Mahindra to be minority partner in any battery venture, e-XUV 300 launch by Q3, 2023 Updated On Wed, Feb 16th, 2022 by Saurenergy Auto major Mahindra and Mahindra ‘s top tier executives, while discussing its results at an analyst call, made some interesting observations on the firm’s EV and battery plans. On the results side, the firm had a strong Q3, reporting a 155 per cent jump in its standalone profit at Rs 1,353 crore for the December […] Read more
Recycling technology firm Nth Cycle Raises Fresh Funding of $12.5 million Updated On Wed, Feb 16th, 2022 by Saurenergy Nth Cycle, the innovative metal processing and recycling technology company, has announced the closing of its $12.5 million Series A financing, co-led by the investment arm of Frankstahl, one of the largest privately held steel distribution companies in Europe, and VoLo Earth, a Colorado-based venture firm focused on climate solutions. Nth Cycle is disrupting the critical mineral supply chain necessary for electric […] Read more
IIT Kanpur Incubated Offgrid Energy labs gets funding from Shell, others Updated On Wed, Feb 16th, 2022 by Saurenergy Offgrid Energy Labs, a deep science, Intellectual Property led global innovator has unveiled its first innovation – rechargeable zinc-based battery (ZincGel®). Backed by investors including Shell Ventures, Ankur Capital, and APVC Singapore, Offgrid Energy Labs aims to disrupt the global energy storage market through new materials and design for stationary batteries. According to the firm, growing demand […] Read more
Maharashtra to go with EVs for Ajanta Ellora Cave visits Updated On Wed, Feb 16th, 2022 by Saurenergy The Maharashtra government has set plans to leverage electric vehicles (EVs) to transport tourists to the world heritage sites in the state. Maharashtra state tourism minister Aaditya Thackeray announced government plans to deploy EV for facilitating state tourism to the world-famous UNESCO world heritage sites Ajanta and Ellora caves. Until their closure due to covid, […] Read more
Ayana, Greenko Partner to Develop 6000MWhr Storage Capacity Updated On Tue, Feb 15th, 2022 by Saurenergy Greenko Group and NIIF-backed Ayana Renewable Power have entered into an agreement to provide standalone storage capacity in a template that sets a standard for such transactions in India, the companies announced in a recent statement. Under the partnership, the companies will develop firm and dispatchable renewable energy solutions, including round-the-clock power supply of up […] Read more
Sterling & Wilson Renewable Energy Reports ₹429 cr Loss in Dec Quarter Updated On Tue, Feb 15th, 2022 by Saurenergy Sterling and Wilson Renewable Energy (SWREL) on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021. The company had posted a consolidated net profit of Rs 22.45 crore in the quarter ended December 2020, according to a BSE filing. Total income of the company stood at Rs 1,502.23 […] Read more
Lord’s Mark Industries, Kerala Automobiles to Jointly Produce EVs Updated On Mon, Feb 14th, 2022 by Saurenergy Mumbai-based Lord’s Mark Industries Pvt Ltd has entered into a joint venture (JV) with Kerala Automobiles Limited (KAL) for the manufacture of electric vehicles (EVs). The first production facility of the JV will be set up at Kannur in Kerala at an estimated investment of Rs 20-30 crore. Commercial production at the Kannur unit is […] Read more
Powin Signs Up for 5.8 GWh of storage across US, Taiwan Updated On Mon, Feb 14th, 2022 by Saurenergy Powin Energy, a global leader in the design and manufacture of scalable battery energy storage solutions, has announced that it has signed framework agreements with four developers to purchase 5,800 megawatt-hours (MWh) of battery energy storage systems to be allocated across multiple projects in the United States and Taiwan. The energy storage systems will be […] Read more
Corporate PPA market overtakes utility PPA’s in Europe in 2021, changes foreseen Updated On Mon, Feb 14th, 2022 by Saurenergy Corporate contracted capacity in Europe hit 6.5GW in 2021, versus 4.6GW for utility PPAs, making it the first time corporate PPA’s overtook utility PPA’s in Europe. This is disclosed in a report by renewable advisory firm, Pexapark, in its report titled European PPA Market Outlook 2022. The resurgence of corporate PPA’s, at a time when […] Read more
