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Momentum Solar

India’s Lithium Battery Recycling Gets Boost with New Rules

In a big boost to the nascent lithium battery recycling industry in India, the environment ministry has announced new Battery Waste Management Rules, 2022, establishing responsibilities of producers, dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of batteries, including rechargeable Lithium-ion batteries used in electric vehicles. The […]

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Norwegian Battery Startup Freyr Signs 38 GWh Battery Deal with Japan’s Nidec

Norway-based next generation battery developer FREYR, and Japan-based energy storage system (ESS) and high-efficiency electric motors manufacturer, Nidec Corporation, have announced the finalization of an expanded 38 GWh battery cell sales agreement for the period 2025 – 2030. The companies have also agreed to form a joint venture, in which Nidec will hold a super-majority […]

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Sungrow Announces 9 GW Cumulative Shipment in LATAM, Debuts Products

Leading global inverter solution supplier for renewables, Sungrow has revealed that its cumulative shipment to Latin America hit 9 GW at Intersolar South America 2022 this week. The company also debuted its “1+X” Modular Inverter, the SG350HX string inverter as well as the new commercial and residential innovation, fueling the energy transition and improving the […]

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US Nanotech Developer UbiQD Awarded SBIR Contracts By US Air Force

UbiQD, a US-based nanotechnology development firm, has said that the US Air Force (AFWERX Program) had alloted it Small Business Innovation Research (SBIR) contracts. The current phase II contract funds two installations totaling more than 20 windows in addition to continuing to scale up and develop WENDOWTM, a quantum dot-tinted photovoltaic window technology from UbiQD. […]

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India Added 1.9GW Of RE Open Access Capacity In FY22

The falling costs of renewable energy and the decarbonisation goals of commercial and industrial consumers are driving the uptake of renewable energy open access power. The renewable energy open access (OA) market, which has been expanding in almost all key renewables-rich states in recent years, will continue to overcome policy hurdles to grow organically in […]

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Industry Reacts: Electricity (Amendment) Bill 2022

As the Electricity Amendment Bill (2022) finds itself drawing the ire of the opposition parties, some farmer organisations, and even employees from the public sector power sector, who are vehemently opposing it, industry leaders speak exclusively to Saur Energy International to offer their views on the Bill that has become synonymous with controversy. What The […]

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QuantumScape Q2 2022 Report: Soon To Deliver 24-layer A sample

QuantumScape (QS), the firm with the highest hopes riding on its solid state battery tech has released its second quarterly (Q2) 2022 report, updating the public on its progress in scaling affordable, energy dense cells for future EVs. The battery manufacturer has been in the business for the past decade. Yet, the firm has only […]

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From $316.05M To $530.2M, Enphase Almost Doubles Revenue in Q2 2022

California-based microinverter manufacturer Enphase Energy has announced its consolidated results for the second Quarter ending June 2022. Enphase reported a 42.2% non-GAAP gross margin & $530.2 million in revenue in the second quarter of 2022, while the second quarter of 2021 was $316 million along with a 40.8% non-GAAP gross margin. In Q2 of 2022, Enphase […]

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Global Energy Perspective Year 2022 by McKinsey

Mckinsey & Company  has released its study on Global Energy Perspective 2022. In this Global Energy Perspective 2022 report, Mckinsey & Company gave detailed information about Net Zero carbon emissions & other goal of more than 60 countries. Additionally, 60% of Fortune 500 corporations pledge to meet these decarbonization targets. The global energy revolution is […]

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