India’s Peak Power Demand Smashes 2023 Peak, Touches 250 GW Updated On Fri, May 31st, 2024 by Saurenergy The Indian power sector met a record maximum power demand of 250 GW on 30th May’24 whereas, the non-solar demand touched an all-time high of 234.3 GW on 29th May This spike in power demand reflects the combined impact of weather-related loads and growing industrial and residential power consumption in these areas. On 30th May, […] Read more
US-Based FTC Solar Brings Hail Stow Solution For Hailstorm Damage Updated On Fri, May 31st, 2024 by Saurenergy US-based FTC Solar has announced the release of its Automated Hail Stow Solution, meant to lessen hailstorm damage to solar panels. This approach uses cutting-edge technology in conjunction with meteorological data to dynamically reposition solar panels, reducing the risk of damage from hail. According to FTC Solar, solar panel systems are particularly vulnerable to hail […] Read more
EV Maker Euler Motors Raises Rs 200 crore Updated On Thu, May 30th, 2024 by Saurenergy The manufacturer of commercial electric vehicles, Euler Motors, announced that it has closed its Series C round, having raised approximately Rs 200 crore. The business had previously obtained over $60 million in new financing in October 2022 and approximately $14.5 million in November 2023. This round’s investors include Blume Ventures, a domestic venture capital firm, […] Read more
Green Stocks May 30: Waaree Renewable Stock Price Jumps Updated On Thu, May 30th, 2024 by Saurenergy On May 30th, three companies’ stock prices went for a rise. On the other hand, other green companies witnessed a decline in their stock prices. Waaree Renewable registered a 5% rise in their stock prices while Shakti Pumps saw a 2.65% rise in its stock price. Whereas, SJVN witnessed a major dip of 4.26% followed […] Read more
US Releases New Rule To Incentivise Clean Energy Production Under IRA Updated On Thu, May 30th, 2024 by Saurenergy The US Department of the Treasury and Internal Revenue Service (IRS) released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit under the Inflation Reduction Act (IRA). This guideline was established by President Biden’s Inflation Reduction Act (IRA), to provide clarity to developers of clean electricity projects. This guidance is expected […] Read more
Solex Registers 126% YoY Growth In Revenue From Ops In Fy23-24 Updated On Thu, May 30th, 2024 by Saurenergy Maintaining the trend of strong financial results from Module manufacturers, Surat, Gujarat-based Solex Energy financial results for FY 2023-24 make for impressive reading. The company achieved a revenue of Rs. 3,659.2 million, from its operations. This increased from Rs. 1,617.1 million in FY 2022-23 with a 126% year-over-year growth. The company’s EBITDA improved to Rs. […] Read more
Expediting Clean Energy Transition Improves Living Standards: IEA Updated On Thu, May 30th, 2024 by Saurenergy Transitions to clean energy are affecting the cost of living the world over. According to a new report by the International Energy Agency (IEA), speeding up the move to clean energy technologies improves the affordability of energy and can relieve pressures on the cost of living more broadly The IEA report, Strategies for Affordable and […] Read more
News Briefs May 30- Google, Meta Solar PPAs, LONGi’s Hi Mo X6 Modules… Updated On Thu, May 30th, 2024 by Saurenergy Google Signs First Solar PPAs In Japan Technology giant Alphabet, which owns Google, has signed its first solar PPAs in Japan. The virtual power purchase agreements (PPAs) adding up to 60 MW have been signed with two Japanese companies. The larger firm, involved with 40 MW of the planned capacity is Clean Energy Connect (CEC), […] Read more
Havells India Plans To Ramp Up Captive Solar Capacity To 16 MW Updated On Thu, May 30th, 2024 by Saurenergy The electrical equipment manufacturer Havells India Ltd. has announced to build a 4.6 MW solar power plant at its Alwar facility in the upcoming fiscal year to increase its solar power capacity to about 16 MW, read a media statement by the company. By making this change, the company will be able to use renewable […] Read more
