Blume Ventures Invests $2.5 Million in Solar Financing Platform Aerem Updated On Tue, Jul 12th, 2022 by Saurenergy Mumbai-based solar financing platform, Aerem has raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based capital firm. The funding money ($2.5 Million) raised will go toward expanding the loan book, developing the technological platform that will enable seamless, end-to-end digital engagement with diverse stakeholders, and hiring teams that include […] Read more
BP And Thyssenkrupp Steel Sign MoU On Supply Of RE In Steel Production Updated On Tue, Jul 12th, 2022 by Saurenergy British Oil major BP and German metal working giant Thyssenkrupp Steel have signed an MoU to ensure long-term supply of low carbon hydrogen and renewable power for steel production. Among the renewable options for both the companies are blue hydrogen, green hydrogen, wind and solar generation through solar purchase agreements. Steel accounts for 8-11% of […] Read more
Significant Employment Growth in Electric Vehicle Sector, Women At The Forefront: Report Updated On Tue, Jul 12th, 2022 by Saurenergy A new study by CIEL Human Resources Services has revealed that the employment growth in the electric vehicle segment in the past two years has been a staggering 108 per cent. As far as different trades of works are concerned, the report found that the engineering department was dominant in hiring. Thereafter, operation and sales, […] Read more
GMR Hyderabad Airport Saves Rs 10 Cr By Employing Solar Power Updated On Mon, Jul 11th, 2022 by Saurenergy As per GMR Hyderabad International Airport Ltd (GHIAL), it has saved Rs 10 crore in the last one year since it has employed solar power to power airport operations. According to the information tendered, GHIAL owns solar power capacities totaling 10 MW. The entity had commissioned a 5 MW solar power plant meant for the […] Read more
Chhattisgarh Has A New EV Policy, Announces SOPs To Develop State As EV Manufacturing Hub Updated On Fri, Jul 8th, 2022 by Saurenergy The Chhattisgarh government approved its electric vehicle (EV) policy on July 7 following in the footsteps of the states like Delhi, Haryana etc. The policy exempts the EV buyers from road tax and registration fee in an attempt to woo more people to purchase EVs and to relieve the tension arising from multiple hikes in […] Read more
Power Finance Corp Signs Loan Agreement With Japan Bank For JPY 30 Billion Updated On Fri, Jul 8th, 2022 by Saurenergy An Indian financial institution under the ownership of the Ministry of Power, Power Finance Corp (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC). Through this loan agreement, Power Finance Corp will seek JPY 30 billion as loan amount from JBIC. As part of its “Global action for Reconciling Economic growth […] Read more
IRENA Releases Reports On Global Hydrogen Trading Trends In 2050 Updated On Fri, Jul 8th, 2022 by Saurenergy A new report by International Renewable Energy Agency (IRENA) has said that to make the trade of hydrogen cost-effective, the costs of producing and trading green hydrogen must be lower than domestic production to offset higher transport cost. Hydrogen trade can contribute to a more diversified and resilient energy system, allowing countries to decarbonise their […] Read more
Rolls-Royce Sets Foot Into Hydrogen Electrolyser Business Updated On Fri, Jul 8th, 2022 by Saurenergy Rolls Royce has announced its entry into hydrogen production as it is acquiring a 54 per cent stake in Hoeller Electrolyzeris, an electrolysis stack specialist. Rolls Royce will boasts of innovative technology to form the basis of a new range of mtu electrolyzer products from its power systems division. Hoeller Electrolyzer in Wismar, Germany, is […] Read more
At Tata Power AGM, 30 GW Capacity Target For 2027 Firmly in Sight Updated On Fri, Jul 8th, 2022 by Saurenergy On the back of a strong set of results in FY 22, Tata Power Chairman Natarajan Chandrasekaran, iterated the firm’s focus on renewables at the Annual general Meeting of shareholders. Capex of Rs 75,000 crores over the next 5 years in renewables is expected the take the share of renewables to over 60% during the […] Read more
