IRA to Swell US Renewables Investment to $114 Billion: Wood Mackenzie Updated On Fri, Jan 20th, 2023 by Saurenergy A new report by Wood Mackenzie says that the Inflation Reduction Act (IRA), a Biden law that accelerates renewables and decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. It said that a rise from $64 billion in 2022 to nearly $114 billion is expected by 2031. The […] Read more
South Korea’s Battery Majors LG Energy & Hanwha Explore Partnership for BESS Updated On Mon, Jan 16th, 2023 by Saurenergy South Korean firms LG Energy Solution and Hanwha, global giants in the world of global battery and renewable energy technology, are looking to set up battery storage centric manufacturing facilities. The units will be established in the US. The said firms have entered into a partnership to make headways into US battery energy storage system […] Read more
Recessionary Pricing Has Hit Big Global Wind Projects: Rethink Energy Report Updated On Wed, Nov 16th, 2022 by Saurenergy Rethink Energy has come up with a new report which says that it turns out that recessionary pricing has indeed taken its toll on large global wind projects. Rethink Energy said that the wind industry has hit several speedbumps in the last few months, illustrated by the poor results for third quarter of 2022 published […] Read more
EY Index Says Volatile Conditions Accelerate Global Renewables Market Updated On Wed, Nov 16th, 2022 by Saurenergy EY has released its latest index ‘Renewable Energy Country Attractiveness Index (RECAI 60)’ that shows that governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, in the face of continuing geopolitical tensions and economic uncertainty. RECAI 60 ranks the world’s top 40 markets on the attractiveness of […] Read more
Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US Updated On Thu, Nov 10th, 2022 by Saurenergy American fintech giant Mosaic has announced that it has surpassed $10 billion in loans funded through its platform. Mosaic is a leading financing platform for U.S. residential solar and energy-efficient home improvements. This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded, showing accelerated growth for the clean energy fintech company. […] Read more
Texas-Based Mission Solar Energy to Expand Solar Cell Production to 1 GW in 2024 Updated On Thu, Nov 3rd, 2022 by Saurenergy Texas-based solar module manufacturer Mission Solar Energy has celebrated its tenth anniversary and simultaneously announced a 1 GW expansion plan. Mission Solar will ramp up production to meet industry demands for 2023 and beyond. Mission Solar said that its products have become coveted by distributors, installers, and homeowners across the US and the recent passage […] Read more
SB Energy to Supply 942 MW Green Energy to Google Data Center in Texas Updated On Wed, Nov 2nd, 2022 by Saurenergy A leading climate infrastructure and technology platform headquartered in the San Francisco Bay Area, SB Energy Global has announced that Google will purchase about 75% percent of the renewable energy produced by four of its solar projects that are currently under development. The projects, totaling 1.2 gigawatts (GW) of capacity will support Google’s investment in […] Read more
Hyundai Begins $5.5 Bn EV, Battery Plant in USA Updated On Thu, Oct 27th, 2022 by Saurenergy The South Korean auto conglomerate Hyundai Motor Co is about to break ground for the $5.54 billion electric vehicle and battery plant in the USA. Hyundai wants to have a reasonable share in the electric vehicle sales in America. Georgia Governor Brian Kemp, Senators Jon Ossoff and Raphael Warnock may attend the ceremony of the […] Read more
Jupiter Power, Energy Vault Partner for 2.4 GWh of Domestic-Content-Qualified BESS Updated On Thu, Sep 29th, 2022 by Saurenergy Texas-based utility-scale battery energy storage systems (BESS) developer and operator, Jupiter Power has announced the execution of an agreement with Switzerland-headquartered grid-scale energy storage solutions provider Energy Vault Holdings. Under the agreement, Jupiter Power and Energy Vault will collaborate to secure 2.4 GWh of supply chain equipment and services that will be integrated and delivered […] Read more
