BILITI Electric Gets Financing Approval from SIDBI for its GMW Taskman Autos Updated On Mon, Jun 13th, 2022 by Saurenergy California-based BILITI Electric Inc announced that the Small Industries Development Bank of India (SIDBI) has approved loans to those who are interested in purchasing GMW Taskman Electric 3W Autos, through its ‘Digital Prayaas’ program. ‘Digital Prayaas’ is an App-based end-to-end digital lending platform to facilitate access to low-cost borrowings for micro-entrepreneurs/micro-enterprises. Further, to cater to […] Read more
India needs $7.2 billion to promote integrated solar module manufacturing: CEEW-CEF Report Updated On Fri, May 13th, 2022 by Saurenergy The CEEW Centre for Energy Finance (CEEW-CEF) said in a report on May 12 that India needs USD 7.2 billion in investments in the next three to four years to boost integrated solar module production. Released yesterday, the report added further that the push to improve local manufacturing could help domestic module manufacturers clock $30 […] Read more
US startup raises $4.2 M to make affordable Green H2 for heavy industry Updated On Fri, Apr 29th, 2022 by Saurenergy Advanced Ionics, a US-based provider of next-generation industrial electrolyzers that can produce green h2 for less than $1/kg, has announced the closing of its initial financing of $4.2 million led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from SWAN Impact Network. “By requiring significantly less electricity than […] Read more
Log9 Materials Commissions Cell Manufacturing Facility At Bengaluru Updated On Fri, Apr 22nd, 2022 by Saurenergy Bengaluru-headquartered advanced battery-technology and deep-technology startup Log9 Materials has started India’s first indigenously-developed cell manufacturing facility at Log9 campus, Jakkuru, Bengaluru. Making cells indigenously is a key target for the country’s self reliance plans and to meet future electric mobility goals. This state-of-the-art cell manufacturing facility built by Log9 is going to be South East […] Read more
Rs 18,100 crore Battery PLI Finally Picks 4 Firms Updated On Fri, Mar 25th, 2022 by Saurenergy Confirmation has finally come that the four companies selected for the Advanced Cell Chemistry (ACC) or the Battery PLI scheme ACC Storage are Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited. These companies will received the first slew of incentives to support cell production […] Read more
Adani opens Hydrogen gambit in Fuel cell pact with Ballard Power Updated On Tue, Feb 22nd, 2022 by Saurenergy The Gautam Adani-led Adani Group, which has announced a massive plan to stay on top of the renewable energy space in India and even the world, has just announced its first big move into the green hydrogen space. The firm has announced the signing of a non-binding pact with Nasdaq-listed Ballard Power Systems to evaluate […] Read more
Tata Group declines to participate in ‘EV Battery’ PLI Scheme Updated On Wed, Feb 9th, 2022 by Saurenergy The Tata Group, which is a key player in the country’s transition to clean energy, has decided to not participate in the government’s massive Rs 18,100-crore production-linked incentive (PLI) for the EV Battery development in the country. The Tata Group found that the return on the risks involved in the segment looks unfavourable for them. […] Read more
Europe’s Metal Industry Asks EU to Help it Deliver Energy Transition Updated On Tue, Jan 18th, 2022 by Saurenergy Industry association Eurometaux has asked EU policy-makers to allow member states to support domestic producers of aluminium, zinc and silicon with state aid to ensure supplies of the metals crucial for the transition to low carbon energy. The European Union has a goal to reduce net greenhouse gas emissions by 55% from 1990 levels by […] Read more
Ohmium Ships Its First “Made in India” Hydrogen Electrolyzer Unit To The US Updated On Wed, Nov 24th, 2021 by Saurenergy US firm Ohmium International, through its Bengaluru based Indian subsidiary enArka India Private Limited, has shipped its first unit of electrolyzer from India to the United States, as a first step towards establishing India as a global hub for green hydrogen generation. The electrolyzer has been manufactured by Ohmium at its Bengaluru plant, India’s first […] Read more
