Canada’s e-Zinc raises $25 M to advance long-duration energy storage Updated On Tue, Apr 12th, 2022 by Saurenergy Canadian energy storage solutions provider e-Zinc has raised USD $25 million in Series A financing led by Anzu Partners, with additional funding from BDC Capital, Toyota Ventures, and Eni Next. Existing investors, including Seed Round lead investor Energy Foundry, also participated. e-Zinc will use this funding to commence the pilot production of its first commercial […] Read more
“European Quality Product Below Chinese Prices Is Our Edge”, Sandeep Goyal Updated On Tue, Apr 12th, 2022 by Saurenergy A thriving solar inverter market in India shadows the overall growth of solar, and is poised strongly till 2030 and beyond. Pyramid Electricals is one of those rare Indian firms that have come up the hard way in the electronics sector. With their own R&D, technocrat founders, and now, plans to scale up to large […] Read more
Clean energy spending has jumped 50% to record levels since Oct end: IEA Updated On Tue, Apr 12th, 2022 by Saurenergy Clean energy spending earmarked by governments in response to the Covid-19 crisis has risen by 50% over the past five months and now stands at over USD 710 billion worldwide, though there are troubling imbalances between regions, according to the latest update of the IEA’s Sustainable Recovery Tracker. This unprecedented amount of enacted spending is […] Read more
EU Will Increase Renewables Target: Timmermans, EU Climate Policy Chief Updated On Tue, Apr 12th, 2022 by Saurenergy Eliminating its dependence on Russian oil and gas seems to have a guaranteed a strong runway for renewables growth in the European Union. EU climate policy head Frans Timmermans has said that more ambitious targets are being developed for the EU for faster transition to renewable sources of energy. The announcement by Timmermans comes even […] Read more
Toyota-Maruti Suzuki’s Upcoming electric SUV Will Run 500 km in Single Battery Charge Updated On Mon, Apr 11th, 2022 by Saurenergy Global automakers Toyota and Maruti Suzuki are developing a midsized electric SUV, which will be the duo’s first substantial entry into the electric vehicles’ market. The five-seater SUV built on skateboard architecture known as 27PL, derived from Toyota’s 40PL, will be powered by localized battery and other body parts. The EV will be fitted with […] Read more
Former Tesla engineer-designed battery at Bengaluru startup gets European order Updated On Mon, Apr 11th, 2022 by Saurenergy In a boost to domestic manufacturing, one of the world’s most energy dense batteries designed by a former Tesla engineer for a Bengaluru-based battery startup has been picked up by a European renewable energy company, Eren Groupe, for its storage applications, the startup’s co-founder said on Sunday. The development has opened up possibilities of use […] Read more
Sungrow India Plant Output Hits 4 GW In Q1 of 2022 Updated On Fri, Apr 8th, 2022 by Saurenergy Sungrow, the leading global inverter solution supplier for renewables, has announced that its India factory hit a 4GW production record during the first quarter of 2022, a huge milestone of Sungrow’s contribution to the “Make in India” Initiative. India is one of the few markets outside of China where Sungrow has a production facility in […] Read more
New $100M fund launched for climate tech invt in North America, Europe Updated On Thu, Apr 7th, 2022 by Saurenergy VC firm Voyager Ventures has announced its first fund of $100M. Fund I invests in early-stage climate technology companies in North America and Europe. “We’re excited to back Voyager as a stand-out early-stage climate tech investing firm,” said Eva and Logan Green, CEO of Lyft. “We are impressed by Sarah and Sierra’s knowledge, operational expertise, […] Read more
51 MWh Vanadium Flow Battery Goes Online In Japan Updated On Thu, Apr 7th, 2022 by Saurenergy Japanese technology major and part of the eponymous conglomerate, Sumitomo Electric has announced the start of the largest vanadium redox flow battery (VRFB) energy storage systems in the northern Japanese island of Hokkaido from April 1. The battery is also one of the largest worldwide of its type. Sumitomo Electric said that the 17MW/51MWh VRFB […] Read more
