Kinetic Engineering To Establish a $250 Million Electric Vehicle Subsidiary Updated On Thu, Aug 18th, 2022 by Saurenergy Kinetic Engineering (KEL), the Kinetic Group’s flagship company, has announced the formation of a subsidiary company focused on the electric vehicle (EV) segment. The subsidiary will have an authorized capital of up to $250 million, and the company will own more than 51% of it. KEL would use its strong technical knowledge and vast manufacturing […] Read more
Ola Electric Set To Launch Its First Electric Car by 2024 Updated On Wed, Aug 17th, 2022 by Saurenergy Ola Electric has announced last Monday that it is set to launch its first electric car by 2024. The company, which had trouble with deliveries of its electric scooters after making its exact one-year debut into the market, has set an ambitious goal of selling 10 lakh electric cars by 2026–2027. Ola founder and CEO […] Read more
AI Powered Solar Startup Renkube Raises 2.4 Cr in Seed Round By CIIE.CO Updated On Wed, Aug 17th, 2022 by Saurenergy Bangalore-based renewable energy-focused deep tech AI startup Renkube has announced that it has secured Rs. 2.4 crores ($300K) in a seed round led by CIIE.CO. JITO Angel Network and K4 Forum Mumbai Network also participated in this round. Halliburton Labs, a wholly owned subsidiary of Halliburton Company is participating via Renkube’s selection to its clean […] Read more
Mahindra & Volkswagen Expand Collaboration To Speed Up Indian EV Sector Updated On Wed, Aug 17th, 2022 by Saurenergy The Volkswagen Group and Mahindra & Mahindra Ltd (M&M) recently declared that they will be furthering their collaboration. Earlier this year, the two companies signed a term contract for the delivery of MEB electric components for Mahindra’s new, specifically designed electric platform, INGLO. Five all-electric SUVs with MEB components are included in the cooperation, which […] Read more
Some Reassurance for Industry In Prime Minister’s I-Day Speech Updated On Wed, Aug 17th, 2022 by Saurenergy In his Independence Day speech on August 15, the Prime Minister’s advocacy for energy independence (Energy Self Sufficient Nation) must have been reassuring for industry in India. The stress on energy independence was noticeable as the Prime Minister launched into an exhortation to think big for the country. The announcement, coming at a time of […] Read more
Power Ministry Puts Phase-1 Of Emission Control Gear On Hold Basis IIT Report Updated On Wed, Aug 17th, 2022 by Saurenergy The Indian Power Ministry has been effectively implementing pollution management methods (emission control) in selected energy crops to examine the benefits before rolling out the predicted 2 lakh crore of funding in all initiatives that would raise electrical energy rates. The government has indicated that the application of Flue-gas desulfurization (FGD) techniques increases carbon dioxide […] Read more
KREDL Issues RFP For 5 MW Solar Plus Battery At Karnataka Solar Park Updated On Tue, Aug 16th, 2022 by Saurenergy Karnataka Renewable Energy Development Limited (KREDL) has invited a Request for Proposal (RFP) 5MW (AC) Solar PV Power Plant (7 MWp DC) with 5MW / 16 MWh Battery Energy Storage System having 10 years Plant O&M at Pavagada Ultra Mega Solar Park of Tumakuru District in Karnataka. The last date for submitting the online bid […] Read more
Coal Mining Company NLCIL Signs MoU For RE Projects With APDCL Updated On Tue, Aug 16th, 2022 by Saurenergy A Memorandum of Understanding (MoU) has been signed by coal mining company NLC India Ltd and Assam Power Distribution Company Limited (APDCL). It may be noted that Tamil Nadu based NCL India Ltd and APDCL- fully owned by the Assam Government, are Navratna public sector organisations. According to the agreement, the objective of the MoU […] Read more
BREDA Issues Tender For Solar With Battery Energy Storage Solution In Bihar Updated On Tue, Aug 16th, 2022 by Saurenergy Bihar Renewable Energy Development Agency (BREDA) has issued a tender for engagement of consulting firm for providing consultancy services for setting up 200 – 250 MW solar power plants with Battery Energy Storage Solution at each Kajra (Lakhisarai) and Pirpainti (Bhagalpur) locations in the state of Bihar. The last date for submitting the online bid […] Read more
