JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment Updated On Mon, May 17th, 2021 by Saurenergy JPMorgan Chase today released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement. As part of its Paris-aligned financing commitment announced last fall, the firm has published 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. JPMorgan […] Read more
Members to Expand Cross-border Interconnections as Shares of Renewables Grow: IRENA Updated On Mon, May 17th, 2021 by Saurenergy According to IRENA’s World Energy Transitions Outlook, to achieve climate goals, global electricity generation must expand three-fold by 2050, making grid flexibility exceptionally important as countries race to reduce emissions. Cross-border interconnection represents one of the key solutions to dealing with the variability of renewable power and grid stability issues. This topic was the focus […] Read more
ACC & Ambuja Cements Pushing Decarbonization to Reach Net-Zero Emissions Updated On Tue, May 11th, 2021 by Saurenergy ACC and Ambuja Cements have announced that they are pushing up their decarbonization agenda to reach their net-zero emissions target. Having an aim to generate clean and green energy both companies are in line with LafargeHolcim’s Net Zero Pledge and its ambition to reduce emissions from electricity. The decarbonization agenda will be delivered through several […] Read more
Massachusetts Invites Bids for 1600 MW Offshore Wind Projects Updated On Tue, May 11th, 2021 by Saurenergy Massachusetts electric utility companies have opened their third offshore wind solicitation, releasing a Request for Proposals (RFP) for up to 1,600 MW of offshore wind power, twice the capacity they contracted in the previous rounds. The Baker administration announced the RFP on Friday, for which confidential bids are due by September 16 and public proposal […] Read more
Toshiba Signs Agreement with GP Strategies to Acquire EtaPRO Business Updated On Tue, May 11th, 2021 by Saurenergy Toshiba America Energy Systems Corporation (“TAES”), an affiliate of Kawasaki, Japan-based Toshiba Energy Systems & Solutions Corporation (“Toshiba ESS”), has reached agreement with GP Strategies Corporation (NYSE: GPX), a global provider of workforce transformation solutions, to acquire its EtaPRO® business. EtaPRO is a real-time digital platform for improving the efficiency and reliability of power generating assets through […] Read more
India and the EU Commit to Energy Connectivity Partnership Updated On Mon, May 10th, 2021 by Saurenergy Last Saturday, India and the European Union agreed to bring the EU-India Roadmap 2025 in action and foster new synergies to jointly contribute to a safer, greener, cleaner, more digital, resilient and stable world. The day saw two key events- ‘India-EU Leader’s Meeting’ and ‘India-EU Business Roundtable’- being held simultaneously so that alliances in climate, […] Read more
Battery Firm ESS to be Publicly Listed; Value Expected to Cross $1 Bn Updated On Mon, May 10th, 2021 by Saurenergy ESS Tech, a manufacturer of iron flow batteries has entered into an agreement that will result in it becoming a publicly listed company. ESS Tech, a manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, and ACON S2 Acquisition, a publicly traded special purpose acquisition company, have announced they have entered […] Read more
As RE Continues to Expand, India’s Battery Storage Market a Sleeping Giant: IEEFA Updated On Mon, May 10th, 2021 by Saurenergy Grid integration of large-scale variable renewables will be one of India’s biggest challenges as it aspires to decarbonise its power economy through deployment of 450 gigawatts (GW) of renewable energy (RE) by 2030. Reaching this target from the current installed renewable capacity of 93 GW will require average annual renewable capacity additions of ~35 GW. […] Read more
Fusion Fuel Green Partners With CCC to Develop Hydrogen Plant Updated On Fri, May 7th, 2021 by Saurenergy The world is running after clean energy sources, and green hydrogen has evolved as one of the best possible sources of fuel or electricity. A green hydrogen technology company, headquartered in Ireland, Fusion Fuel Green PLC has announced that it has partnered with Consolidated Contractors Group S.A.L. (CCC), to develop a green hydrogen plant in […] Read more
