Nexcharge Starts Production of Li-ion Battery Packs and Modules Updated On Fri, May 6th, 2022 by Saurenergy Nexcharge has announced the inauguration of its manufacturing plant at Prantij, Gujarat which is spread across 6 lakh square feet for the production of Li-ion battery packs and modules (Pouch/ Prismatic/ Cylindrical Nexcharge says that the facility has 6 fully automated assembly lines and testing labs with an installed capacity of 1.5 GWh and will […] Read more
Vitesco Technologies gets €2 billion order from Hyundai to deliver EMR4 axle drive Updated On Fri, May 6th, 2022 by Saurenergy Further expanding its axle drive business, Hamburg, Germany based Vitesco Technologies has announced that the company has secured a €2 billion contract to supply its new generation axle drive EMR4 (Electronics Motor Reducer) to Hyundai Motor Group. In March, Vitesco Technologies had announced about the very order in its annual press conference but the name […] Read more
Energy Vault, Two Others Construct Gravity-Based Energy Storage in China Updated On Fri, May 6th, 2022 by Saurenergy Energy Vault Holdings announced the groundbreaking for the first EVx deployment for gravity based energy storage system in China. The 100 MWh EVx system is being built adjacent to a wind farm and national grid site in Rudong located outside of Shanghai to augment and balance China’s national energy grid through the delivery of renewable […] Read more
Pumped hydro resurfaces when sun doesn’t shine and wind doesn’t blow Updated On Fri, May 6th, 2022 by Saurenergy When the sun doesn’t shine and the wind doesn’t blow, grid-scale energy storage will be a big challenge as climate neutrality increasingly presses for a massive scale-up. Pumped hydro is back and can catapult India into the big league to make up for the lost opportunities. Not just that, as we are seeing during the […] Read more
SECI’s Tranche V Hybrid Auction for 1200 MW Goes At Rs 2.53/Unit Updated On Fri, May 6th, 2022 by Saurenergy In results that most industry watchers will consider more than good enough, SECI has managed to attract winning bids at Rs 2.53/unit from Tata Power, NTPC and AMP Energy at Rs 2.53 each for it 1200 MW Hybrid auction. The winning bids, while higher than the last Hybrid auction which attracted bids at Rs 2.34 […] Read more
Denmark to build energy islands for greater supply of renewable energy Updated On Thu, May 5th, 2022 by Saurenergy Denmark is mulling to build two energy islands that can supply renewable energy produced offshore sources to the domestic market of Denmark and other countries of Europe. Minister of Climate, Energy, and Utilities of Denmark, Dan Jorgensen has recently said that Denmark and the rest of Europe must get rid of Russian fossil and for […] Read more
NTPC Hopes To Raise Rs 2,000 crore From Stake Sale In NGEL Updated On Thu, May 5th, 2022 by Saurenergy State owned National Thermal Power Corporation (NTPC) is planning to sell a stake in its subsidiary NTPC Green Energy (NGEL) that was formed to develop renewable energy projects. NTPC is expected to raise about Rs 2,000 crore from the sale of the stake. The corporation has earlier indicated that the sale was likely by October […] Read more
‘Big Battery’ fuels revenue jump at French renewables group Neoen Updated On Wed, May 4th, 2022 by Saurenergy French renewable power producer Neoen ‘s first-quarter revenue jumped by more than a third, helped by the commissioning of one of the world’s largest lithium-ion batteries in Australia, the company said on Tuesday. Neoen, which specialises in solar farms, onshore wind and energy storage, posted overall sales up 36 per cent at 109 million euros […] Read more
Germany Pledges €10 billion support for India to achieve 500GW RE by 2030 Updated On Wed, May 4th, 2022 by Saurenergy Prime Minister Narendra Modi and Germany Chancellor Olaf Scholz signed a joint declaration in Berlin according to which Germany has pledged €10 billion ($10.52 billion) support to India until 2030 to help the country meet its target of raising its non-fossil energy generation capacity to 500 GW. PM Modi and Chancellor Scholz signed a joint […] Read more
