Honeywell to Supply BESS of 124 MWh to US Virgin Islands Updated On Wed, Dec 13th, 2023 by Saurenergy Honeywell will supply VIElectron, its first installation of battery energy storage solutions (BESS) for six solar parks located across the US Virgin Islands. The BESS, which is for a capacity of 124 MWh, will boast an end-to-end battery management system (BMS). The solar array of 140 MWDC and BESS will help the islands meet 30% […] Read more
Hindalco to Infuse INR 800 Cr for Battery Foil Manufacturing Facility Updated On Tue, Dec 12th, 2023 by Saurenergy Hindalco Industries, the world’s largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The firm is investing INR 800 crore to build a new plant near Sambalpur in […] Read more
With IRA Boost, Energy Storage Demand Likely To Surge Six-Fold: SEIA Updated On Mon, Nov 20th, 2023 by Saurenergy The Solar Energy Industry Association (SEIA) has released a report stating that over the next one decade, lithium-ion battery would witness a surge in global demand due to the unprecedented investment in solar. This was attributed to the production incentives bolstered through the Inflation Reduction Act (IRA) in the United States (US). SEIA’s report titled, […] Read more
US Continues Clean Energy Support With $3.5 Billion For Battery Manufacturing Updated On Fri, Nov 17th, 2023 by Saurenergy As part of its Bipartisan Infrastructure Law, the Biden administration in the US has announced a new round of federal funds to underpin a strong domestic manufacturing. Administered by the Department of Energy (DoE) this $3.5 billion package is the second part of a large $6 billion-plus program that started awarding funds to applicant firms […] Read more
Servotech Introduces Subsidiary Delving in EV CPO Business Updated On Sat, Nov 11th, 2023 by Saurenergy Servotech Power Systems Ltd, India’s premier EV charger manufacturer, has declared the creation of its wholly owned subsidiary, Servotech EV Infra Pvt. Ltd. to foray into the EV Charge Point Operator business. The subsidiary will act as a CPO and install EV charging stations across India. Servotech EV Infra Pvt. Ltd. aims to establish 5000 […] Read more
Battery Materials Firm lands $100 m Grant From US DoE Updated On Thu, Nov 2nd, 2023 by Saurenergy Battery materials company Novonix has secured a $US100 million grant from the US Department of Energy which will support expanded production of synthetic graphite anode materials at its production facility in Tennessee. The company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite anode material manufacturing operations, and has developed an all-dry, […] Read more
Honeywell Ventures EV Industry Safety Solutions in India Updated On Mon, Oct 30th, 2023 by Saurenergy USA based multinational Honeywell has announced bringing EV industry safety solutions to India. The firm has a portfolio of EV industry safety solutions. It also offers lithium-ion (li-ion) battery safety sensors, which help gauge potential battery fires. The firm’s suite of personal protective equipment (PPE) and gas detection solutions play a crucial role in safeguarding […] Read more
EV Maker Ola Takes Home INR 3,200 in Fundraising Round Updated On Fri, Oct 27th, 2023 by Saurenergy Bengaluru’s electric vehicle firm Ola Electric has closed INR 3,200 crore in its fundraising round. The funds were raised from from marquee investors led by Singapore-based Temasek and project debt from State Bank of India respectively. The funds would be used be employed towards the expansion of Ola’s EV business and the establishment of a […] Read more
Slowly And Steadily, Battery Storage Builds Up To Make The Renewables Case Stronger Updated On Thu, Oct 19th, 2023 by Saurenergy The announcement by Plus Power LLC of $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy should be welcomed. The news comes at a time when detractors have been challenging the relevance […] Read more
