US startup raises $4.2 M to make affordable Green H2 for heavy industry Updated On Fri, Apr 29th, 2022 by Saurenergy Advanced Ionics, a US-based provider of next-generation industrial electrolyzers that can produce green h2 for less than $1/kg, has announced the closing of its initial financing of $4.2 million led by Clean Energy Ventures, a venture capital firm funding early-stage climate tech innovations, with participation from SWAN Impact Network. “By requiring significantly less electricity than […] Read more
Iberdrola signs its largest green loan worth €1 B with Banco Santander Updated On Thu, Apr 28th, 2022 by Saurenergy Spanish electric utility Iberdrola has signed its largest green loan with Banco Santander for an amount of €1 billion, which in turn is backed by an Export Credit Agency (ECA), said the company. The loan has a maximum term of 15 years.The funds will be used mainly to finance Iberdrola’s orders to suppliers of turbines […] Read more
World’s Largest Green Hydrogen Project to Get $500m from US Govt Updated On Thu, Apr 28th, 2022 by Saurenergy The US Department of Energy (DOE) has announced that it has conditionally committed for up to $504 million in debt financing for the Advanced Clean Energy Storage Project which is expected to be the world’s largest industrial green hydrogen production and storage facility. The commitment is made to companies: Advanced Clean Energy Storage, Mitsubishi, Magnum […] Read more
Norway to become member of International Solar Alliance Updated On Wed, Apr 27th, 2022 by Saurenergy Norway has decided to become a member of the International Solar Alliance, an initiative of India aimed at promoting renewable energy and sustainable development. Norwegian Foreign Minister Anniken Huitfeldt announced Norway’s membership of the International Solar Alliance (ISA) during her official visit to India, a statement by the country’s Embassy said on Tuesday. The International […] Read more
H2-Industries to build $1.4bn waste-to-hydrogen plant in Oman Updated On Tue, Apr 26th, 2022 by Saurenergy In what could be the first of its kind in Oman, H2-Industries has signed a memorandum of understanding (MoU) with Madayn for the development of a waste-to-hydrogen plant in the country. H2-Industries is an American hydrogen generation and storage player and Madayn is Public Establishment for Industrial Estates in the Sultanate of Oman. The company […] Read more
Dependence on Lithium A Speed Breaker For EV Transition Updated On Tue, Apr 26th, 2022 by Saurenergy Lithium supply chain risks are wrecking plans for the expansion of EVs as well as large storage. Among its other uses in renewable technology, lithium is a key element in electric car batteries. Electric car sales are at an all-time high, with companies including Tesla, Volkswagen, and Mercedes posting record shipments in the first three months of […] Read more
Masdar to develop 4 GW green hydrogen plants in Egypt by 2030 Updated On Tue, Apr 26th, 2022 by Saurenergy UAE based renewable energy major Masdar and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, have signed two MoUs with Egypt for the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. The green fuel production projects will be inside Sokhna zone […] Read more
Norway Searching for Green Hydrogen Avenues in India: Greenstat Updated On Mon, Apr 25th, 2022 by Saurenergy Vegard Frihammer, founder and CEO of Greenstat Norway – a leading player in Renewable Energy – has held that Norway is searching for opportunities in the green hydrogen segment in India. The Greenstat CEO says that the company needs a market like India where collaboration in green hydrogen is possible. The Norwegian company has established […] Read more
5 Upcoming Trends that will dominate the power sector in the new fiscal Updated On Mon, Apr 25th, 2022 by Saurenergy The world faced numerous challenges in the last fiscal due to pandemic and consequent lockdown. Almost every sector felt the heat but they also indicated the signs of recovery; they are on the path of continuous rise. The new financial year stimulates hopes and aspirations across the sectors to reach the expected targets. The power […] Read more
