20% Growth In EVs Registered In June to December YoY: Minister Updated On Wed, Dec 20th, 2023 by Saurenergy Minister of State for Heavy Industries, Krishan Pal Gurjar, mention in a written reply to the parliament that ‘There has been no slowdown in the sale of electric vehicles in the country during the previous two months.’ The statement comes even as talk of removing the FAME 2 subsidy for electric vehicles in the near […] Read more
LG Chem Rides IRA Benefits to Set Up Largest Cathode Materials Plant in US Updated On Wed, Dec 20th, 2023 by Saurenergy LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. […] Read more
Trina Tracker Launches A Tracker+Module Combo Promising Higher Efficiency Updated On Wed, Dec 20th, 2023 by Saurenergy TrinaTracker has launched its smart tracking optimal combination solution consisting of the new Vanguard 1P tracker and 700w+ modules. Unveiled on December 15, the enhanced Vanguard 1P module is a high-quality product that the firm claims offers increased security and reliability. It meets the requirements of customers who need trackers in composites application contexts. Easy […] Read more
Panasonic Selects 12 Startups as Part of Corporate Accelerator Program Updated On Tue, Dec 19th, 2023 by Saurenergy Panasonic Life Solutions India (PLSIND) and Panasonic Corporation (PC) in collaboration with a leading seed stage venture capital (VC) – 100X.VC announced the shortlist of 12 start-ups from over 140 entries received for the ‘Panasonic Ignition’ Corporate Innovation accelerator program. Panasonic aims to mentor, guide, and fund early to mid-stage startups that are creating innovative […] Read more
Wind Turbine Manufacturer Suzlon Partners with REC for Working Capital Lines Updated On Tue, Dec 19th, 2023 by Saurenergy Indian wind turbine manufacturer, Suzlon Group has announced the execution of definitive documents for securing working capital facilities with REC Limited. Suzlon will utilise this facility for meeting working capital requirements for the execution of its current order book and future order pipeline. This initiative will enable the firm to ensure faster ramp-up of its […] Read more
MERC Rejects MEDA’s Plea For 50% Local RE Procurement By Discoms Updated On Tue, Dec 19th, 2023 by Saurenergy The Maharashtra Energy Development Agency had filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) asking it to issue appropriate directions to distribution licensees (discoms) to meet 50% of total Renewable Purchase Obligation (RPO) requirement by purchase of energy from Renewable Sources within the State. Maharashtra has achieved installed capacity of 10,799 MW as […] Read more
Li-ion Battery Recycling Firm BatX Energies Raises $5 Million Funding Updated On Tue, Dec 19th, 2023 by Saurenergy Indian Lithium-ion battery recycling firm BatX Energies raised $5M in Pre-Series A Funding, fueled by Zephyr Peacock in participation with Lets Venture, and existing investors JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, BluSmart and others. Setting up the momentum for the Lithium-ion Battery recycling industry in India, the funds will turbocharge […] Read more
Sembcorp Ties up with Japanese Firms for Export of Green Ammonia from India Updated On Mon, Dec 18th, 2023 by Saurenergy Singapore-based Sembcorp Industries has joined hands with two Japan-based firms for the production of green ammonia in India. The green ammonia produced will be supplied to Japan. The green hydrogen arm of Sembcorp, called Sembcorp Green Hydrogen Pte, has forged agreements with conglomerate Sojitz Corp and energy major Kyushu Electric Power for the exploration of […] Read more
3,595 Power Consumers In India Get Approval For Green Energy Open Access Updated On Mon, Dec 18th, 2023 by Saurenergy Union Minister for New and Renewable Energy RK Singh, in his latest response before the Lok Sabha, said that as per government records, the Indian government approved the applications of 3,595 power consumers, allowing them to avail of green energy open access. The Ministry of Power in 2022 approved the Green Energy Open Access Rules, […] Read more
