Solid State Batteries Get A Vote of Confidence With $200 Million For Factorial Energy Updated On Mon, Jan 24th, 2022 by Saurenergy Massachusetts, US based Solid State Battery maker Factorial Energy has raised $200 million as part of a Series D round of funding, led by Mercedes-Benz and Stellantis. The startup said that the money will help commercialise its solid state batteries for use in EV’s and more faster. Factorial Energy has developed a 40 Ah version of solid-state […] Read more
The Sodium Ion Batteries Behind Reliance’s $135 million Purchase of Faradion Updated On Sat, Jan 22nd, 2022 by Saurenergy When Reliance announced the outright purchase of UK based Faradion Limited on the last day of 2021, it was widely seen as one more brick in the renewable edifice that Reliance has committed itself to. The Faradion investment was the 6th major investment by the firm into technologies or competency in the renewable space. But […] Read more
LG Energy Solution’s $10.7 Billion IPO And Its Probable Impact Updated On Fri, Jan 21st, 2022 by Saurenergy The successful completion of LG Energy Solutions’s $ 10.8 billion IPO in South Korea values the battery maker at about $59 billion makes it the third largest listed firm on the Korean Kospi index, behind electronics giant Samsung and Hynix. The successful IPO signals just how large, and tough, the future of the battery business […] Read more
President/Business Head – Solar Business Updated On Thu, Jan 20th, 2022 by Saurenergy We are a fast-growing company focused on the energy storage (lead acid and lithium- ion batteries), electric mobility and solar equipment space. We are looking for senior industry professionals (or existing entrepreneurs) from Power Electronics domain who are willing to take an entrepreneurial route and lead our new business segment focused on manufacturing and sales […] Read more
IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape Updated On Wed, Jan 19th, 2022 by Saurenergy The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […] Read more
PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid Updated On Mon, Jan 17th, 2022 by Saurenergy Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […] Read more
Inverter Maker Ingeteam Equips Spain’s 1st Solar+Storage System Updated On Thu, Jan 13th, 2022 by Saurenergy Spanish inverter manufacturer Ingeteam recently revealed that the company was chosen by electric utility Iberdrola to be its technology partner for the purpose of equipping its solar plant at the Campo Arañuelo photovoltaic complex, Spain, with a battery energy storage system solution. The 40 MW Arañuelo III photovoltaic plant is already in operation, reportedly the first large-scale […] Read more
EV Mfr Greaves e-Mobility to Launch New Products Post Strong Dec Sales Updated On Wed, Jan 5th, 2022 by Saurenergy Major EV manufacturer Greaves Electric Mobility, an arm of Greaves Cotton Ltd, is working on a new set of products, which will include a high-speed electric scooter and an electric three-wheeler cargo vehicle, according to media reports. Two and three-wheelers make about 84 per cent of the Indian last mile mobility segment. With the establishment […] Read more
Quantumscape CEO Jagdeep Singh Aims For A $2.3 Billion Payoff Updated On Mon, Jan 3rd, 2022 by Saurenergy In a deal seen as mirroring a similar deal for Tesla founder Elon Musk a couple of years back, Shareholders of QuantumScape Corp., the solid-state battery startup that went public through a blank-check deal last year, recently approved an approximately $2.3 billion (Rs 17,486 crore) pay package for its Chief Executive Officer Jagdeep Singh. The […] Read more
