Faster RE Adoption Can Cut Power Gen Cost by 50% by 2050: Wärtsilä Updated On Mon, Oct 11th, 2021 by Saurenergy Electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned, reports a new study by Wärtsilä. The technology group has issued the ‘Front-Loading Net Zero’ report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, […] Read more
Nanotech Firm Log 9 Materials Raises $2 M from Petronas Ventures Updated On Mon, Oct 11th, 2021 by Saurenergy Bengaluru-headquartered advanced battery-tech and deep-tech start-up Log 9 Materials has concluded its Series A+ capital raise round of $10 Million by announcing $2 Million investment from PETRONAS Ventures – the venture capital arm of PETRONAS, a global energy and solutions company. PETRONAS is ranked amongst the largest corporations on Fortune Global 500. This Series A+ […] Read more
Reliance Acquires REC Group in $771 Million Buy Out Updated On Sun, Oct 10th, 2021 by Saurenergy In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […] Read more
Eos Energy to Get $25 M Equipment Funds from Trinity Capital Updated On Fri, Oct 8th, 2021 by Saurenergy Eos Energy Enterprises, a provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, has announced that HI-POWER LLC, a wholly owned subsidiary of Eos, has entered into a $25 million equipment financing agreement with Trinity Capital, a leading provider of debt and equipment financing to growth stage companies. The funds will be used […] Read more
Cybersecurity For Power Sector in Focus in India, Worldwide Updated On Fri, Oct 8th, 2021 by Saurenergy The Ministry of Power (MoP) has prepared guidelines for cybersecurity in the Indian power sector, which were released yesterday. Cybersecurity is a key disruptive force facing companies in the coming years. Companies that excel and invest in these areas now are thought to be better prepared for the future business landscape and better equipped to […] Read more
Large Buildings RE Specialist Blueprint Power Acquired by BP Updated On Fri, Oct 8th, 2021 by Saurenergy bp has acquired Blueprint Power, a US-based technology company whose technology can help turn buildings into a flexible power network by connecting them to energy markets through cloud-based software. Or a Virtual Power Plant. Blueprint’s technology presents an opportunity to help decarbonize commercial real estate, help real estate owners meet their environmental goals, and give […] Read more
Servotech, 2Power to Invest €10 M to Introduce PVT Tech in India Updated On Thu, Oct 7th, 2021 by Saurenergy Indian manufacturer of LED Lights and solar products Servotech Power Systems Ltd. has announced its collaboration with German solar module company 2Power Gmbh to bring PVT Technology 2Power WP+ system in India. Through this PVT technology, now solar modules will produce electricity, heat and cooling through the adsorption process. Through this collaboration, Servotech, which recently […] Read more
Bridgelink Engineering Buys RE Firm BCR Companies Updated On Thu, Oct 7th, 2021 by Saurenergy Bridgelink Engineering has acquired BCR Companies, a construction company in the renewable energy industry. Both the companies are based in Texas, United States. BCR Companies was a family-owned professional construction company providing a wide range of industrial construction solutions within the energy industry. Operating in multiple locations across the U.S. since 2012, the firm provided […] Read more
6 Myths Blown Away By India’s Power Crisis Updated On Thu, Oct 7th, 2021 by Saurenergy The power crisis in India has received enough coverage in the media, with focus now on the barely 3 days coal supplies with a significant segment (Over 40%) of the country’s thermal fleet of power stations. While the use of the word energy transition is designed to soothe nerves and allow the huge changes underway […] Read more
