5 MWh Vanadium Flow Battery Activated In UK By Invinity Energy Updated On Tue, Dec 21st, 2021 by Saurenergy Invinity Energy Systems, the flow battery firm has joined developer Pivot Power (Part of EDF Renewables), to complete the storage component of the Energy Superhub Oxford (ESO) project. The project combines a 50 MWh lithium ion battery storage system (from Wartsila) with a 5 MWh vanadium flow battery from Invinity Energy. The lithium battery was […] Read more
India’s 2030 Climate Targets are ‘achievable’ through Renewables: Says LBNL 2030 Updated On Fri, Dec 10th, 2021 by Saurenergy There is no doubt that India is in midst of an energy transition, with important social and economic implications depending on the pathways that are chosen. A Lawrence Berkeley National Laboratory (LBNL) study, under the US Department of State evaluated in-depth India’s future power investments. Giving a promising outlook on India’s future power system investments, […] Read more
MNRE Gets Approval For Rs 454 Crore Spends To Support Renewables for the Next 5 Years Updated On Fri, Dec 10th, 2021 by Saurenergy The approvals, covering the period 2021-22 to 2025-26, have all been communicated this week. Covering the areas of supporting research and development (Rs 228 crores), Public Awareness (Rs 26 crores) and Human Resources Development ( Rs 200 crores), the idea is to provide the MNRE with funds to achieve key objectives. While readers will be […] Read more
KKR Launches New RE Platform ‘Stellar Renewable Power’ Updated On Thu, Dec 9th, 2021 by Saurenergy Investment firm KKR has launched “Stellar Renewable Power”, a new platform that aims to source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance (ABF) strategy. Stellar will source opportunities through greenfield development and acquisitions of early-stage assets from other developers. Renewable energy expert Vijay Venkatachalam will lead Stellar. […] Read more
iSun Announces Investment in Encore Renewable Energy Updated On Wed, Dec 1st, 2021 by Saurenergy Solar energy and clean mobility Infra company iSun is making a strategic minority interest equity investment in Encore Renewable Energy, one of the Top 20 US commercial solar developers. iSun offers the following key highlights of the new agreement: Investment to accelerate expansion of iSun’s Commercial, Industrial and Utility businesses into new geographic markets Provides […] 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
Renewable Energy Certificates. Trading Resumes, But Much Needs To Be Done Updated On Thu, Nov 25th, 2021 by Saurenergy Highlights: The market share of REC market had already shrunk to 9.2 lakh Renewable Energy Certificates (REC) in 2020-21, while 60.58 lakh RECs piled up till March end. As per CEEW-CEF analysis, as many as 5.1 million RECs have remained unsold due to poor RPO compliance across India, a demand shortfall of 7%. The Appellate […] Read more
An Ancillary Services Market Will Be Key To Integration of 450 GW of Renewables By 2030 Updated On Sat, Nov 20th, 2021 by Saurenergy A new study, Electricity market design for efficient procurement of ancillary services in India to address changing system needs, by Wartsila and KPMG makes the case for power market reforms in India using power system simulation models. The study demonstrates that some of the renewable rich states in India could immensely benefit by adding more flexible generation […] Read more
Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF Updated On Thu, Nov 18th, 2021 by Saurenergy Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […] Read more
