News Brief June 07 – UK Battery Project, Energy Vault, Sumitomo Updated On Fri, Jun 7th, 2024 by Saurenergy Gresham House secures PPA for 568MW battery projects in UK An Octopus Energy subsidiary and Gresham House Energy Storage Fund have engaged into a power purchase agreement (PPA) for 14 of the company’s battery projects in the UK, totaling 568MW/920 megawatt hours (MWh). Commencing on July 1, 2024, the two-year fixed-price contracts will cover around […] Read more
Green Stocks June 7: Renewable Stock Prices On A Recovery Spree Updated On Fri, Jun 7th, 2024 by Saurenergy Stock prices of Indian renewable energy companies seemed to be a on a recovery mode after a crash in their prices on the poll results. Except three companies-Adani Green, Waaree Renewable and JSW Energy, the stock prices of all other green energy companies seemed to be on a revival mode. The highest growth was reported […] Read more
Hero MotoCorp Invests Rs. 124 Crore In Ather Energy Updated On Fri, Jun 7th, 2024 by Saurenergy Delhi-based Hero MotoCorp invested, up to Rs. 124 Crore in Ather Energy an electric two-wheeler company in Bengaluru. Ather Energy is engaged in designing, manufacturing, selling, and servicing electric two-wheelers. It has business spread out in charging infrastructure, storage, distribution, and management of electric power. This included energy investment in batteries and other ancillary services. […] Read more
Changing Renewable LCOE Dynamics To Favour Big Companies: Report Updated On Fri, Jun 7th, 2024 by Saurenergy A latest report by Lazard on the Levelized Cost of Energy (LCOE) claimed that the changing dynamics of LCOE is the United States (US) is likely to benefit the larger companies. It said that the results of its LCOE analysis hinted that sizable and well capitlized companies can take advantage of the supply chain and […] Read more
SC Net Zero Ventures Raises €125 Mn For Energy Transition Updated On Fri, Jun 7th, 2024 by Saurenergy SC Net Zero Ventures, the venture capital investment fund managed by Suma Capital in strategic alliance with Repsol as anchor investor, has completed its first closing raising €125 million. The fund has a target of €150 million. This substantial first closing is a very important step towards achieving the fund’s goals. Furthermore, this milestone underlines […] Read more
Motovolt, ZEVO Partner To Boost Electric Mobility Updated On Fri, Jun 7th, 2024 by Saurenergy Electric bike manufacturer Motovolt Mobility has collaborated with ZEVO to deploy 5,000 of its flagship M7 electric scooters. The companies involved said that this alliance signifies a collective effort towards promoting the widespread adoption of EVs for all delivery needs, promising a more sustainable future in urban mobility and last-mile logistics. ZEVO is a tech-enabled […] Read more
US DOE To Invest $9.5 Million In Four Solar Projects Updated On Fri, Jun 7th, 2024 by Saurenergy The U.S. Department of Energy (DOE) has declared plans to invest $9.5 million in four new projects with the goal of increasing public awareness and confidence in large-scale solar advancements. This program supports the US’s objective of having net-zero carbon emissions by 2050, which is an important step given that the DOE estimates that 40% […] Read more
India Expected To Spend $385 Bn To Reach RE Target: Moody’s Updated On Fri, Jun 7th, 2024 by Saurenergy Moody’s Ratings, a bond credit rating business of Moody’s Corporation, in its recent report, highlighted that India is expected to invest $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030. But coal will remain a key source of electricity generation for the next decade, said Moody’s Ratings. India, one […] Read more
Kiwa PVEL’s Scorecard: Adani Solar, Waaree Maintain Top Positions Updated On Fri, Jun 7th, 2024 by Saurenergy Adani Solar, the solar photovoltaic (PV) manufacturing arm of the Adani Group and Waaree Solar have been been recognized as a Top Performers in the 10th Edition of Kiwa PVEL’s PV Module Reliability Scorecard. Kiwa PVEL is a leading independent laboratory serving the downstream solar industry. Their annual Scorecard highlights manufacturers that have produced PV […] Read more
