EV Start-Ups River And OTO Raise $40 Million & $10 Million Respectively Updated On Wed, Feb 7th, 2024 by Saurenergy As the electric vehicle industry in India is finding ways to steady rise, the start-ups in the EV ecosystem are strengthening the supply chain and expanding by garnering fresh funds. In fresh developments, EV maker River and EV finance firm OTO have raised $40 million and $10 million to further their businesses River Secures $40 […] Read more
Australia In Focus as Pacific Green Targets 12 GWh Global BESS Capacity Updated On Tue, Feb 6th, 2024 by Saurenergy UK based Global energy storage and environmental technology company, Pacific Green Technologies, Inc. is targeting more than 12GWh of battery energy storage capacity across four global markets. Having achieved rapid pipeline growth to 6GWh in 2023 – taking scale positions in the emerging Italian and Australian energy storage markets, as well as moving its first […] Read more
Second ‘Brookfield Global Transition Fund’ Begins With $10 Billion Updated On Tue, Feb 6th, 2024 by Saurenergy Brookfield Asset Management has secured $10 billion in the initial closing of the second installment of the Brookfield Global Transition Fund (BGTF II), encompassing both fund commitments and strategic capital from its investor network. Leading the helm of BGTF II are Mark Carney and Connor Teskey (pictured), jointly focusing on investments aimed at hastening the […] Read more
Atrato Solar Farm Commissioned in UK; To Fulfill 75% Power Need Of Soft-Drink Company Updated On Fri, Feb 2nd, 2024 by Saurenergy United Kingdom-based soft drinks manufacturer Britvic soft drinks will now make its product using 75 percent solar power. The company will be getting the solar power supply from a 160-acre solar farm in Northamptonshire which renewable energy company Atrato Onsite Energy owns. The 650,000 square meter solar installation will scale up to produce 28MW power. […] Read more
China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
Five Trends Which Can Shape Lithium-Ion Market In 2024 Updated On Fri, Feb 2nd, 2024 by Saurenergy The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. It stated, “While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing market, subdued electric […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
Reliance Backed Wafer Manufacturing StartUp NexWafe Plans 6GW US Manufacturing Plant Updated On Mon, Jan 29th, 2024 by Saurenergy German solar startup NexWafe GmbH, which counts India’s Reliance among its key investors, is considering a major expansion in the US with 6 GW of solar wafer manufacturing capacity there. Towards this end, NexWafe GmbH has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial […] Read more
