Crash in Lithium Prices: A Boon for EV Buyers or Unsustainable Trend? Updated On Tue, Apr 4th, 2023 by Saurenergy Prices of the so-called ‘White Gold’ has been declining for the past few months. Lithium is a common ingredient in almost all electric-car batteries we use today. The drop in commodity prices has made it easier for carmakers to cut prices for electric vehicles. For instance, last month, Tesla lowered the prices of its two […] Read more
CEEW Study Flags Concentration Of Clean Energy Manufacturing As Global Risk Updated On Tue, Apr 4th, 2023 by Saurenergy Two studies conducted by the researchers at the Council on Energy, Environment and Water (CEEW) have batted for an interrupted and affordable supply of critical clean energy technologies across the globe. The report said this was needed for achieving the Sustainable Development Goals (SDGs) and for a risk-free energy transition towards renewable energy. The Indian […] Read more
LG Energy Solution (LGES) to Build $5.5bn Battery Plant in Arizona Updated On Mon, Mar 27th, 2023 by Saurenergy LG Energy Solution (LGES) will invest about $ 5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). LGES said that this […] Read more
Battery Smart FY22 Revenues at Rs 7.95 Crore, Stations Cross 500 Mark Updated On Tue, Mar 21st, 2023 by Saurenergy Backed by some strong investor backing, three year old EV battery swapping solution provider Battery Smart finally hit its straps in the last financial year. Battery Smart’s revenue from operations jumped to Rs 7.95 crore during the fiscal year ending March 2022 from Rs 18 lakh in FY21, as per the consolidated annual financial statement […] Read more
China-Based Gotion to Foray into Japanese Market Following Agreement with Edison Power Updated On Mon, Mar 20th, 2023 by Saurenergy China-based manufacturer of lithium-ion power batteries Gotion High-tech has joined hands with Edison Power Co., a renewable energy and energy storage developer, for the development of large storage battery and recycling market in Japan. This partnership will also mark the entry of Gotion into Japan. Gotion High-tech will be responsible for the supply of cells, […] Read more
With An Aim Of 40% Domestic Sourcing By 2030, European Commission Announces Net Zero Industry Act Updated On Fri, Mar 17th, 2023 by Saurenergy Following the Inflation Reduction Act in the US, India’s own PLI schemes and the Basic Customs Duty on Solar Imports, the European Commission is set to erect some protectionist fences at its borders too. Under the European Commission’s (EC) proposed Net Zero Industry Act, which seeks to accelerate the decarbonisation of the energy sector in […] Read more
Ascend Elements to Supply 5,000 Metric Tons of Recycled Lithium to Koura Updated On Wed, Mar 15th, 2023 by Saurenergy Westborough-based Ascend Elements, a lithium-ion battery recycling and engineered materials company, will supply Koura with up to 5,000 metric tons of recycled and recovered lithium carbonate per year. Manhattan-based Koura is an Orbia business and one of the world’s largest producers of fluoroproducts and advanced technologies. Ascend Elements said that Koura will use the recycled […] Read more
Green Li-ion Secures $20.5 Million for Battery Recycling Technology Updated On Tue, Mar 14th, 2023 by Saurenergy Singapore-based lithium-ion battery recycling technology player Green Li-ion has secured $20.5 million in the recent round of pre-series B funding. The investment backers included venture capital firm TRIREC, solar firm Banpu NEXT and energy company Equinor Ventures. Green Li-ion has developed a prototype of its GLMC technology and is expecting to start the commercial production […] Read more
Australia India Trade Association Inks MoU with SMART Energy Council of Australia Updated On Mon, Mar 13th, 2023 by Saurenergy The Australia India Trade Association (AITA) welcomed to India more than 20 clean energy firms based in Australia. The delegates are visiting the country as part of SMART energy council that is being led by Australian Prime Minister Anthony Albanese. On the occasion, the delegates interacted with Kanubhai Desai, who is the minister for energy […] Read more
