Finnish Energy Tech Firm Capalo AI Raises Pre-Seed Funding Worth €500,000 Updated On Wed, Oct 11th, 2023 by Saurenergy Finnish energy tech startup Capalo AI has raised €500,000 in pre-seed funding. The funding round was led by Innovestor Tech Fund, with Inventure also participating. Capalo AI will use the funding to further develop its virtual power plant (VPP) and multi-market optimization AI, as well as scale up its team with talented mathematicians and cloud service professionals. With the […] Read more
RE Generators Selling Power At Power Exchanges Can Issue REC: CERC Updated On Wed, Oct 11th, 2023 by Saurenergy In its latest order, the Central Electricity Regulatory Commission (CERC) clarified that renewable energy generators are entitled to Renewable Energy Certificates (REC) if they sell their power under the conventional market contracts of power exchanges. The order came to the fore after Indian Energy Exchange Limited (IEX) moved the Commission seeking approval for the changes made […] Read more
Hospitality Industry Welcomes Customizable EV by Speedways Electric Updated On Wed, Oct 11th, 2023 by Saurenergy Speedways Electric, an innovator in electric vehicle technology, has unveiled its latest offering, Royale- a vintage-shaped Low-Speed Electric Vehicle (LSEV) for the hospitality industry. The design of the EV has been patented. Features Royale is a battery-operated, eco-friendly vehicle. It boasts a no-noise, no-pollution operation, making it an environmentally responsible choice, with running costs that […] Read more
TCIL Issues Tender for 26 MW Solar Projects at Oman Airports Updated On Wed, Oct 11th, 2023 by Saurenergy Telecommunications Consultants India Ltd. (TCIL), an engineering and consultancy firm and a wholly owned Government of India public sector enterprise under the administrative control of the Department of Telecommunications (DOT), Ministry of Communications, has invited bids from eligible parties to establish a pre-tender tie-up for significant solar projects in Oman. The tender invites bids for […] Read more
EU Augments Overall Energy Consumption Target to 42.5% by 2030 Updated On Tue, Oct 10th, 2023 by Saurenergy The European Council recently adopted the new Renewables Energy Directive that will raise the share of renewable energy in the EU’s overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top up to allow the target of 45%. The directive has been formally adopted. Member states will have 18 months after the […] Read more
India’s RE sector offers scale of economies to foreign investors: Dhananjay Singh, ENGIE Updated On Tue, Oct 10th, 2023 by Saurenergy Please tell us about your installed capacities in India. Globally, we have got about 38 Gigawatts of renewable capacity and out of that in India, we have got over a gigawatt in operations and close to 1 gigawatt in construction. And then we want to grow bigger in India and probably we want to be […] Read more
Sofar Set To Expand In C&I and Utility-Scale Projects: Sunil Tiku, Sofar Updated On Tue, Oct 10th, 2023 by Saurenergy Sofar Solar, which entered the Indian market six years back with its inverters, is now diversifying its products and reach. The firm, which initially tried to penetrate the residential market and focussed more on Original Design Manufacturer (ODM) partnerships, is now trying to make inroads into the country’s Commercial and Industrial (C&I) and utility-scale projects. […] Read more
RecycleKaro Partners with Bajaj Auto for EV Battery Recycling Solutions Updated On Tue, Oct 10th, 2023 by Saurenergy RecycleKaro, a player in sustainable, lithium-ion battery recycling, has announced a strategic partnership with Bajaj Auto, a key player in the automotive manufacturer space, for the recycling of lithium ion batteries. Under this partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles. Hydrometallurgy technology The innovative Hydrometallurgy technology […] Read more
“Electric Motorcycles Need Higher Localisation, Time To Market”-Dinesh Arjun, Raptee Updated On Tue, Oct 10th, 2023 by Saurenergy Dinesh Arjun, Co-Founder, Raptee, speaks to SaurEnergy about the firms plans. Congratulations on the funding. Can you give us a sense of the cap structure at the firm now? Last valuation? We’re proud of the fact that we’ve gotten so far without raising much external capital. Many of the industry experts including our investors […] Read more
