Canadian Wireless EV Charging Startup eleapPower Raises $21 Million In Funding Updated On Wed, Dec 15th, 2021 by Saurenergy Toronto-based eLeapPower, a technology innovator in the electric vehicles space – inside and outside – with its Smart Inverter System, has confirmed that it raised $21 million CAD in Series A funding. The round was led by a consortium of pension funds and BDC Capital’s Cleantech Practice. eLeapPower’s initial contract is with a global automotive manufacturer headquartered […] Read more
OEMs Need To Focus More On Better Financing Options For EVs. Updated On Tue, Dec 14th, 2021 by Saurenergy Etrio, an EV player, aims to be an affordable and accessible electric form of mobility for everyone. With over 30+ partnerships with leading e-commerce and logistics players the EV company is hoping to play a key role in the burgeoning EV segment in India by bringing a wide range of quality electric vehicles. Deepak MV, […] Read more
IEEFA report: “States should have primary responsibility for agrivoltaics” Updated On Mon, Dec 13th, 2021 by Saurenergy Agriculture, a key mainstay of the Indian economy has a vital role to play in the creation of renewable energy capacity, especially if ways could be found to combine it with solar generation. This is where agrivoltaics assume such vital importance. A study focused on ‘Agrivoltaics in India: Fertile Ground?’ by Institute for Energy Economics […] Read more
Andhra Pradesh’s New Research Hub to Help MSEs Advance RE Tech Updated On Mon, Dec 13th, 2021 by Saurenergy National Institute of Technology-Andhra Pradesh is establishing a Common Research and Technology Development Hub (CRTDH) in renewable energy. Sponsored by the Department of Scientific and Industrial Research, this Hub will help local micro and small enterprises develop technological solutions for off-grid and on-grid renewable energy systems. The Hub would also nurture start-ups. According to NIT-AP […] Read more
Azure Power Q2 Results. Not Enough To Enthuse Investors Updated On Mon, Dec 13th, 2021 by Saurenergy The NYSE listed Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2022, period ended September 30, 2021. Fiscal Second Quarter 2022 Period ended September 30, 2021 Operating Highlights: Megawatts (“MW”) Operating* were 2,210 MWs, as of September 30, 2021, an increase of 31% over September 30, 2020. […] Read more
MoP Approves 23 New ISTS Projects Worth ₹15,893 cr Updated On Fri, Dec 10th, 2021 by Saurenergy The Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) has approved 23 new Inter State Transmission System (ISTS) projects with an estimated cost of Rs 15,893 crore. The new ISTS projects comprise 13 projects with an estimated cost of Rs 14,766 to be developed under Tariff Based Competitive Bidding (TBCB) […] Read more
US Firm AES Unveils New Solar Installation Robot Updated On Thu, Dec 9th, 2021 by Saurenergy AES Corporation has launched Atlas, a new solar installation robot. “Atlas represents a major advance in solar energy technology, making it faster, more efficient and safer to construct new solar facilities,” said the company. Atlas was designed by AES through a multi-year innovation process and built in cooperation with Calvary Robotics and other third parties. […] Read more
KKR Launches New RE Platform ‘Stellar Renewable Power’ Updated On Thu, Dec 9th, 2021 by Saurenergy Investment firm KKR has launched “Stellar Renewable Power”, a new platform that aims to source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance (ABF) strategy. Stellar will source opportunities through greenfield development and acquisitions of early-stage assets from other developers. Renewable energy expert Vijay Venkatachalam will lead Stellar. […] Read more
EV Solutions Firm Magenta Invests in EV Component Maker Axiom Updated On Wed, Dec 8th, 2021 by Saurenergy Magenta, India’s homegrown integrated Electric Vehicle (EV) charging solutions company, has confirmed a significant investment into Axiom Energy Conversion Limited, one of India’s oldest EV component manufacturers, said an official statement. With the Magenta Axiom investment and partnership, plans are afoot to develop a greenfield manufacturing setup dedicated to EV powertrain components, including chargers, convertors, […] Read more
