NREL Study Forecasts Significant Decline in BESS Costs by 2030 Updated On Wed, Jun 28th, 2023 by Saurenergy The long-term lithium-ion battery energy storage system (BESS) costs could halve over this decade, as per the “Cost Projections for Utility-Scale Battery Storage: 2023 Update” report by US National Renewable Energy Laboratory (NREL). The report forecasts the future capital expenditure (capex) costs of Battery Energy Storage Systems (BESS) from 2022 to 2050. It specifically focuses […] Read more
Indian Firm Epsilon To Setup EV Battery Component Manufacturing Unit In US Updated On Tue, Jun 27th, 2023 by Saurenergy Indian battery materials firm Epsilon Advanced Materials (EAM) has now decided to set up its electric vehicle (EV) component material manufacturing unit in the United States (US). It comes days after India joined the elite US-led Minerals Security Partnership (MSP) club. The firm also planned to invest around USD 650 million in the Western country […] Read more
Uber Flagship EV Product Uber Green Rolled Out at Mumbai Airport Updated On Fri, Jun 23rd, 2023 by Saurenergy Travel aggregator Uber Technologies has presented its flagship electric vehicle (EV) Uber Green in the city of Mumbai. Last month, the firm had made known its plans to make an addition of 25,000 electric cars to its platform. Towards this, it had forged partnerships with Lithium, Everest and Moove- firms that provide fleet. Uber said, […] Read more
Ola Electric Sets the Ball Rolling for 100GWh Factory at Tamil Nadu Updated On Thu, Jun 22nd, 2023 by Saurenergy Ola Electric has kickstarted the establishment of what is set to be India’s biggest Gigafactory. The gigafactory, which is to come up in Krishnagiri, Tamil Nadu, will begin with an initial capacity of 5 GWh and later, expand to 100 GWh in a phase-wise manner. The firm has set sights on beginning operations by next […] Read more
S&P Commodity Insights Top 10 RE Market Trends in 2023 Updated On Wed, Jun 21st, 2023 by Saurenergy Commodity Market Solutions Firm S&P Global Commodity Insights released its white paper on ‘The Ten Cleantech Trends in 2023’, focusing on the technologies to reduce emissions and confront climate change. Following are the main takeaways from the cleantech trends 2023 from S&P Global Commodity Insights- 1. Declining Component Prices--Though the reduction in the component prices […] Read more
Chinese Battery Manufacturer EVE Energy Scores Second Gigawatt Scale US Deal Updated On Tue, Jun 20th, 2023 by Saurenergy China based lithium-ion battery manufacturer EVE Energy has signed a deal with American Battery Solutions for 5GWh of LFP lithium-ion cells a year for ABS’s TeraStor platform. The master supply agreement (MSA) will see American Battery Solutions (ABS ESS) procure 5GWh of lithium iron phosphate (LFP) battery cells from Eve for its grid-scale energy storage […] Read more
Indian Investor, Others Help Australian Battery Startup Sicona To Raise AU$22m Funds Updated On Thu, Jun 15th, 2023 by Saurenergy Australian battery startup Sicona Battery Technologies (Sicona) has now announced raising AU $22 million in Series A funding, which will be used to further the company’s development plans in Australia and the United States. The $22 million investment was led by India’s Himadri Speciality Chemical Ltd, leading Australian venture capital investor Artesian, and Electrification & […] Read more
Volvo Introduces All-Electric C40 Recharge SUV in Indian Market Updated On Wed, Jun 14th, 2023 by Saurenergy Volvo Car India has unveiled its highly anticipated all-electric C40 Recharge SUV, marking the brand’s second electric vehicle (EV) in the Indian lineup. The C40 Recharge EV will be available in a single variant, and its pricing will be announced in August 2023, with deliveries scheduled to commence in September 2023. The C40 Recharge will […] Read more
ChakraPaani: A ‘Solar Hand Pump’ Designed to End Rural India’s Water Woes Updated On Fri, Jun 9th, 2023 by Saurenergy The MSME sector is proving its worth in the age of innovation and creativity. One such firm in Kanpur, Shri Ram Rashmi Industries has come up with a new solar hand pump called ChakraPaani which it claims needs just a third of solar energy electricity compared to other solar pumps. When the radiation is low, […] Read more
