US Continues To Push For Grid Resiliency With $250 Million Financing For Georgia Updated On Thu, Oct 19th, 2023 by Saurenergy The Georgia Environmental Finance Authority (GEFA) and application partners Oglethorpe Power, Georgia Transmission, Georgia System Operations and Green Power EMC have joined the U.S. Department of Energy (DOE) Secretary Jennifer Granholm to announce that the partners have been selected as a grant recipient in the DOE’s Grid Resilience and Innovation Partnerships (GRIP) Program. The GRIP […] 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
Exeter Study Claims Solar ‘Tipping Point’, Challenges To Solar Growth Updated On Wed, Oct 18th, 2023 by Saurenergy Research from a team at the UK- based University of Exeter has come out with some provocative findings. The research claims that the world may have crossed a “tipping point” that will inevitably make solar power our main source of energy. The study, led by the University of Exeter and University College London, is part […] Read more
Finnish Energy Tech Firm Capalo AI Raises Pre-Seed Funding Worth €500,000 Updated On Wed, Oct 11th, 2023 by Saurenergy Finnish energy tech startup Capalo AI has raised €500,000 in pre-seed funding. The funding round was led by Innovestor Tech Fund, with Inventure also participating. Capalo AI will use the funding to further develop its virtual power plant (VPP) and multi-market optimization AI, as well as scale up its team with talented mathematicians and cloud service professionals. With the […] Read more
First Ever Future Contract Written on Lithium Battery Space between LOHUM & Log9 Updated On Thu, Oct 5th, 2023 by Saurenergy LOHUM, a sustainable energy transition materials producer, based in India and Log9, an Indian Deep Tech company specialising in Advanced EV battery technology have announced a strategic partnership. This partnership locks in weighted battery buyback prices for Log9, powered by LOHUM’s DETX™ ‘future purchase price’ prediction index for battery assets. This partnership aimed at addressing […] Read more
Mordor Intelligence Pegs 6.97% CAGR in 2023-28 for Distributed Solar Power Generation Updated On Tue, Oct 3rd, 2023 by Saurenergy A report release by Mordor Intelligence on distributed solar power generation market size forecasts that the market is expected to grow from USD 139.96 billion in 2023 to USD 196.03 billion. It is estimated that this growth is to be attained by 2028, at a CAGR of 6.97% during the forecast period (2023-2028). The report […] Read more
Li-ion Phosphate or Nickel Manganese Cobalt Oxide- Which Has More Potential? Updated On Thu, Sep 28th, 2023 by Saurenergy A report by the International Institute of Sustainable Development (IISD) titled ‘India’s Potential in the Midstream of Battery Production’ had shed light on the role of different technologies of batteries like Lithium-ion in the transition of automobile fuel. The report aims at mapping the EV adoption in India. The report says that the EV adoption […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] 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
