IEX Q4 FY21 Results: ‘Unprecedented Performance’; Rs 100 Cr Revenues Updated On Fri, May 14th, 2021 by Saurenergy The Indian Energy Exchange (IEX) released its audited consolidated financial results for the fourth quarter ended March 31, 2021, today, announcing an “unprecedented performance” in the last fiscal year. The New Delhi-headquartered power trading exchange, which is regulated by Central Electricity Regulatory Commission (CERC), reported 37.3% YoY growth in electricity volumes in the last year. In […] 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
TATA Power’s Q4 FY21 Results: Revenues Jump 50% Updated On Fri, May 14th, 2021 by Saurenergy Mumbai-based electric utility company Tata Power Limited released its financial results for the fourth quarter of FY21 ended March 31, 2021, announcing a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore (Rs 474.70 crore in the year-ago period), due to saving in finance cost offset by an exceptional gain […] 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
Borosil Renewables Bags National Award 2021 for Technology Development Updated On Wed, May 12th, 2021 by Saurenergy India’s first and only domestic solar glass manufacturer, Borosil Renewables has grabbed the National Award for Successful Commercialisation 2021. The award has been given under the best technology development category for its masterpieces including 2mm fully tempered solar glass, Shakti: Solar glass in matt finish, Selene: Anti-glare solar glass for PV installations near the airport. […] Read more
PLI Scheme for Solar Manufacturing to Benefit Incremental Demand till FY30: Report Updated On Wed, May 12th, 2021 by Saurenergy According to a new report India’s solar modules manufacturing under production linked incentive (PLI) scheme will benefit incremental panels demand till the financial year 2030 (FY30). Ind-Ra estimates that the allocation of INR 45 billion towards the solar modules manufacturing industry by the Ministry of New and Renewable Energy (MNRE) can benefit the sales of […] Read more
Highest-ever Boom in Copper Amid Clean Energy Transition: Bloomberg Updated On Mon, May 10th, 2021 by Saurenergy According to recent analysis by Bloomberg, a New York City-headquartered data and media company, copper surged this week to its highest-ever and copper future prices rose as high as $10,440 a ton in London. This follows the boom in copper spread over the past year, which caused prices to double in the period. The year 2011 […] Read more
Ginlong Technologies (Solis) Achieves Another Year of Strong Sales Growth in 2020 Updated On Fri, May 7th, 2021 by Saurenergy Ningbo, China-Ginlong Technologies Co.,Ltd. (Solis) published its 2020 annual report. In 2020, the Company’s revenue reached 321.6 million, an increase of 83% year-on-year. Net profit attributable to the shareholders was USD 48.9 million, an increase of 151% year-on-year. Net profit after the deduction of extraordinary items was USD 43.1 million, +130% year-on-year. Net cash flow […] Read more
V2G EV Battery Swapping Station: Boosters for Distribution System Reliability Updated On Thu, May 6th, 2021 by Saurenergy This is the era of socio-economic growth. To drive this growth, we need environmental sustainability to go hand-in-hand with the rising energy needs. Since EVs are a cleaner and safer alternative to conventional vehicles, they will have to be adopted on a mass level to meet the future mobility requirements. This is the vision enshrined […] Read more
