Budget 2022. Domestic Manufacturers Smile, Rest Stay With Wait And Watch Updated On Tue, Feb 1st, 2022 by Saurenergy Finance Minister Nirmala Sitharaman’s Budget 2022 announcements for the renewable sector might have seemed relatively few beyond the key announcement of an additional Rs 19500 crore the PLI scheme, but industry players have focused on the many positives beyond that. Vineet Mittal, Chairman, Avaada Group, besides highlighting the PLI move and the announcement of green […] Read more
Budget 2022. Keep Up The Good Work, Says FM To RE Sector Updated On Tue, Feb 1st, 2022 by Saurenergy In her shortest budget speech till date in four years, Finance Minister Nirmala Sitharaman stuck to the big picture, leaving the fine details of the budget to be understood later. It would be safe to say that with key reform measures still in the pipeline, such as the Electricity (Amendment Bill) Bill, we might see […] Read more
Tube Investments to form Subsidiary to Increase Focus on Clean Mobility Updated On Tue, Jan 25th, 2022 by Saurenergy Murugappa group company Tube Investments of India (TII) will form a new 100% subsidiary which will consolidate its electric three-wheeler and other EV-related ventures. Through this clean mobility subsidiary, Tube Investments of India (TII) will acquire around 70% controlling stake in Cellestial E-Mobility for an investment of Rs 161 crore. The acquisition would be through […] Read more
ABC’s Advanced Lead Acid Batteries Find a Taker In Greencore EV Stations Updated On Tue, Jan 25th, 2022 by Saurenergy Advanced Battery Concepts, LLC (“ABC”) and GreenCore EV Services LLC (“GreenCore”) have announced the signing of an Memorandum of Understanding (MOU) whereby ABC will begin supplying its patented GreenSeal® storage batteries to thousands of Solar Electric Vehicle (EV) Charging Plazas being installed by GreenCore across the United States. Under this arrangement, ABC will manufacture and […] Read more
Bengaluru to get 1500 e-buses under Centre’s ‘Grand e-Mobility Challenge’ Updated On Mon, Jan 24th, 2022 by Saurenergy If all goes to plan, Bengaluru will get 1,500 electric buses under the Centre’s ‘Grand Challenge’ plan. Convergence Energy Services Ltd (CESL), a PSU under the Union ministry of power, recently unveiled a tender worth Rs 5,500 crore to induct 5,580 e-buses (5,450 single-decker and 130 double-decker ones) across the country. Bengaluru is expected to […] Read more
Solid State Batteries Get A Vote of Confidence With $200 Million For Factorial Energy Updated On Mon, Jan 24th, 2022 by Saurenergy Massachusetts, US based Solid State Battery maker Factorial Energy has raised $200 million as part of a Series D round of funding, led by Mercedes-Benz and Stellantis. The startup said that the money will help commercialise its solid state batteries for use in EV’s and more faster. Factorial Energy has developed a 40 Ah version of solid-state […] Read more
The Sodium Ion Batteries Behind Reliance’s $135 million Purchase of Faradion Updated On Sat, Jan 22nd, 2022 by Saurenergy When Reliance announced the outright purchase of UK based Faradion Limited on the last day of 2021, it was widely seen as one more brick in the renewable edifice that Reliance has committed itself to. The Faradion investment was the 6th major investment by the firm into technologies or competency in the renewable space. But […] Read more
After Record 2021, Rooftop Solar Likely To Face Headwinds In Australia Updated On Sat, Jan 22nd, 2022 by Saurenergy Solar power in Australia is a fast growing industry. As of September 2021, the country had an installed photovoltaic capacity of 23,466 MW, of which at least 4,117 MW had been installed in the preceding 12 months. Notably, the installed PV capacity in Australia increased tenfold between 2009 and 2011 and quadrupled between 2011 and 2016. […] Read more
LG Energy Solution’s $10.7 Billion IPO And Its Probable Impact Updated On Fri, Jan 21st, 2022 by Saurenergy The successful completion of LG Energy Solutions’s $ 10.8 billion IPO in South Korea values the battery maker at about $59 billion makes it the third largest listed firm on the Korean Kospi index, behind electronics giant Samsung and Hynix. The successful IPO signals just how large, and tough, the future of the battery business […] Read more
