ReNew Bags 50 MW Hybrid Deal In Corporate PPA With DCM Shriram Updated On Fri, Aug 5th, 2022 by Saurenergy DCM Shriram Ltd. (DCM Shriram), a leading business conglomerate with a group turnover of Rs 9,849 crore, and ReNew Power, have announced the signing of two Captive Power Agreements (CPAs) that will see 50 MW of renewable energy supplied from ReNew’s two upcoming projects in Bhavnagar, Gujarat, to DCM Shriram’s Chlor-Alkali manufacturing facility in Bharuch […] Read more
Volvo Group Expedites Work To Set Up Battery Production Plant In Sweden Updated On Fri, Aug 5th, 2022 by Saurenergy The Volvo Group has announced that it has initiated the process to establish a large-scale production plant for battery cells in Sweden. This is aimed at meeting the growing demand for battery electric heavy-duty vehicles and machines. Martin Lundstedt, President and CEO of the Volvo Group, commented on the development, “We aim to lead the […] Read more
BASF To Supply Clean Energy To Over 20 Sites Across USA Updated On Fri, Aug 5th, 2022 by Saurenergy Leading US chemical player BASF has revealed that it has entered into a virtual power purchase agreements (VPPAs) for wind and solar power totaling 250 megawatts (MW) for the supply of clean energy to its sits in USA. They are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 of BASF’s […] Read more
The First Factory Of NIO In Europe Will Commence Operation Soon Updated On Thu, Aug 4th, 2022 by Saurenergy Chinese EV startup NIO has said that its first factory in Europe will be operational in September, 2022. There will be no manufacturing of cars in the new facility. The joint announcement was made by Peter Szijjarto, Minister of Hungarian Foreign Affairs and Trade, and Hui Zhang, Vice President of NIO Europe Office in Budapest, […] Read more
Tata Power’s Analyst Call Q1 FY23: Large-Scale Renewable Projects, Orders In Offing Updated On Wed, Aug 3rd, 2022 by Saurenergy Close on the heels of its announcement of Q1 FY 23 results, an analyst call of Tata Power has further shed light on the Q1 FY23 earnings of the power company. The participants of the call included Dr. Praveer Sinha, CEO and MD of TATA Power; Sanjeev Churiwala, CFO; Jinendra Patil, Financial Controller; Soundararajan Kasturi, […] Read more
IOC Wants Green Hydrogen To Meet 10% Of Energy Requirements By 2030 Updated On Wed, Aug 3rd, 2022 by Saurenergy State-owned Indian Oil Corporation (IOC) has said in its annual report that the multinational PSU wants to replace a tenth of its grey hydrogen produced with the use of fossil fuels in its refineries with green hydrogen which is carbon free. The decision is aimed at de-carbonization efforts of the company. Today, the petroleum refining […] Read more
e-Rise Enters Indian Electric Vehicles Market; Produce 30,000 Units A Year Updated On Tue, Aug 2nd, 2022 by Saurenergy Electric vehicle manufacturer eRise – Drive Electric has announced its entry into the Indian markets. eRise makes long range, high performance electric two-wheelers built specifically for Indian road conditions. It’s the automotive arm of KL Group. eRise intends to launch three low speed electric scooters immediately and two high speed vehicles in the coming 3 […] Read more
Toyota-Panasonic Battery JV to Buy Lithium From Nevada Mine of Ioneer Updated On Tue, Aug 2nd, 2022 by Saurenergy Japanese conglomerates Toyota Motor Corp and Panasonic Corp have announced that their joint battery venture will buy lithium from the Rhyolite Ridge mining project of ioneer Ltd. The resource will then be employed to manufacture electric vehicle batteries in the United States. The new entity is called Prime Planet Energy & Solutions (PPES). Australia based […] Read more
ReNew Power Will Invest $8 Billion In Green Hydrogen in Egypt Updated On Tue, Aug 2nd, 2022 by Saurenergy Gurugram based ReNew Power has signed a Memorandum of Understanding (MoU) with the Egyptian government for the development of projects in Egypt for the production of green fuels. The General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy […] Read more
