Li-ion Battery Recycling Firm BatX Energies Raises $5 Million Funding Updated On Tue, Dec 19th, 2023 by Saurenergy Indian Lithium-ion battery recycling firm BatX Energies raised $5M in Pre-Series A Funding, fueled by Zephyr Peacock in participation with Lets Venture, and existing investors JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, BluSmart and others. Setting up the momentum for the Lithium-ion Battery recycling industry in India, the funds will turbocharge […] Read more
GoodWe Among Top Three PV Inverter Suppliers in Europe: Report Updated On Mon, Dec 18th, 2023 by Saurenergy GoodWe, a solar solutions company, revealed that it stood among the top three solar PV inverter suppliers in Europe for the year 2022. According to a report by Wood Mackenzie, an energy research agency, GoodWe held a notable 7% share in the European market in the preceding year. Its PV inverter shipments to Europe rose […] Read more
Sembcorp Ties up with Japanese Firms for Export of Green Ammonia from India Updated On Mon, Dec 18th, 2023 by Saurenergy Singapore-based Sembcorp Industries has joined hands with two Japan-based firms for the production of green ammonia in India. The green ammonia produced will be supplied to Japan. The green hydrogen arm of Sembcorp, called Sembcorp Green Hydrogen Pte, has forged agreements with conglomerate Sojitz Corp and energy major Kyushu Electric Power for the exploration of […] Read more
Solar Production Costs In China Falls By 42% In 2023: Wood Mackenzie Updated On Fri, Dec 15th, 2023 by Saurenergy A latest report states that the cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W). This gave manufacturers in the country cost advantage over international rivals according to the New Horizons report from Wood Mackenzie. The report looks at ‘Five low-carbon tech trends […] Read more
EU New Electricity Market Design To Speed-Up Renewable Deployment Updated On Fri, Dec 15th, 2023 by Saurenergy A latest report shared by the European Council and the Parliament has revealed that they have reached a provisional agreement to reform the EU’s electricity market design (EMD). “This deal is great news, as it will help us reduce even more the EU’s dependence on Russian gas and boost fossil-free energy to cut greenhouse gas […] Read more
Accelerating Renewables Can Prevent Rail Network Congestions: IEEFA Updated On Thu, Dec 14th, 2023 by Saurenergy Indian Railways can better utilise its resources and serve the Indian economy more effectively if policymakers focus on accelerating renewable energy generation rather than expanding coal freight by rail, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds. The IEEFA report analyses various forecasts by different agencies of the Indian government and […] Read more
Hindalco to Infuse INR 800 Cr for Battery Foil Manufacturing Facility Updated On Tue, Dec 12th, 2023 by Saurenergy Hindalco Industries, the world’s largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The firm is investing INR 800 crore to build a new plant near Sambalpur in […] Read more
Shell Sells Part Ownership In 2 US Renewable Projects To InfraRed Capital Updated On Tue, Dec 12th, 2023 by Saurenergy Savion Equity, Shell Wind Energy, Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc (Shell), have agreed to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners (InfraRed). Shell will sell 60% interest in Brazos Wind Holdings, LLC (Brazos), a 182-megawatt (MW) onshore wind farm in Fluvanna, […] Read more
ISA & Nuru Introduce 15 MW Solar Project Under Global Solar Facility Updated On Mon, Dec 11th, 2023 by Saurenergy The International Solar Alliance (ISA) has announced a milestone with the initiation of the first pilot project under its Global Solar Facility (GSF). In collaboration with Nuru, a solar power firm in the Democratic Republic of the Congo (DRC), the project aims to develop and construct 15 MW of solar metro grid capacity across three […] Read more
