Mitra Chem Raises $20 M Series A to Fund Li-ion Battery Materials R&D Updated On Tue, Nov 23rd, 2021 by Saurenergy Mitra Future Technologies (Mitra Chem), a North American producer of lithium-ion battery materials, has announced the completion of a $20 million Series A round that was led by Social Capital, a California investment firm. The firm plans to use the capital from the round to invest in product R&D and expand North American pre-pilot production […] Read more
Annual PV Installations to Cross 200 GWdc Mark in 2022: IHS Markit Updated On Thu, Nov 18th, 2021 by Saurenergy Global solar PV installations will see over 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, at a total investment of at least $170 billion, despite continuing rising costs of production, according to a new report by the Clean Energy Technology service at U.K.-based market observer IHS Markit. Until recently, declining […] 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
Choosing the Correct Inverter for High Power M10 (182mm), G12 (210mm) PV Modules Updated On Thu, Nov 11th, 2021 by Saurenergy Background Over the past few decades, mainly due to advances in technology and reduction in cost, the size of silicon wafers used in solar modules has evolved from an early stage 125mm to the current standard M6 (166mm), M10 (182mm) and G12 (210mm). What impact do these larger modules have on related equipment? What should […] Read more
ISA Fills The Gaps, With US as 101st Member, Tie-Up With Nordic Countries For Funding Updated On Thu, Nov 11th, 2021 by Saurenergy The International Solar Alliance (ISA) has seen hectic activity at Glasgow, during the COP 26 summit. The latest announcements from the largest multilateral organisation in recent years is the induction of the United States as a member country, the 101st to do so. John Kerry U.S. Special Presidential Envoy for Climate announced at the UNFCCC […] Read more
Decoding The Reliance Gambit In Renewable Energy Updated On Tue, Nov 9th, 2021 by Saurenergy It All Started in 2017 It was on the firm’s 40th anniversary celebrations in 2017 that Mukesh Ambani, Chairman, Reliance Industries first asked the rhetorical question, “Can Reliance become a clean energy company?”. “Why Not?”, he answered it himself at the time, without getting into any further details. Almost three years later, at the firm’s […] Read more
Modi’s Enhanced Renewable Targets A Credit To Minister R.K. Singh Updated On Fri, Nov 5th, 2021 by Saurenergy When Prime Minister Narendra Modi committed 500 GW of fresh renewable capacity for India by 2030 at COP26, it was not just a commitment for India contributing its mite to the climate change effort. It was also an acknowledgement of the progress the country has made in reaching its 100 GW renewables milestone, and the […] Read more
Proposed Amendment by Power Ministry To Power Corporate and Industrial RE Development Updated On Mon, Nov 1st, 2021 by Saurenergy With 4 stakeholder consultations already held, the proposal by the power ministry to amend the Energy Conservation Act, 2001 is moving ahead. The amendments will have the twin objectives of enhancing demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc, and also support the climate goals commitments of the […] Read more
Microinverter-maker Enphase Energy Earns $351.5 M Revenue in Q3FY21 Updated On Fri, Oct 29th, 2021 by Saurenergy California-based supplier of microinverter-based solar and battery systems Enphase Energy has released its financial results for the third quarter of 2021, reporting quarterly revenue of $351.5 million, along with 40.8% for non-GAAP gross margin. The company shipped approximately 2,599,575 microinverters, or 913 megawatts DC, and 65 megawatt hours of Enphase Storage systems during this period. […] Read more
