US-Based Odyssey Raises $5.34m to Expand Distributed RE Updated On Mon, Sep 12th, 2022 by Saurenergy US-based Odyssey Energy Solutions has announced that it has raised $5.34 million in new funding led by Equal Ventures, a venture capital investment firm based in New York,. The participating investors include Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective. Odyssey offers an end-to-end solution to finance, build and operate distributed energy projects at […] Read more
Mahindra Introduces New Products, Increases EV Investments Updated On Mon, Sep 12th, 2022 by Saurenergy Mumbai-headquartered auto major Mahindra & Mahindra is developing, introducing new products and making investments while also making production plans stronger as it continues to be “extremely positive” about the country’s progressive adoption of electric car penetration over the coming few years. It anticipates a gradual shift to electric mobility, with the fleet and sports utility […] Read more
Ministry of Power Modifies Rules for Purchasing RTC Renewable Energy Updated On Fri, Sep 9th, 2022 by Saurenergy The parameters for the tariff-based competitive bidding process to purchase round-the-clock (RTC) power from grid-connected renewable energy projects have been amended, according to the Ministry of Power (MoP). Under Section 63 of the Electricity Act of 2003, these regulations were first released in July 2020. The current amendment permits producers of renewable energy to combine […] Read more
Cummins to Expand Belgium Electrolyzer Manufacturing Capacity To 1 GW Updated On Fri, Sep 9th, 2022 by Saurenergy American multinational Cummins Inc. has announced that it will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 GW with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. Cummins held that IPCEI will help Cummins develop a new generation of PEM electrolyzer cell stacks to power large-scale […] Read more
WEnergy Global & Partners Win Biggest Tender for Power Grids in Philippines Updated On Fri, Sep 9th, 2022 by Saurenergy Singapore’s WEnergy Global, jointly with Maharlika Clean Power Holdings and Clean Grid Partners, collectively referred to as the Maharlika Consortium, through their Special Purpose Vehicle, Archipelago Renewables Corporation, has signed a Qualified Third Party (QTP) Service Contract to energize over 7,100 households and 300 small local businesses through 16 microgrids spread over 14 barangays in […] Read more
UK’s Osprey Charging Collaborates with British Garden Centres for EV Charging Updated On Fri, Sep 9th, 2022 by Saurenergy British Garden Centers has partnered with Osprey Charging, a UK-based provider of quick electric vehicle (EV) charging, to offer EV charging at its UK locations. Osprey’s rapid chargers can extend an EV’s range by 100 miles in just 20 to 30 minutes, perfectly complementing the dwell time at garden centers and enabling consumers to recharge […] Read more
GE Renewable to Supply Wind Turbines to Japan Updated On Thu, Sep 8th, 2022 by Saurenergy GE Renewable Energy, a French wind turbine maker, has announced that it has been selected as the supplier for the Fukaura Wind Farm by Green Power Investment (GPI) in Fukaura Town, Aomori Prefecture, Japan. The project, which will feature 19 units of 4.2-117 onshore wind turbine of GE, represents company’s third project with GPI in […] Read more
France’s CMA CGM Creates Special Fund for Shipping Decarbonisation Updated On Wed, Sep 7th, 2022 by Saurenergy French shipping conglomerate CMA CGM Group is creating a Special Fund for Energies which is backed by a five-year $1.5 billion budget to accelerate its energy transition and achieve net-zero carbon by 2050. The official statement of CMA CGM revealed that the special fund will invest to support the industrial production of new fuels, as […] Read more
China’s Risen Energy Delivers Strong H1 Numbers with 51% Growth Updated On Wed, Sep 7th, 2022 by Saurenergy Risen Energy, part of the cohort of China based manufacturers of photovoltaic modules, has reported that its revenue in first half of 2022 has expanded 51.29 percent year-on-year to reach 12.615 billion yuan (US$ 1.83 billion). The net profit attributable to shareholders of the parent company rose 653.56 percent increase year-on-year to reach 505 million yuan (US$ 72.98 […] Read more
