Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets Updated On Wed, Sep 27th, 2023 by Saurenergy Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […] Read more
Norwegian Battery Maker Morrow Nets €100m Equity Funding Updated On Wed, Sep 27th, 2023 by Saurenergy Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […] Read more
JA Solar to Supply Solar Modules to 150 MW Solar Project in Bangladesh Updated On Mon, Sep 25th, 2023 by Saurenergy China’s solar firm JA Solar has entered into an agreement with Paramount Group- an energy conglomerate based in Bangladesh. The agreement paves the way for JA Solar to provide solar modules for solar power plant project of 150 MW capacity. Poised to be the largest solar project in Bangladesh in 2023, it is slated for […] Read more
CNGR, Al Mada Partner For $2 Billion EV Battery Plant in Morocco Updated On Fri, Sep 22nd, 2023 by Saurenergy Chinese battery components manufacturer CNGR Advanced Material and the African private investment firm Al Mada have unveiled plans to establish an industrial hub in Jorf Lasfar, Morocco. This project will entail an investment of $2 billion. This collaborative endeavor was officially disclosed through a joint statement by the two firms. The two entities are currently […] Read more
Solar Module Prices Continue To Search For Bottom As Cell Prices Decline Further Updated On Wed, Sep 20th, 2023 by Saurenergy PV Infolink, the Chinese solar research consultancy whose weekly spot prices bulletin serves as a key indicator for many, has, in its latest report, continued to bring bad news for manufacturers. Bad, because even as one would assume price drops are good for developers and eventually consumers, the persistent weakness risks putting growth at risk […] Read more
TrinaTracker Gets 108 MW Solar Tracker Order from Colombia Updated On Tue, Sep 19th, 2023 by Saurenergy TrinaTracker, the wholly owned Single Axis Tracker manufacturer subsidiary of Trina Solar, has entered into a solar tracker supply agreement with Power Construction Corporation of China (POWERCHINA). Under the agreement, TrinaTracker will be responsible for supplying Colombia’s Tepuy Solar PV Park with smart tracking systems. This will entail the firm’s Vanguard 1P trackers, smart algorithms […] Read more
Trina Solar To Set Up US Plant To Hedge Against Tariff Risks Updated On Mon, Sep 18th, 2023 by Saurenergy Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend USD200 million on a solar panel plant in Texas, the United States. The move comes even as Chinese firms remain embroiled in tariff related issues for sales in the US, a key export market. Earlier, Trina has also […] Read more
Grumblings From European Solar Manufacturers Start Over Falling Prices Updated On Mon, Sep 18th, 2023 by Saurenergy At SaurEnergy, even as solar manufacturing has been incentivised, pushed and supported by every means possible, we have regularly highlighted the need to consider the sustainability of it all. Well, the first rumblings have already started, not from the manufacturers who are establishing new capacities, but from already established players in Europe. In an open […] Read more
Lithium Battery Recycling In Focus With $542 Million Funding For Ascend Elements Updated On Wed, Sep 13th, 2023 by Saurenergy The battery recycling market in the US has heated up with the announcement from Ascend Elements, of a huge $542 million in Series D funding. Ascend had earlier been granted massive grants of over $400 million by the Department of Energy, and the latest fund raise makes it one of the largest U.S. cleantech equity […] Read more
