackenzie Updated On Fri, Aug 9th, 2024 by Saurenergy Solar inverter shipments surged by 56%, reaching 536 Gigawatts (GW) of alternating current (GWac) in 2023, reflecting robust growth in the solar industry, a latest report from Wood Mackenzie said. According to Wood Mackenzie’s “Global Solar Inverter and Module-Level Power Electronics Market Share 2024” report, the top 10 global PV inverter vendors captured 81% of […] Read more
Battery Recycling Can Slash Global Lithium Demand By 46%: RMI Updated On Mon, Aug 5th, 2024 by Saurenergy A latest report from global energy think tank–RMI said that mineral recycling can aid in slashing the global Lithium demand by around 46 percent. Battery demand is expected to surge in the coming years. To meet this demand, RMI said that rather than focusing solely on new extraction, countries can focus on battery recycling. Currently, energy […] Read more
Global Investments In Battery To Decline In 2024: Rystad Report Updated On Wed, Jul 31st, 2024 by Saurenergy Following four consecutive years of significant growth, this year is set to see a sizeable decline in global battery investments for the first time since 2020, according to Rystad Energy research. The researchers attributed this trend owing to a slump in battery infrastructure investments in mainland China for the global slowdown, as the Asian economic […] Read more
India To See 9.17% Growth In EV Sector Workforce: TeamLease Updated On Tue, Jul 30th, 2024 by Saurenergy TeamLease’s recent survey points towards a transition in the employment structure within the power and energy sector, particularly in the electric vehicle (EV) segment from April-September 2024-2025. TeamLease presented its ‘Employment Outlook Report’ for the first half of the fiscal year 2024-25 where it analyzed data from a wide-ranging survey of 1,417 employers across 23 […] Read more
India Needs 100 GW Storage To Avoid Energy Shortages: Report Updated On Wed, Jul 24th, 2024 by Saurenergy In a report that goes against the actions of the Indian government (more thermal, faster deployment of PSP), Berkeley has made a case for solar and battery storage to solve the country’s power demand issue. Solar plus storage can not only help to avoid power shortages in India but also help to prevent a solar […] Read more
Global Battery Demand Can Quadruple To 4,100 GWh By 2030, Says Report Updated On Fri, Jul 19th, 2024 by Saurenergy Global battery demand is expected to quadruple to 4,100 gigawatt-hours (GWh) between 2023 and 2030 as electric vehicle (EV) sales continue to rise. As a result, OEMs must hone in on their battery strategies, according to a new report by Bain & Company. Over 250,000 electric cars were sold globally every week in 2023, more […] Read more
Indian Wind Sector Prone To Cybersecurity Risks: NITI Aayog Report Updated On Thu, Jul 18th, 2024 by Saurenergy A recent report by NITI Aayog identified emerging concerns in cybersecurity for the Indian wind sector due to the import of components for the wind sector, particularly from China, by the Wind Turbine Original Equipment Manufacturers (OEMs). The report proposes a multi-pronged approach integrating policy interventions, manufacturing support, and robust cybersecurity measures. Given the increasing […] Read more
Indian EV Sector Needs Rs 1,151cr To Flourish, Says Report Updated On Wed, Jul 17th, 2024 by Saurenergy Principal Scientific Adviser to the Government of India, Ajay Kumar Sood, released a report for building a comprehensive roadmap that outlines research projects in four crucial areas. These areas are energy storage cells, electric vehicles (EV) aggregates, materials and recycling, and charging and refueling. It provided pathways for India to achieve leadership and self-reliance in […] Read more
IRENA’s 11.2 TW RE Target For 2030 Risks Falling Short By 1.5 TW: Report Updated On Tue, Jul 16th, 2024 by Saurenergy Despite renewables becoming the fastest-growing source of power, the International Renewable Energy Agency (IRENA) latest report needs a minimum 16.4% growth rate annually through 2030 to stay on course, to meet the 2030 target. IRENA’s Renewable Energy Statistics 2024 report indicated the possible risk of missing the tripling renewables target pledge set at COP28. The […] Read more
