World’s Largest Green Hydrogen Project to Get $500m from US Govt Updated On Thu, Apr 28th, 2022 by Saurenergy The US Department of Energy (DOE) has announced that it has conditionally committed for up to $504 million in debt financing for the Advanced Clean Energy Storage Project which is expected to be the world’s largest industrial green hydrogen production and storage facility. The commitment is made to companies: Advanced Clean Energy Storage, Mitsubishi, Magnum […] Read more
51 MWh Vanadium Flow Battery Goes Online In Japan Updated On Thu, Apr 7th, 2022 by Saurenergy Japanese technology major and part of the eponymous conglomerate, Sumitomo Electric has announced the start of the largest vanadium redox flow battery (VRFB) energy storage systems in the northern Japanese island of Hokkaido from April 1. The battery is also one of the largest worldwide of its type. Sumitomo Electric said that the 17MW/51MWh VRFB […] Read more
ENGIE North America Gets $800m Financing for 665 MW Wind, Solar Projects Updated On Fri, Apr 1st, 2022 by Saurenergy ENGIE North America has announced that the company has successfully completed Tax-Equity financing for its Iron Star (Kansas) and Priddy (Texas) wind projects and Equity financing for the portfolio of these assets along with Hawtree solar project. The solar project was recently declared commercially operational. Together the projects total 665 MW. ENGIE says that leading […] Read more
Karnataka Renewable Energy Policy Approved By State Cabinet Updated On Thu, Mar 31st, 2022 by Saurenergy The Cabinet of the State Government of Karnataka has cleared the Karnataka Renewable Energy Policy for the period of 2022-2027, that seeks to maintain the state’s reputation as a renewable energy leader. The policy says that in the next five years, Karnataka will have a renewable power generation capacity of 10 GW. The policy wants […] Read more
Arcelor Mittal, Greenko In $600 million deal for 975 MW RTC power Updated On Wed, Mar 23rd, 2022 by Saurenergy In one of the largest corporate deals to mitigate carbon emissions in India, metals major ArcelorMittal has announced it will invest $600 million (Over Rs 4500 crores) to develop, in partnership with Hyderabad based Greenko Group, a 975-MW ‘round the clock’ renewable energy project in Andhra Pradesh. ArcelorMittal had declared plans to foray into green […] Read more
MoP issues guidelines for procurement & utilisation of BESS Updated On Mon, Mar 14th, 2022 by Saurenergy The Ministry of Power (MoP) has notified a new resolution of the Guidelines for the procurement and utilisation of battery energy storage systems (BESS) as part of generation, transmission and distribution assets, along with ancillary services. Specific Objectives of the Guidelines: To facilitate procurement of BESS, as part of individual RE power projects or separately, […] Read more
How Australia’s States Are Leading The Renewables Push Updated On Fri, Mar 11th, 2022 by Saurenergy Australia’s states have taken the lead in the push for renewables, with Tasmania setting a 200% target for renewable energy by 2040. NSW and South Australia have also made aggressive plans. The country already has a rooftop solar penetration of over 30%, the highest in the world, making rooftop solar the largest contributor to its […] Read more
Swiss uni researchers report breakthrough for battery production tech Updated On Mon, Mar 7th, 2022 by Saurenergy Micro supercapacitors could revolutionise the way we use batteries by increasing their lifespan and enabling extremely fast charging. Manufacturers of everything, from smartphones to electric cars, are therefore investing heavily into research and development of these electronic components. Now, researchers at Chalmers University of Technology, Sweden, claim to have developed a method that represents a […] Read more
750 miles range achieved, $65m funding follows for EV battery maker ONE Updated On Fri, Mar 4th, 2022 by Saurenergy Our Next Energy (ONE), a Michigan-based energy storage technology company, has raised $65 million following its $25 million Series A that was led by Breakthrough Energy Ventures in October 2021. This new funding round, led by BMW i Ventures, will allow ONE to expand its operations and prepare for increasing demand and customer activity, said […] Read more
