ONGC, SECI to Jointly Develop Renewable Projects Updated On Fri, Dec 3rd, 2021 by Saurenergy To realize its green energy objectives, Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI), an official statement said. The MoU provides a broad, overarching framework for the two national energy companies to collaborate on renewable energy projects including solar, wind, solar parks, […] Read more
French Firm Newheat Raises €7 M for Renewable Heat Development Updated On Fri, Dec 3rd, 2021 by Saurenergy French renewable heat supplier Newheat has announced the completion of a €7 million fundraising to support its development of renewable heat in France and internationally. Under this fundraising, Bpifrance bank is investing via its FIEE fund dedicated to energy and environment, alongside Newheat’s main original shareholders Noria and Etchart. Newheat offers decarbonization solutions for large […] Read more
Energy Dome Raises $11 M to Build Cost-cutting CO2 Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Energy Dome, an Italian energy storage technology company founded in 2019, has announced the close of its $11M Series A fundraise. The company will use the proceeds to complete the construction of its CO2 battery demonstration project in Sardinia, Italy, a product that is said to store energy at about half of the cost of […] Read more
US Firms Malta, Bechtel to Jointly Explore New Energy Storage Projects Updated On Thu, Dec 2nd, 2021 by Saurenergy Malta Inc., a Massachusetts-based developer of grid-scale, long-duration energy storage, and Bechtel Corporation, an engineering, construction, and project management company based in Virginia, are teaming up to pursue new energy storage projects around the world. The companies will work together to develop and deploy Malta’s 10-150+ hour energy storage technology in a variety of grid-scale […] Read more
With REC Trading Back, IEX Looks To Renewable Growth To Build Momentum Updated On Tue, Nov 30th, 2021 by Saurenergy Highlights: “The RPO compliance equation has to be continuously reassessed as several market-based avenues are available.” “We are currently at some 110 GW, so we have another nine years period to meet the target (500 GW of RE capacity by 2030). Pace at which capacity addition happens must grow at a 50% year on year […] Read more
IREDA, BVFCL Team Up for Green Energy Projects Updated On Tue, Nov 30th, 2021 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a Memorandum of Understanding (MoU) with Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) for providing its techno-financial expertise in developing renewable energy projects and fund raising. The two companies are Public Sector Undertakings (PSUs) under the Ministry of New & Renewable Energy (MNRE) and the Ministry of […] Read more
CERC Grants Trading License to Renew Energy Updated On Tue, Nov 30th, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) has granted ReNew Energy Markets Private Limited’s (formerly known as Renew Vayu Power Private Limited) request to be granted Category `IV` Trading Licence, which permits the inter-state trading of maximum 2,000 MUs of electricity in one financial year across the nation. The application from Renew […] Read more
Powin Announces New Centipede Battery Energy Storage System Updated On Tue, Nov 30th, 2021 by Saurenergy Powin LLC, which designs and manufactures ‘safe and scalable’ battery energy storage solutions, announced its new Centipede battery energy storage platform. Centipede is the company’s first fully modular design, complete with pre-integrated segments containing batteries, thermal management equipment, and essential safety systems. Compared to previous generations of Powin’s Stack™ products and smart enclosures, Centipede claims […] Read more
Australia’s Grid Vulnerabilities Threaten Wind Energy Expansion Too Updated On Fri, Nov 26th, 2021 by Saurenergy Australia, where solar rooftop became the number 1 source of energy on some day earlier this year, has been grappling with issues with the national grid for some time. At stake is not just the grid stability itself, but also the expansion of renewables further into the system. While large battery announcements have given the […] Read more
