ONE To Invest $1.6 20 GWh In Michigan Cell Factory Updated On Fri, Oct 7th, 2022 by Saurenergy Michigan-based energy storage technology company Our Next Energy (ONE) will be investing $1.6 billion in a new battery cell manufacturing plant, called ONE Circle, in Van Buren Township, Michigan. Once operational it will have an annual full capacity of 20 GWh by the end of 2027 which will be equivalent to 200,000 electric vehicle battery […] Read more
Sixt to Buy 100,000 BYD EVs for European Fleet in Next Six Years Updated On Fri, Oct 7th, 2022 by Saurenergy Global mobility service provider, Germany-based Sixt and world’s largest manufacturer of New Energy Vehicles, BYD, have signed an agreement under which Sixt has ordered several thousand of pure-electric vehicles from BYD initially, the first of which will be available for Sixt customers in Europe in the last quarter of 2022. As per Sixt, the initial […] Read more
Canada’s Electrovaya to Build Lithium-Ion Gigafactory in New York State Updated On Thu, Oct 6th, 2022 by Saurenergy Global lithium-ion battery technology and manufacturing firm Electrovaya has announced that its first US-based gigafactory will come up in New York State for the production of cells and batteries. Electrovaya said that it will set up operations at a 137,000 square foot plant on a 52-acre campus near Jamestown, New York. Electrovaya informed that the […] Read more
Orb Energy Secures Follow-On Funding from US DFI Updated On Thu, Oct 6th, 2022 by Saurenergy Bangalore-based Orb Energy, a vertically integrated provider of solar energy solutions in India, announced today that it has received a $20 million USD follow-on loan from United States International Development Finance Corporation (DFC) to support its unique in-house financing facility for rooftop and ground mounted solar customers in India. Damian Miller, the CEO and Co-founder […] Read more
Iron-Air Battery Maker Form Energy Secures $450 million for Energy Storage Technology Updated On Thu, Oct 6th, 2022 by Saurenergy In a fresh announcement, iron-air battery maker Form Energy, based in Massachusetts, United States has said that it has secured a $450 million Series E financing led by American investment firm TPG Rise. TPG Rise is making the investment through TPG Rise Climate, its dedicated climate investing strategy, and The Rise Fund, its longstanding, multi-sector […] Read more
European PPA Prices Double Y-o-Y Since Energy Crisis: Pexapark Updated On Thu, Oct 6th, 2022 by Saurenergy Swiss firm Pexapark, which provides software and advisory services for post-subsidy renewable energy sales and risk management, has released a report entitled “Reflections on an ‘uprecedented’ year”. The study offers a comprehensive view on how the global energy crisis, that has led to an unprecedented period of market turmoil, has affected renewable energy trading and […] Read more
Tree Energy Solutions, Fortescue Future Industries Team Up for World’s Largest Green Hydrogen Project Updated On Thu, Oct 6th, 2022 by Saurenergy Fortescue Future Industries (FFI) and Tree Energy Solutions (TES) have agreed to develop the world’s largest green hydrogen integrated project to help Europe mitigate its current energy and climate crisis in order to bring green molecules to Europe. Green hydrogen is a zero-carbon fuel, that when used produces nothing but primarily water. It is a practical […] Read more
Adani Green Launches Three Step-Down Subsidiaries in Renewable Segment Updated On Tue, Oct 4th, 2022 by Saurenergy Three new subsidiary businesses for the renewable energy industry have been incorporated by Adani Renewable Energy Holding Four Limited. Adani Renewable Energy Holding Four Limited is its subsidiary, and the recently established firms are its step-down subsidiaries, according to a statement released by Adani Green Energy Ltd (AGEL). “Three brand-new subsidiaries have been incorporated by […] Read more
PV Installs Explode Despite Obstacles, Jump 87 GW Updated On Mon, Oct 3rd, 2022 by Saurenergy Despite ongoing price increases on polysilicon and other commodities, rising costs, sanctions against China for using Uyghur forced labor to produce solar panels, not to mention the US Department of Commerce block in early 2022 due to antidumping accusations in Southeast Asia, solar installations are likely to increase by 38% year over year. This is […] Read more
