GM Targets H2-Powered Generators in Expansion of Fuel Cell Business Updated On Fri, Jan 21st, 2022 by Saurenergy American multinational automotive manufacturing company General Motors on Wednesday said it plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for uses including at construction sites, music festivals, data centers and the military. The wider application of hydrogen fuel cells will allow General Motors (GM) to leverage and scale existing […] Read more
South Korea, Saudi Arabia Agree to Jointly Develop Hydrogen Economy Updated On Thu, Jan 20th, 2022 by Saurenergy South Korean President Moon Jae-in held talks with Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman on Tuesday and agreed to work together in areas related to the hydrogen economy. After holding the talks at the Al-Yamamah palace in Riyadh, the two nations signed preliminary deals to jointly develop green hydrogen, which is […] Read more
Long-term Finance at Low Rates for Power, RE in Budget, expects ICRA Updated On Mon, Jan 17th, 2022 by Saurenergy Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant policy measures are needed to promote investments […] Read more
Green Tech Firm Hydrostor Bags $250 M Invt from Goldman Sachs Updated On Thu, Jan 13th, 2022 by Saurenergy Canadian long-duration energy storage solution provider Hydrostor has secured a financing commitment of US$250 million from Goldman Sachs Asset Management’s private equity and sustainable investing businesses, an official statement said. The investment proceeds will be used to support the development and construction of Hydrostor’s 1.1GW, 8.7GWh of Advanced Compressed Air Energy Storage (A-CAES) projects in […] Read more
COP26 Commitments Likely to Attract Billions in Investment: ICRA Updated On Thu, Jan 6th, 2022 by Saurenergy The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels etc, opines ratings agency ICRA in its recent research report. This is likely to attract investment in billions across sectors, predicts […] Read more
Sterlite Power Acquires Nangalbibra-Bongaigaon ISTS Project from PFC Updated On Tue, Dec 28th, 2021 by Saurenergy New Delhi-based Sterlite Power Transmission Limited has announced the acquisition of Nangalbibra ─ Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited. Through this SPV, the company will execute the inter-state transmission system (ISTS) project that it won through tariff-based competitive bidding in October 2021. The project involves setting up of ~300 […] Read more
EV Charging Stations With Rooftop Solar More Economical: Report Updated On Fri, Dec 24th, 2021 by Saurenergy Aiming to demonstrate the concept of using a clean source of energy (solar) for charging Electric Vehicles (EVs), a new report has shown that electric vehicle charging stations (EVCSs) with solar rooftop photovoltaic (SRTPV) facility are economically more viable than those with grid. “The mismatch between solar energy generation and consumption (from charging) can be […] Read more
Honda 2Wheelers Unveils 2nd Wind Turbine System in Gujarat Updated On Fri, Dec 17th, 2021 by Saurenergy Honda Motorcycle & Scooter India (HMSI) on Thursday said its second wind turbine system at Bhanvad in Gujarat has gone on stream, which will help the company meet over 50 per cent of the energy requirements from hybrid renewable resources across all its four manufacturing plants. The wind turbine system at Bhanvad is around 350 […] Read more
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
