Magenta to Invest ₹250 Cr in Setting Up EV Mfg Plant in Tamil Nadu Updated On Wed, Nov 24th, 2021 by Saurenergy Magenta, an Indian Charge Point Operator (CPO) company, has signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building EV charging infrastructure in the state. Maxson Lewis, CEO and MD, Magenta, signed the MoU in the presence of the Chief Minister of Tamil Nadu, M.K. Stalin, at the […] Read more
Tech Firm Lancium Raises $150M to Advance Decarbonisation Solutions Updated On Wed, Nov 24th, 2021 by Saurenergy Lancium Technologies Corporation, a technology firm focused on energy transition, has announced that it has closed $150 million in financing from leading energy companies and investors. Hanwha Solutions, a South Korean provider of clean energy solutions and owner and operator of Q CELLS, led this financing round. Lancium also received support from Novawulf and other […] Read more
RWE Picks SMA Technology to Build Major German Storage Facility Updated On Wed, Nov 24th, 2021 by Saurenergy Energy utility RWE is building a battery energy storage system (BESS) with a total output of 117 megawatts in Germany. The system technology used for integrating and optimally controlling the charging and discharging of the 420 lithium-ion battery racks of the battery storage system is being supplied by SMA Solar Technology. The storage project will […] Read more
Mitra Chem Raises $20 M Series A to Fund Li-ion Battery Materials R&D Updated On Tue, Nov 23rd, 2021 by Saurenergy Mitra Future Technologies (Mitra Chem), a North American producer of lithium-ion battery materials, has announced the completion of a $20 million Series A round that was led by Social Capital, a California investment firm. The firm plans to use the capital from the round to invest in product R&D and expand North American pre-pilot production […] Read more
S Korea to Push Hydrogen Ammonia Pwr Gen Project, Replace Coal, LNG Updated On Thu, Nov 18th, 2021 by Saurenergy The Korean government will promote the commercialisation of hydrogen and ammonia co-firing power generation to replace coal and liquefied natural gas power generation. The government is planning to significantly reduce greenhouse gas emissions by commercialising ammonia co-firing power plant by 2030 (20 per cent) and hydrogen by 2025 (more than 30 per cent). The Ministry of Trade, […] Read more
India Needs $10 T Investment to Achieve Net-Zero by 2070: CEEW-CEF Updated On Thu, Nov 18th, 2021 by Saurenergy India would need cumulative investments of USD 10.1 trillion to achieve net-zero emissions by 2070, according to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF). These investments would help decarbonise India’s power, industrial, and transport sectors. However, the first-of-its-kind study also estimated that India could face a significant investment shortfall […] Read more
Rio Tinto Invests in InoBat to Support Battery Ecosystem in Europe Updated On Thu, Nov 18th, 2021 by Saurenergy UK-headquartered mining firm Rio Tinto is investing in Inobat Auto, a battery technology and manufacturing company, to support the development of a battery ecosystem in Europe. This investment will support the completion of InoBat’s research and development centre and pilot battery line in Voderady, Slovakia. It follows a Memorandum of Understanding signed in May, outlining an […] Read more
Annual PV Installations to Cross 200 GWdc Mark in 2022: IHS Markit Updated On Thu, Nov 18th, 2021 by Saurenergy Global solar PV installations will see over 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, at a total investment of at least $170 billion, despite continuing rising costs of production, according to a new report by the Clean Energy Technology service at U.K.-based market observer IHS Markit. Until recently, declining […] Read more
Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF Updated On Thu, Nov 18th, 2021 by Saurenergy Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […] Read more
