Bill Gates Backed Iron Battery Firm ESS Listed on NYSE Updated On Tue, Oct 12th, 2021 by Saurenergy Large Battery firm ESS, with its listing on the New York Stock Exchange (NYSE), can now claim to be the first publicly traded long duration storage company in the world. The firm, which went public through a SPAC (Special Purpose Acquisition Company) with Acon S2 Investment Corp. has started trading on the New York Stock […] Read more
Pole-mounted EV Charging Stations Set up in Kerala Updated On Tue, Oct 12th, 2021 by Saurenergy The Kerala State Electricity Board (KSEB) is going in for ‘pole-mounted charging stations’ for electric vehicles in a big way. To be launched with 10 charging stations mounted on electricity poles in Kozhikode city, Kerala, on Saturday, the programme will be extended to other parts of the State with 1,000 units in Phase II. The […] Read more
Global Microgrids Market to Reach $46 B by 2026, China to be at $12 B Updated On Tue, Oct 12th, 2021 by Saurenergy Global market for microgrids estimated at US$27 billion in the year 2020, is projected to reach a revised size of US$46.5 billion by 2026, growing at a CAGR of 9.3% over the period, according to a new report. Key highlights of the “Microgrids: Global Market Trajectory & Analytics” report are given below: Global Micro Grids Market to […] Read more
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
ACWA Power to Go Public, Expected to Drive RE Boom in Saudi Arabia Updated On Fri, Oct 8th, 2021 by Saurenergy Saudi Arabia’s ACWA Power shares will debut on the main market of the Saudi Stock Exchange on Monday, October 11, according to a bourse filing, which is expected to translate into a larger push for renewables in the Kingdom. The utility developer announced an international initial public offering (IPO) plan in September, aiming to raise USD […] Read more
Aker Unveils Underwater Innovation for Floating Offshore Wind Updated On Fri, Oct 8th, 2021 by Saurenergy Aker Offshore Wind has outlined plans to utilise Scotland’s first offshore wind underwater substation as part of its bids for major offshore windfarms. The multi-million subsea innovation would be developed, manufactured, and supplied in Scotland by Aker Solutions and provide major export opportunities for Scottish businesses. Substations – which help move the energy created by […] 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
