EV Charger Market Projected at CAGR 46.5% Between 2022 & 2030: CES-IESA Report Updated On Thu, Sep 28th, 2023 by Saurenergy The Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) have released their third annual “2022 India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview Report”. The report covers the present market trends and forecast of electric vehicle (EV) chargers by various charger types in terms of revenue (USD Million), capacity (GW) and […] Read more
US Continues to Break Storage Records, With 5.5 GWh Added In Q2 2023 Updated On Wed, Sep 27th, 2023 by Saurenergy A report from Wood Mackenzie and the American Clean Power Association states that the U.S. added 5,597 MWh of energy storage in Q2 2023, a new quarterly record. The storage boom has been fueled by a sharply rising share of renewable energy, as well as incentives at state level as well as now, through the […] Read more
Shanghai Electric Firm Secures RMB400 Million Towards Energy Storage Business Updated On Thu, Sep 21st, 2023 by Saurenergy Shanghai Electric Energy Storage Technology, the energy storage subsidiary of Shanghai Electric has announced that it has received RMB400 million in Series A financing that will be used to inject added vitality into the development of its energy storage business. Shanghai Electric will focus on promoting the research and development of new systems, promoting its […] Read more
Battery Swapping Can Reduce EV Costs Drastically: Kavinder Khurana, MD, TeslaPower Updated On Mon, Sep 11th, 2023 by Saurenergy Why Tesla Power USA invested in India. How much potential do you see here? Tesla Power USA is a United States (US)-based entity. It has invested heavily in battery rejuvenation technology. The company was launched in India in September 2021. Globally, it operates in 18 countries. It includes four countries in Latin America, seven in […] Read more
Hydrogen Project HyNCREASE in Germany Qualifies for European Grant Updated On Tue, Jul 18th, 2023 by Saurenergy The European Commission has picked out 41 projects to prepare grant agreements to enable firms dabbling in segments such as energy-intensive industries, hydrogen, renewable energy, and manufacturing components for energy storage and renewables. The EU has dedicated EUR 3.6 billion to enable the various firms to bring innovative technologies to the market. The grants are […] Read more
NTPC Issues Tender To Develop 2GW of Pumped Hydro Energy Storage Projects Updated On Wed, Jul 12th, 2023 by Saurenergy NTPC Renewable Energy Limited (NREL) has issued a tender seeking bids from eligible bidders to develop Pumped Hydro Energy Storage projects upto 2000 Megawatt (MW). The tender document said that these projects could be located in any part of the country. NREL has mulled developing such projects with a 25-year design life which can give six hours […] Read more
UK’s First-Ever Bankable, Unsubsidized Solar & Storage Project in the Offing Updated On Wed, Jul 12th, 2023 by Saurenergy DIF Capital Partners, a global independent fund manager and Pexapark, an advisory firm specializing in renewable energy, have now partnered to make UK’s first-ever bankable and unsubsidized solar and storage project. A Power Purchase Agreement (PPA) for ten years in this regard has already been signed. As per the mandate, the two firms would help […] Read more
Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval Updated On Fri, Jun 23rd, 2023 by Saurenergy The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […] Read more
AES Corporation Acquires USA’s Largest Permitted Solar Plus Storage Project of 2 GW Updated On Thu, Jun 8th, 2023 by Saurenergy The Bellefield project, which is the largest permitted solar project with storage in the USA, has been sold to The AES Corporation by Avantus. The Bellefield project established in Kern County, California, boasts of a cumulative 1 GW of solar and up to 1 GW of energy storage across two phases. A Power Purchase Agreement […] Read more
