UAE To Invest in 300 MW Hybrid Project as Part of $2 Billion Investment in India Updated On Tue, Jul 19th, 2022 by Saurenergy Under the framework of the four-nation grouping ‘I2U2′ (India, Israel, USA and UAE), the United Arab Emirates will make an investment worth $2 billion to establish a series of integrated food parks across India. This decision was announced in the first virtual summit held under the leaders of the grouping — Indian Prime Minister Narendra […] Read more
Hindalco, Phinergy And IOP Forge Partnership For Development Of Aluminium-air Batteries Updated On Tue, Jul 19th, 2022 by Saurenergy Metal major Hindalco Industries Ltd has signed an MoU with Israel based battery maker Phinergy and IOC Phinergy Private Ltd (IOP). This collaboration will pave the way for Phinergy and IOP to work with Hindalco in India for R&D and pilot production of aluminium plates for Aluminium-Air batteries. It will facilitate recycling of aluminium, following […] Read more
US And Australia Ink New RE Pact To Break China’s Stranglehold Updated On Thu, Jul 14th, 2022 by Saurenergy The US has inked a pact with Australia to break China’s stranglehold on clean energy technology supplies, according to a news report published. Addressing a joint press conference, US Energy Secretary, Jennifer Granholm, and the Australian Climate Change and Energy Minister, Chris Bowen, announced a “net-zero technology acceleration partnership” that places a premium on improving […] Read more
Apollo Invests $175 Million in Summit Ridge Energy For Community Solar Projects Updated On Thu, Jul 14th, 2022 by Saurenergy Global conglomerate Apollo Global Management has revealed that it will be making an investment worth $175 million in Summit Ridge Energy, a leading owner-operator of community solar assets. Since it came into being in 2017, Summit Ridge has formed two joint ventures totaling more than $1 billion in permanent project capital. It has also expanded […] Read more
ReNew To Refinance Dollar-Denominated Bonds, First RE Player To Do So In India Updated On Wed, Jul 13th, 2022 by Saurenergy India renewable energy major ReNew Energy Global has announced that it has successfully refinanced its 2024 maturity dollar-denominated bonds with amortizing project debt from an Indian non-bank financial company. ReNew claims to have become the first Indian renewable energy company to have done this. The official statement of ReNew held that issued bonds worth $ […] Read more
Ola Electric Announces Domestic Production of Lithium-Ion Battery Cells Updated On Tue, Jul 12th, 2022 by Saurenergy Ola Electric has announced that they have succeeded in making a Li-ion cell indigenously. An important development that will support the Indian EV industry as India doesn’t have much organization in the manufacture of batteries for electric vehicles. Bhavish Aggarwal, the CEO of Ola Electric, revealed the creation of the lithium-ion cell’s success on Twitter […] 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
BII To Invest Up To Rs 1925 Cr In Mahindra’s 4-Wheeler Segment Updated On Fri, Jul 8th, 2022 by Saurenergy Indian multinational automotive manufacturer Mahindra & Mahindra (M&M) and the British International Investment (BII) have recently inked a pact which will facilitate investment of Rs 1,925 crore each in a wholly owned subsidiary of the home-grown auto major and form a new entity EV Co. As the name suggests, the focus will be on four-wheel […] Read more
Growing Prices Will Have No Effect On EV Adoption Updated On Fri, Jul 8th, 2022 by Saurenergy In this conversation with SaurEnergy, Anand Kabra, Vice-Chairman and MD of Kabra ExtrusionTechnik Limited, whose EV vehicles and storage division, Battrixx, has grown at a staggering rate in FY ’22, talks about the firm’s plans and market in India. Battrixx, founded in 2018, is a division of Kabra Extrusion Technik Ltd, which belongs to the […] Read more
