Shakti Pumps Records Exports Growth by 12.7% YoY in Q2FY24 Updated On Mon, Nov 6th, 2023 by Saurenergy Shakti Pumps (India) Limited, a manufacturer of stainless-steel submersible pumps, pressure booster pumps, pump-motors, controllers, and inverters among other products, today announced the financial results for the quarter and half year ended September 30, 2023. Shakti Pumps (India) Limited Chairman, Dinesh Patidar, commented on the performance, “We are delighted to report that this has been […] Read more
IRA Can Lead To Creation of 4L Jobs In US, Says Report Updated On Fri, Nov 3rd, 2023 by Saurenergy A latest report analysing the performance of the Inflation Reduction Act (IRA), in the US in the first-year claimed that the move could lead to the creation more than 400,000 new jobs and hundreds of billions of dollars of investments. The report was released by E2 a business group. It shared the update on the […] Read more
IEX Reports PAT Exceeding 21% in Q2FY24 Against Q2FY23 Updated On Fri, Nov 3rd, 2023 by Saurenergy The IEX (Indian Energy Exchange) has declared its unaudited consolidated financial results for the second quarter ending September 30, 2023. Particulars Q2FY23 Q2FY24 YoY Total Volume (in BU) 23.1 26.5 14.6% Total Revenue 113.8 133.0 16.9% Total Operating Expense 16.3 16.6 1.8% EBITDA 97.5 116.4 19.4% Finance, Depreciation & Amortization Cost 5.0 5.8 16.0% Share […] Read more
UAE Rising: Top 5 Reasons Why This Gulf State Is A Renewable Leader Updated On Wed, Nov 1st, 2023 by Saurenergy The United Arab Emirates (UAE), one of the smallest members of the OPEC cartel, and among Arab nations, continues to remain one of the world’s energy powerhouses. While ranking 116th in size, the country has continued to retain a rank as the world’s 8th largest producer of crude oil. But the country is making headlines […] Read more
US Bipartisan Infra Law To Create $8.3bn In12 Years: DOE Updated On Wed, Nov 1st, 2023 by Saurenergy The Department of Energy (DOE) in the United State recently announced Twin States Clean Energy Link, the National Grid’s proposed transmission project. This project will support New England’s climate, clean energy, and energy security goals. This was selected as one of three projects nationwide to receive investment through the US Bipartisan Infrastructure Law’s Transmission Facilitation […] Read more
Sungrow Takes Top Spot in BESS Integrator Market in 2022: Wood Mackenzie Updated On Tue, Oct 31st, 2023 by Saurenergy Wood Mackenzie has released a report shedding light on the BESS Integrator market share rankings basis the number of BESS shipments in megawatt-hour (MWh) in 2022. The report finds that the global Battery Energy Storage Systems (BESS) integrator market has grown increasingly competitive in 2022. The top five global system integrators account for 62% of […] Read more
EU PPA Market Shines with 7.8 GW of New RE Contracts To Date Updated On Fri, Oct 27th, 2023 by Saurenergy RE-Source Platform, a corporate renewable energy platform for energy buyers and suppliers, has made significant observations about the rising volumes of corporate PPAs signed for renewable energy in the EU. The Platform has made the following observations and recommendations to facilitate PPAs- Record-breaking year in the EU PPA market with companies procuring 7.8 GW of […] Read more
p-type technology is going to die out: Tanmoy Duari, Axitec Energy Updated On Wed, Oct 25th, 2023 by Saurenergy Axitec Energy, headquartered at Germany, is making its presence felt in the international markets of USA, Brazil, Turkey, Australia, Vietnam with a strong presence in India, where it is looking at planned capacity of n-type TOPCon solar modules of 300 MW in Gujarat and 300 MW in Tamil Nadu. Tanmoy Duari, CEO, Axitec Energy speaks […] 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
