Volvo Invests $4.9 million In Connected Energy For Second Life Battery Business Updated On Mon, Jun 20th, 2022 by Saurenergy Volvo Energy is investing about 50 million Swedish kronor (SEK) or $4.9 million for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. Joachim Rosenberg, President, Volvo Energy, said, “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of […] Read more
Extending The Net Metering Policy To Energy Storage Devices Will Grow The Market Updated On Mon, Jun 13th, 2022 by Saurenergy Sheru, an energy storage startup supports storing energy in the cloud and solves the lack of storage problems by aggregating idle battery capacity to create a virtual energy storage platform. Sheru was started by three friends, Ankit Mittal, Shikhar Sharma, and Nakul Mehan, engineering graduates from BITS Pilani. Having helped build robotics solutions in India’s first deep […] Read more
Tamil Nadu Plans 20,000 MW Solar Installations Across State Updated On Mon, Jun 13th, 2022 by Saurenergy Tamil Nadu is girding up to stay in the top position among states in the run for renewable forms of energy. The state, blessed with a long coastline and ample sunshine, has been an early mover and a among the leaders for most of the 21st century. In a fresh development, the Tamil Nadu Generation […] Read more
Agilitas Energy Raises $350 Million to Expand Renewables & Storage Platform Updated On Fri, Jun 10th, 2022 by Saurenergy Agilitas Energy, which claims to be the largest energy storage and solar PV player in the northeastern USA, has announced that it has raised $350 million of equity in a two-tiered investment from funds managed by CarVal Investors. The official statement of Agilitas held that the investment amount may be further upsized to $650 million […] Read more
Energy Storage To Keep Pace With RE Installation In India – Fitch Ratings Updated On Tue, Jun 7th, 2022 by Saurenergy The success of renewable energy in any market largely depends on the energy storage capacity given the intermittency nature of it. The credit rating agency, Fitch Ratings, has said in its new report that power storage demand in India will expand at a rapid pace to stabilise the increasing variability on both the power supply […] Read more
Australian City Turns To Compressed Air Project For Storage Of 1.5 GWh Updated On Mon, May 30th, 2022 by Saurenergy Broken Hill, a city in rural New South Wales, Australia, has opted for advanced compressed air energy storage for energy storage. The project can be completed and commissioned by 2025, if not earlier. The advanced compressed air energy storage (A-CAES) technology, Hydrostor, has been proposed by a Canadian company recently releasing a statement that its […] Read more
Ireland Counts On Battery Storage For Energy Transition Updated On Fri, May 27th, 2022 by Saurenergy Ireland is going to capitalise on its expertise in operating an isolated grid by developing new battery technology. Minister for Climate and Energy Eamon Ryan has been quoted as saying, “Energy storage using a range of battery technologies will be a core part of Ireland’s new industrial revolution, while playing a key role in balancing […] Read more
India and Italy Will Partner for Green Hydrogen, Biofuel, Energy Storage Updated On Mon, May 9th, 2022 by Saurenergy According to an official joint statement announced by the two countries, India and Italy will develop partnerships in key renewable energy sectors like green hydrogen, biofuels and energy storage. The decision came after India’s External Affairs Minister S Jaishankar met the Italian counterpart Luigi Di Maio in New Delhi. The Italian foreign minister was on […] Read more
Actis Forms Blupine Energy to Develop renewable energy in India Updated On Fri, May 6th, 2022 by Saurenergy Actis has incorporated Blupine Energy Pvt Ltd, a company in India to develop renewable energy projects and store assets in India. In June, 2021, Actis had officially incorporated Blupine Energy in which the paid up capital was Rs 16 crore. Reports say that Bluline will become active immediately with a corpus of funds amounting $800 […] Read more
