Energy Vault, Two Others Construct Gravity-Based Energy Storage in China Updated On Fri, May 6th, 2022 by Saurenergy Energy Vault Holdings announced the groundbreaking for the first EVx deployment for gravity based energy storage system in China. The 100 MWh EVx system is being built adjacent to a wind farm and national grid site in Rudong located outside of Shanghai to augment and balance China’s national energy grid through the delivery of renewable […] Read more
Nestle’s Trucks in UK Switch to Renewable Energy Updated On Fri, May 6th, 2022 by Saurenergy Nestle has revealed that its food and drink products will now be delivered around the UK and Ireland by trucks which emit up to 95% less carbon. Nestle has switched 75% of its owned fleet of trucks from diesel to Bio-LNG, a liquefied gas which is a by-product of waste. Nestle says that the move […] Read more
Coming Soon: A Low-Cost, Long-Term Energy Storage Battery From Imperial College Updated On Thu, May 5th, 2022 by Saurenergy A team of engineers and chemists of Imperial College London recently developed a path breaking new battery design that could allow long-term energy storage at affordable price. It has polysulfide-air redox flow battery (PSA RFB) with two membranes as an alternative to the electrolyte vanadium, used in conventional redox flow batteries, which is typically expensive and primarily […] Read more
Crypto mining employing solar energy legalized in Uzbekistan Updated On Thu, May 5th, 2022 by Saurenergy A presidential decree published this week ben in Uzbekistan says that the companies in the country will be allowed to mine cryptocurrencies by employing solar power. The decree makes it clear that these solar powered crypto operations by both domestic and foreign companies will be exempt from the income tax. The objective behind this presidential […] Read more
Origis Energy Secures $375 Million Credit for Solar, Storage Projects Updated On Thu, May 5th, 2022 by Saurenergy Origis Energy has announced the close of a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund the growing presence of Origis in clean energy assets. CIT, a division of First Citizens Bank, along […] Read more
Developing Economies Such As India Can Have Climate Resilient Energy Independence Updated On Wed, May 4th, 2022 by Saurenergy Developing economies such as India have an enormous opportunity to build energy independence and grow in a climate resilient manner, in the process creating a thriving corporate sector that best leverages these increasingly prominent global financial capital market priorities, and funding capacities, a new report released on Tuesday said. As one of the fastest growing […] Read more
Indonesian Anantara Joins the List of Singapore’s Renewable Energy Suppliers Updated On Mon, May 2nd, 2022 by Saurenergy Indonesia based Anantara Energy Holdings Pte Ltd, a new JV between local solar power producer Quantum Power Asia and German renewable energy firm ib vogt GmbH, plans to export electricity to Singapore. The JV will see an investment to the tune of USD 5 billion (EUR 4.64bn) in the project, building a solar park of […] Read more
Shell Signs Agreement To Acquire Sprng Energy Group For $1.55 Billion Updated On Fri, Apr 29th, 2022 by Saurenergy Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), today signed an agreement with Actis Solenergi Limited (Actis) to acquire 100% of Solenergi Power Private Limited for $1.55 billion and with it, the Sprng Energy group of companies. Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its […] Read more
NTPC, Energy Vault sign MoU for gravity-based energy storage tech Updated On Wed, Apr 27th, 2022 by Saurenergy NTPC Limited, the largest power generating utility in India, has announced that it has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc. The objective of the MoU is to collaborate and formalize a long-term strategic partnership for the deployment of Energy Vault’s EVx™ gravity-based energy storage technology and software solutions based on […] Read more
