Include Hydrogen Fuel Cell EVs in FAME-II: Delhi HC Directs DHI Updated On Wed, May 19th, 2021 by Saurenergy The Delhi High Court today ordered the Department of Heavy Industries to acknowledge including Hydrogen Fuel Cell electric vehicles (EVs) and Hydrogen refueling infrastructure under Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) scheme. Fuel Cell India, an initiative dedicated to promoting Renewable and Hydrogen Energy & Fuel Cells in India has […] Read more
Global EV Market To Reach $802.75 Billion By 2028: Report Updated On Tue, May 18th, 2021 by Saurenergy A recent study report by Market Growth Report, says that the electric vehicle (EV) market is expected to reach USD 802.75 billion by the year 2028, growing at a Compound Annual Growth Rate (CAGR) of 21.6 percent during the forecast period, 2021 – 2028. This market size was estimated to be valued at USD 273.31 billion […] Read more
How Cities Can Take Action to Drive the Energy Transition: IRENA Updated On Tue, May 18th, 2021 by Saurenergy The dominance of fossil fuels in the urban energy supply puts cities on the frontline of climate change. Cities account for about 75% of global primary energy use and are responsible for 70 per cent of energy related greenhouse gas (GHG) emissions, making them key actors in both national and global efforts to transition to […] Read more
DCPSC Awards Contract to Study Integration of Distributed Energy Resources in the District Updated On Mon, May 17th, 2021 by Saurenergy Award will subcontract 63% of the contract value to certified business enterprises The Public Service Commission of the District of Columbia (Commission) has awarded a contract to Synapse Energy Economics, Inc. (Synapse) to conduct a study on how distributed energy resources (DERs) can help the District achieve its clean energy goals of 100% renewable energy by […] Read more
JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment Updated On Mon, May 17th, 2021 by Saurenergy JPMorgan Chase today released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement. As part of its Paris-aligned financing commitment announced last fall, the firm has published 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. JPMorgan […] Read more
Hyundai Motor Group to Invest $7.4 billion in U.S. EV industry by 2025 Updated On Fri, May 14th, 2021 by Saurenergy In a press release yesterday, Hyundai Motor Group (HMG), comprising Hyundai Motor Company and Kia Corporation, announced its plan to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions. The group’s investment will enhance overall product competitiveness by prioritising future mobility technologies, […] Read more
Industry Welcomes Cabinet Approval for PLI Scheme for ACC Battery Storage Updated On Fri, May 14th, 2021 by Saurenergy IESA and its member companies have welcomed the Cabinet’s approval of the PLI Scheme on Advanced Chemistry Cell (ACC) Battery Storage India Energy Storage Alliance (IESA), India’s leading alliance on energy storage & e-mobility and its member companies have welcomed the Cabinet’s approval on the proposal by the Department of Heavy Industry for implementation of […] Read more
PLI Scheme for Battery Storage Will Lower Cost of EVs in India: SMEV Updated On Fri, May 14th, 2021 by Saurenergy SMEV has said that the PLI scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) The Society of Manufacturers of Electric Vehicles (SMEV) has said that the production linked incentive (PLI) scheme for promoting battery storage will lead to the reduction of cost on purchase of electric vehicles (EVs) thereby […] Read more
IEA Upgrades Solar To Energy ‘King’ In Outlook for 2021, 2022 Updated On Wed, May 12th, 2021 by Saurenergy The International Energy Agency (IEA), in its latest Energy market update, has flagged renewables as the only category which saw demand increase. based on this, and the competitive filed for renewables versus other energy options, the agency sees a solid future ahead for renewable energy, particularly Solar. For India, which has been hit hard by […] Read more
