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
Euler Motors Closes its ‘Series A’ Investment Round at $9.5 million Updated On Thu, Mar 18th, 2021 by Saurenergy Delhi-based electric last-mile logistic solutions provider, Euler Motors has announced that it has closed its Series A funding round at USD 9.5 million, with additional investments of USD 2.6 million from ADB Ventures and Blume Ventures. The investments were made by the ADB Ventures Equity Fund, which is ADB Ventures’ first investment fund in any […] Read more
419.74 MW Installed in February, Renewable Capacity in India at 92.97 GW Updated On Wed, Mar 17th, 2021 by Saurenergy MNRE in its monthly summary has detailed that with 419.74 MW installed in February, total renewable energy capacity in India has reached 92.97 GW. The Ministry of New and Renewable Energy (MNRE) has issued a monthly summary for the Cabinet for the month of February 2021, detailing all the events and development that took place during the […] Read more
IIT Brings Prototype to Use Hydrogen Fuel With Ease and Safety Updated On Wed, Mar 17th, 2021 by Saurenergy IIT (BHU) professor Dr. Rajesh Kumar Upadhyay has come up with a membrane reformer prototype for producing ultra-pure hydrogen from methanol. IIT (BHU) professor Dr. Rajesh Kumar Upadhyay, department of chemical engineering and technology, and his team have come up with a membrane reformer prototype that can produce ultra-pure hydrogen from methanol. The team informed […] Read more
Europe To Become World’s Second Largest Li-ion Battery Manufacturer By 2025 Updated On Tue, Mar 16th, 2021 by Saurenergy Europe is all set to become the world’s second-largest manufacturer of lithium-ion battery cell by 2025, said a European Commission (EC) vice-president, although some key challenges need to be addressed. In a high-level ministerial meeting of the European Battery Alliance (EBA), to support the continent’s multinational drive for a huge domestic production base and supply […] Read more
Bechtel Supports RE Technology to Accelerate UK Offshore Wind Generation Updated On Tue, Mar 16th, 2021 by Saurenergy Hexicon, Swedish floating windfarm developer and technology provider and Bechtel are partnering to deliver large-scale offshore floating wind projects along the British coastline and abroad. Bechtel is partnering with windfarm developer Hexicon to demonstrate innovative offshore wind technology for large-scale floating power generation projects off the coast of the U.K. The floating technology could be […] Read more
GWEC: 22 GW Wind Power Additions in North, Latin America In 2020 Updated On Mon, Mar 15th, 2021 by Saurenergy A recent report by the Global Wind Energy Council (GWEC) confirms that both North and Latin America, installed nearly 22 GW of new capacity of wind power in the region, a 62 percent spike over 2019 beating back the impact of COVID 19 comprehensively. According to the latest data released by GWEC Market Intelligence, in […] 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
40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
