Solar Tech Startup Loom Solar Raises $2 Mn Funding from SIMA Funds, USA Updated On Wed, Jan 18th, 2023 by Saurenergy Emerging start-up in solar tech Loom Solar has raised $2 Million funding from US-based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others. The start-up that looks into the manufacturing of bi-facial solar panels and lithium battery, is headquartered in […] Read more
EV Battery-Tech Startup Log9 Materials Sweeps Over $11 Mn in Series B Round Updated On Tue, Jan 17th, 2023 by Saurenergy Battery platform for electric vehicles Log9 Materials has scooped up over $11 million in a Series B round, which was led by PTV International Ventures. Participants in the Series B round included SiriusOne Capital, Cornerstone Ventures, among others. This is seemingly an extension of the Series B round, which is followed by the the Rs […] Read more
Ireland’s IPP Power Capital RE Secures €240 Million for 1.2 GW of Solar Assets Updated On Tue, Jan 17th, 2023 by Saurenergy Ireland’s leading solar Independent Power Producer, Power Capital Renewable Energy, has announced the closing of an up to EUR 240 million construction equity facility for the development of solar power projects. Power Capital held that the financial facility has been closed with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias […] Read more
South Korea’s Battery Majors LG Energy & Hanwha Explore Partnership for BESS Updated On Mon, Jan 16th, 2023 by Saurenergy South Korean firms LG Energy Solution and Hanwha, global giants in the world of global battery and renewable energy technology, are looking to set up battery storage centric manufacturing facilities. The units will be established in the US. The said firms have entered into a partnership to make headways into US battery energy storage system […] Read more
FREYR Battery to Supply Upto 14 GWh LFP Cells to Impact Clean Power Technology Updated On Mon, Jan 16th, 2023 by Saurenergy FREYR Battery has signed a conditional offtake agreement (“COA”) with Impact Clean Power Technology under which, FREYR will supply 10 to 14 GWh of clean next-generation battery cells based on the 24M Technologies SemiSolidTM platform to Impact Clean Power Technology from 2025 to 2030. Norway-based FREYR Battery is a developer of clean, next-generation battery cell […] Read more
JA Solar Will Set Up First US Solar Module Facility in Arizona of 2 GW Updated On Mon, Jan 16th, 2023 by Saurenergy International solar cell and module manufacturing maker JA Solar has announced that it has leased space for its first manufacturing facility in the US in Phoenix of Arizona. JA Solar said that the new facility will produce high-performance photovoltaic (PV) products, and is expected to be operational by the fourth quarter of 2023. Attracting an […] Read more
Engie Acquires 1,250 MW Solar & Storage Projects in US from Revolve Renewable Power Updated On Fri, Jan 13th, 2023 by Saurenergy Engie has acquired the 250 MW Parker Solar and Storage Project, and the 1,000 MW Bouse Solar and Storage Project from Revolve Renewable Power. The announcement has been made by Revolve Renewable Power and the projects have been sold to Engie IR Holdings LLC that is a wholly owned subsidiary of Engie. The two companies […] Read more
Guwahati Signs INR 2000 Cr MoU for 250 MW/500 MWh Battery Energy Storage System Updated On Thu, Jan 12th, 2023 by Saurenergy ONGC Tripura Company Ltd and Assam Power Distribution Company Ltd have joined forces for the development of a Battery Energy Storage System Project of 250 MW / 500 MWh capacity in Guwahati. Valued at INR 2000 Cr, the project will be executed in a phased manner. The agreement was signed in the presence of Nandita […] Read more
USA’s Leeward RE Raises $260 Mn For Chaparral Springs Solar + Storage Project in California Updated On Thu, Jan 12th, 2023 by Saurenergy Leeward Renewable Energy, A US based firm that delves into the development of new wind, solar, and energy storage projects in energy markets across the US, has announced that it has closed about $260 million in construction financing and secured tax equity commitments for its Chaparral Springs Solar + BESS Facility. The renewable energy project […] Read more
