Green Tech Firm Hydrostor Bags $250 M Invt from Goldman Sachs Updated On Thu, Jan 13th, 2022 by Saurenergy Canadian long-duration energy storage solution provider Hydrostor has secured a financing commitment of US$250 million from Goldman Sachs Asset Management’s private equity and sustainable investing businesses, an official statement said. The investment proceeds will be used to support the development and construction of Hydrostor’s 1.1GW, 8.7GWh of Advanced Compressed Air Energy Storage (A-CAES) projects in […] Read more
U.S. to add 21.5GW Solar Capacity in 2022; Texas to Claim over 6GW: EIA Updated On Wed, Jan 12th, 2022 by Saurenergy The U.S. Energy Information Administration (EIA) predicts that in 2022, 46.1 GW of new utility-scale electric generating capacity to be added to the country’s power grid in 2022, almost half of which is planned to come from solar, followed by natural gas at 21% and wind at 17%. Developers and power plant owners report planned […] Read more
CSP Player Heliogen Rounds off 2021 With Completion Of Merger With Athena Updated On Wed, Jan 5th, 2022 by Saurenergy For California-based Heliogen Inc., a provider of AI-enabled concentrated solar power, 2021 has been an exciting year, peppered with attractive investments from and valuable collaborations with major companies, especially in the mining and metals industry. Founded in 2013, Heliogen aims to alleviate the intermittency issues of renewable power generation sources. Its technology is designed to […] Read more
Quantumscape CEO Jagdeep Singh Aims For A $2.3 Billion Payoff Updated On Mon, Jan 3rd, 2022 by Saurenergy In a deal seen as mirroring a similar deal for Tesla founder Elon Musk a couple of years back, Shareholders of QuantumScape Corp., the solid-state battery startup that went public through a blank-check deal last year, recently approved an approximately $2.3 billion (Rs 17,486 crore) pay package for its Chief Executive Officer Jagdeep Singh. The […] Read more
US BLM Offers 90000 Acres For Solar Development Updated On Thu, Dec 23rd, 2021 by Saurenergy Solar energy is getting a boost in the US. The country’s Bureau of Land Management (BLM) has launched its largest solicitation for solar development to date, seeking interest for utility scale solar energy development on nearly 90,000 acres of public land across Colorado, Nevada and New Mexico. Additionally, the US Department of the Interior has […] Read more
The US Doubles Down On Energy Storage Capacity Updated On Mon, Dec 13th, 2021 by Saurenergy The market for energy storage in US is making big strides, driven by the record growth in the past year even though Covid pandemic upset the momentum of various other industries across the world. Renewable storage market has rather been holding up the country’s economic prospects. Over the year 2020, 1,464 MW/3,487 MWh of new […] Read more
Energy Major BP Acquires US EV Charging Provider Amply Power Updated On Thu, Dec 9th, 2021 by Saurenergy Energy giant BP has acquired Amply Power, an electric vehicle (EV) charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles. By 2030, BP aims to nearly double earnings from its global convenience and mobility businesses – increasing from around $5 billion in 2019 – while delivering […] Read more
Wind, Water, Solar Trio Ensures Grid Stability for US States, Says Stanford Study Updated On Thu, Dec 9th, 2021 by Saurenergy Wind-Water and Solar (WWS) ensures grid stability and zero blackouts. A new study conducted by Mark Z. Jacobson and colleagues at Stanford University claimed this, as they analyzed grid stability in over 50 U.S States and District of Columbia. Jacobson is a Professor of civil and environmental engineering at Stanford. The new research, an effort […] Read more
US SEC Initiates Investigation Against Tesla Over Disclosures Linked To Solar Tiles Updated On Tue, Dec 7th, 2021 by Saurenergy In a move widely seen as an acknowledgement of the complaint by a former Tesla employee, Steven Henkes, the US securities regulator, Securities and Exchange Commission (SEC), has initiated investigations into the allegations on Tesla, for failing to notify its shareholders and the public about fire risks associated with its solar panel systems. The investigations […] Read more
