CCI Approves Majority Acquisition of NESCO by Tata Power Updated On Mon, Mar 22nd, 2021 by Saurenergy The Competition Commission of India (CCI) has approved the acquisition of 51% of the equity share capital of NESCO Utility by Tata Power The Competition Commission of India (CCI) has announced that it has approved the acquisition of 51 percent of the equity share capital of North Eastern Electricity Supply Company of Odisha (NESCO Utility) […] Read more
DOE Announces $24.5 Million for Manufacturing Flow Batteries and Resilient Electric Grids Updated On Sat, Mar 20th, 2021 by Saurenergy The United States Department of Energy (DOE) has announced USD 24.5 million to support manufacturing of resilient, modern electricity infrastructure, flow battery systems, and to address the climate emergency. According to DOE, the funding opportunities will uphold research and development (R&D) for the materials and technologies needed to expand the grid with new, clean-energy sources, […] Read more
Indian Oil – Phinergy JV Formed to Boost India’s Green Mobility Aspirations Updated On Fri, Mar 19th, 2021 by Saurenergy Indian Oil – Phinergy JV to manufacture Aluminium-Air systems and indigenous hydrogen storage solutions for promoting green mobility in India The Indian Oil Corporation (Indian Oil) has announced that it has established a Joint Venture (JV) with Israeli start-up company Phinergy which specialises in hybrid lithium-ion and aluminium-air/zinc-air battery systems. The IOC Phinergy Private Limited […] Read more
25% of Urban Population Lives in a City with RE Target, 18% in India: Report Updated On Fri, Mar 19th, 2021 by Saurenergy A new report has found that 25% of the urban population lives in a city with a renewable energy (RE) target, lowering to 18% in India. The latest Renewables in Cities 2021 Global Status Report shows that more than 1 billion people – about 25 percent of the urban population – live in a city with […] Read more
Reshaping the Future of the Electric Grid Through Low-Cost, Long-Duration Discharge Batteries Updated On Thu, Mar 18th, 2021 by Saurenergy A new era of energy provided by renewables may be close, thanks to research begun at the Joint Center for Energy Storage Research (JCESR), a U.S. Department of Energy (DOE) Energy Innovation Hub led by DOE’s Argonne National Laboratory, and continued at its spinoff company, Form Energy. The challenge JCESR addressed is long-duration energy storage – […] Read more
Electric Vehicle Demand in India More Than Doubled in the Last 3 Years Updated On Thu, Mar 18th, 2021 by Saurenergy In a written reply to a question on electric vehicles (EVs) in the Lok Sabha, Minister of State for Heavy Industries Arjun Ram Meghwal said that the number of registered EVs as per the e-Vahan portal during the last three years has seen a consistent increase. As against 69,012 units of EVs sold in India […] Read more
Noon Energy’s Breakthrough Renewable Energy Storage Technology Lands $3M Seed Investment Updated On Wed, Mar 17th, 2021 by Saurenergy Noon Energy Inc., developer of a revolutionary ultra-low-cost battery technology for long-duration energy storage, closed a $3 million Seed stage investment. Prime Impact Fund led the round and was joined by At One Ventures, Collaborative Fund, and Xplorer Capital. “Long duration storage is the missing link to a fully renewable electric grid. This is a difficult challenge because storage times must be […] Read more
Siemens Commissions India’s First HVDC Power Transmission Link Updated On Wed, Mar 17th, 2021 by Saurenergy Siemens has successfully commissioned India’s first high-voltage direct current (HVDC) link between Pugalur and Thrissur. Siemens Limited has announced that it has successfully commissioned India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) technology. The 2,000 megawatts (MW) electricity transmission system, consisting of two links between Pugalur in the state of Tamil Nadu […] Read more
Blockchain Powered LO3 Energy Gets $11 Million For Distributed Energy Marketplace Updated On Mon, Mar 15th, 2021 by Saurenergy Portland, US based LO3 Energy has announced the first close of its $11 million Series B led by existing investor Shell Ventures. The money will go towards further development of Pando, LO3 Energys blockchain based solution that creates a marketplace for renewable energy at a community level. The latest infusion sees LO3’s total fund raising […] Read more
