Hyundai, Kia & LG Chem Looking to Invest in EV and EV Battery Startups Updated On Tue, Jun 23rd, 2020 by Saurenergy Hyundai, Kia and LG Chem are jointly sponsoring a global competition to identify up to 10 EV and battery startups for potential investment and collaboration With demand for EVs growing, Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to […] Read more
Govt Drafts New Battery Waste Management Rules; Seeks Suggestions Updated On Fri, Feb 28th, 2020 by Saurenergy The government has drafted new rules for battery waste management that will make it the responsibility of manufacturers, importers, assemblers and re-conditioners to collect used batteries against the new ones sold by them. According to an official notification, the proposed draft rules known as the ‘Battery Waste Management Rules, 2020’ include all kinds of batteries as listed in the Schedule-I, regardless […] Read more
Lithium-Ion Battery Market to Grow at 22.58% CAGR: Report Updated On Fri, Dec 27th, 2019 by Saurenergy The lithium-ion (Li-Ion) battery market is expected to grow at a CAGR of approx. 22.58 percent, during the forecast period between 2018-2025, said Mordor Intelligence in its report. According to the market intelligence and advisory services provider firm, the major factors driving the market includes – emergence of new and exciting markets; via electric vehicle (EV) and energy storage […] Read more
Recycling Lithium-ion Batteries a $1,000 Mn Opportunity in India Updated On Wed, Sep 25th, 2019 by Saurenergy The lithium-ion batteries market is expected to grow exponentially in the next five years in India, and a new analysis has predicted the recycling of such batteries could present a USD 1000 million opportunity by 2030 The lithium-ion batteries market is expected to grow exponentially in the next five years in India. Some of the […] Read more
India Mulls Subsidies for Battery Manufacturing Updated On Tue, Aug 6th, 2019 by Saurenergy The government is in the process of zeroing down a direct subsidy plan for battery manufacturing in the country. The government is working on a direct subsidy plan of about Rs 700 crores which will aim to attract Indian as well as foreign firms to play a part in domestic manufacturing of batteries. Benefits such […] Read more
Tesla Introduces New Battery for Utility Scale Energy Storage Updated On Wed, Jul 31st, 2019 by Saurenergy To match global demand for massive battery storage projects, Tesla has designed a new battery product specifically for utility-scale projects: Megapack. Two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia using Tesla Powerpack batteries. Since then, the facility saved nearly USD 40 million in its first year alone and helped […] Read more
RK Singh asks Battery Makers to Set-up Units in India; Assures all Possible Support Updated On Sat, Mar 24th, 2018 by Saurenergy The future bids will be for solar/ wind hybrid coupled with storage, says Singh. The Union Minister of Power and New & Renewable Energy R. K. Singh held talks with battery manufacturers and discussed with them about the creation of an ecosystem for incentivising battery manufacturing in India. During talks, the Minister exhorted the industry […] Read more
Narada Power Established Lower Level Lithium Battery Recycler Updated On Wed, Nov 15th, 2017 by Saurenergy The technology will carry out lithium recycling and new materials business and to open up the lithium battery industry chain. The Narada Power which is headquartered in China’s Hangzhou, known for using various types of lead acid and lithium batteries in its storage systems, along with other technologies such as fuel cells announced of establishing […] Read more
Odisha’s RE Market Can Attract Rs.1.5 Trillion Investments: CEEW Updated On Fri, Jan 31st, 2025 by Saurenergy Odisha has the potential to create approximately 10 lakh new full-time equivalent (FTE) jobs across three green sectors — energy transition, circular economy, and bio-economy and nature-based solutions— and attract INR 3.5 lakh crore (~USD 42 billion) in investments by 2030, reveals a study by the Council on Energy, Environment and Water (CEEW). The study […] Read more
