Smarter E AWARD – Photovoltaics Category 2024 Winners Announced Updated On Fri, Jun 21st, 2024 by Saurenergy The Smarter E AWARD 2024 has been announced, celebrating a new set of winners who are transforming the dynamics of energy and mobility through their innovative products and solutions. The Smarter E AWARD seeks to honour concepts and technologies that contribute to a 24/7 renewable energy supply. The award encompasses five categories: Photovoltaics, Energy Storage, […] Read more
Hindustan Zinc, AEsir Technologies Join Hands To Develop Zinc Batteries Updated On Fri, Jun 21st, 2024 by Saurenergy As part of its efforts to bolster the ongoing global energy transition, Hindustan Zinc Limited (HZL), an Indian-based zinc producer, has signed an MoU (memorandum of understanding) with AEsir Technologies. AEsir Technologies Inc. is a US-based company specializing in zinc battery technologies. Under this MoU, Hindustan Zinc becomes the preferred supplier of Zinc, a key […] Read more
Amara Raja Invests €20mn to Increase Stake In Battery Tech Firm InoBat Updated On Fri, Jun 21st, 2024 by Saurenergy Battery manufacturer Amara Raja Energy & Mobility (ARE&M) has further invested EUR 20mn, which includes a subscription for an additional 4.5% equity stake in InoBat AS, Norway. With the above, Amara Raja Energy & Mobility Limited’s total holding will be around 9.32% of its equity stake in InoBat AS, including its previous investment of EUR […] Read more
Only 10% Coal Plants To Be Decommissioned By 2030: Report Updated On Thu, Jun 20th, 2024 by Saurenergy Only 10% of the world’s existing coal power capacity is slated for decommissioning by 2030. More coal decommissioning transactions can be closed in the next three to five years, according to a report by IEEFA. Governments, investors and philanthropic organisations should invest the effort to identify these opportunities. The decarbonisation of electricity in emerging market […] Read more
Cabinet Approves Viability Gap Funding For Offshore Wind Updated On Thu, Jun 20th, 2024 by Saurenergy The Indian Union Cabinet chaired by Prime Minister Narendra Modi recently approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The total outlay of the scheme stood at Rs 7,453 crore. The fund included an outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy […] Read more
Gensol Engineering Allotted Additional 250 MW (500 MWh) for GUVNL’s BESS Project Updated On Thu, Jun 20th, 2024 by Saurenergy Gensol Engineering Ltd. has received the second tranche under greenshoe option allotment of 250 MW/500 MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) for standalone Battery Energy Storage Systems (BESS) project to reach 500 MW / 1000 MWh. According to Gensol, the project including first and second tranche will generate a total revenue of INR […] Read more
Brookfield To Get IFC Funds For 550 MW Rajasthan Solar Park Updated On Wed, Jun 19th, 2024 by Saurenergy A portion of the funding required by Brookfield Asset Management to construct a 550-MWp solar park in the Indian state of Rajasthan would come from the International Finance Corporation (IFC). The Canadian organisation will be compensated USD 105 million (EUR 98 million) for long-term non-convertible debentures that are assigned to the special purpose vehicles of […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
Honeywell Forays Into AI Battery Manufacturing Platform Updated On Tue, Jun 18th, 2024 by Saurenergy Honeywell has announced the launch of its Battery Manufacturing Excellence Platform (Battery MXP), an artificial intelligence (AI)-powered software solution designed to optimise the operation of gigafactories from day one by improving battery cell yields and expediting facility startups for manufacturers. With traditional standalone solutions, battery manufacturers’ material scrap rates can be as high as 30% […] Read more
