IRA to Swell US Renewables Investment to $114 Billion: Wood Mackenzie Updated On Fri, Jan 20th, 2023 by Saurenergy A new report by Wood Mackenzie says that the Inflation Reduction Act (IRA), a Biden law that accelerates renewables and decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. It said that a rise from $64 billion in 2022 to nearly $114 billion is expected by 2031. The […] Read more
SWRE Net Loss Contracts To Rs 99 Cr In December Quarter Updated On Fri, Jan 20th, 2023 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has narrowed its consolidated net loss to Rs 99.15 crore in the third quarter ending December. Sterling and Wilson said that the reduction in the losses is caused mainly due to lower expenses. With an EPC portfolio of close to 13 GW and an […] Read more
EV Battery-Tech Startup Log9 Materials Sweeps Over $11 Mn in Series B Round Updated On Tue, Jan 17th, 2023 by Saurenergy Battery platform for electric vehicles Log9 Materials has scooped up over $11 million in a Series B round, which was led by PTV International Ventures. Participants in the Series B round included SiriusOne Capital, Cornerstone Ventures, among others. This is seemingly an extension of the Series B round, which is followed by the the Rs […] Read more
NY’s Verizon Communications Crosses 3 GW Projected Renewable Energy Capacity Updated On Fri, Jan 13th, 2023 by Saurenergy New York-headquartered Verizon Communications has announced that it has signed four new long-term renewable energy purchase agreements (REPAs) for an aggregate of up to 410 MW of renewable energy capacity. The official statement of Verizon held that with four new agreements, Verizon has surpassed 3 GW of total projected renewable energy capacity, as it continues […] Read more
Sterling Generators Eyes Strong Growth, Unveils New Identity Updated On Wed, Jan 11th, 2023 by Saurenergy Mumbai-based Sterling generators, a strong player especially in the large capacity segment, is expecting a strong growth path on the back of changing markets and its strong partnerships. Announcing its plans at a media interaction, the firm’s Chairman, Khurshed Daruvala, and CEO, Sanjay Jadhav, stressed on the company’s strong project management competencies and quality global […] Read more
H2Carrier, Anori to Develop ‘Wind Energy to Green Ammonia’ Project in Greenland Updated On Wed, Jan 4th, 2023 by Saurenergy A letter of Intent has been signed between Norway-based floating energy production and storage maker H2Carrier and Greenland-based Anori for the construction of the first commercial wind farm in Greenland and the use of green energy subsequently for the production of green ammonia. The end product will also be exported to international markets, as per […] Read more
Log9 Materials & 3eco Forge Partnership for 2,000 InstaCharged EVs Updated On Wed, Jan 4th, 2023 by Saurenergy Three Wheeler EV fleet operator 3eco Systems and advanced battery-tech and deep-tech startup Log9 Materials have forged a strategic partnership for the deployment of Shakti 8 Cargo (S8Ci). The partnership will pave the way for the deployment of over 2,000 InstaCharged heavy duty EVs across India in the span of the the next 18 months. […] Read more
Torrent Power Mulls Over Buying 1.1 GW Clean Energy from ReNew Energy Global Updated On Mon, Jan 2nd, 2023 by Saurenergy Ahmedabad-based Torrent Power, that looks into the generation, transmission and distribution of power, is in the midst of discussions with ReNew Energy Global Plc for the purchase of clean power projects, the capacity of which will stand at 1.1 GW. Sources have revealed that the deal is valued at $1.2 billion. ReNew Energy Global Plc […] Read more
India’s EV Charging Roll Out, ‘Patla Pin’ Magic, And More Challenges Updated On Tue, Dec 27th, 2022 by Saurenergy For a nation that embraced the mobile phone with breakneck speed, pricey prices notwithstanding, the heyday of Nokia phones in the late 90s and through early 2000s became synonymous with the thin-pin charger, which was very popular and ubiquitous at the time. Such was its ubiquity that it was assumed that everyone or every home […] Read more