BP And Thyssenkrupp Steel Sign MoU On Supply Of RE In Steel Production Updated On Tue, Jul 12th, 2022 by Saurenergy British Oil major BP and German metal working giant Thyssenkrupp Steel have signed an MoU to ensure long-term supply of low carbon hydrogen and renewable power for steel production. Among the renewable options for both the companies are blue hydrogen, green hydrogen, wind and solar generation through solar purchase agreements. Steel accounts for 8-11% of […] Read more
M&M Plans To Sell 2 Lakh EVs By FY-27 Updated On Mon, Jul 11th, 2022 by Saurenergy Automobile major Mahindra & Mahindra has recently announced the sale of 2 lakh electric vehicles as its target by FY-27. Its path towards electrification will include the diverse portfolio of five electric vehicles in the coming five years. Rajesh Jejurikar, ED, Mahindra & Mahindra said that the company is looking to invest about $1 billion […] Read more
Germany Looks At Rapid Renewable Energy Expansion Updated On Fri, Jul 8th, 2022 by Saurenergy The German government is looking to come up with a major package of reforms that would give speed to renewable power generation. Speaking in a renewable energy industry event, German Chancellor Olaf Scholz has said that his government wants to end supplies of fossil fuels from Russia considering its armed conflict with Ukraine. The European […] Read more
Growing Prices Will Have No Effect On EV Adoption Updated On Fri, Jul 8th, 2022 by Saurenergy In this conversation with SaurEnergy, Anand Kabra, Vice-Chairman and MD of Kabra ExtrusionTechnik Limited, whose EV vehicles and storage division, Battrixx, has grown at a staggering rate in FY ’22, talks about the firm’s plans and market in India. Battrixx, founded in 2018, is a division of Kabra Extrusion Technik Ltd, which belongs to the […] Read more
Enercon To Receive €500 Million Worth Aid From German Govt Updated On Thu, Jul 7th, 2022 by Saurenergy In a major announcement, Enercon has informed that the German wind turbine maker will receive € 500 million as financial aid from the German Government from the WSF Economic Stabilisation Fund. The state fund is meant to help the renewable energy player to deal with the impact of the COVID-19 led pandemic. The turbine manufacturer […] Read more
Finland Begins Operation On World’s First Large Scale Sand Battery Updated On Thu, Jul 7th, 2022 by Saurenergy Finland has kickstarted operations on world’s first commercial large scale sand-based thermal energy storage system. The battery has been innovated by Polar Night Energy and operated by energy utility in West Finland, Vatajankoski. The dimensions of the steel container are 4×7 metre, which can hold hundreds of tonnes of sand. This sand is further heated […] Read more
Australia Will Now Supply Lithium, Other Critical Minerals To India Updated On Wed, Jul 6th, 2022 by Saurenergy Australia has committed to supplying critical minerals, like cobalt and lithium, to augment India’s electric vehicles, solar power, defence and other strategic segments. During the Australian visit of India’s Minister for Coal and Mines, Pralhad Joshi, Australia’s Minister for Resources and Minister for Northern Australia, Madeleine King held that the island country would commit AUD […] Read more
After over 90% Erosion In Value, QuantumScape Future Has Many Possibilities Updated On Wed, Jul 6th, 2022 by Saurenergy Wall Street has been ominous for most stocks in 2022, more so on smaller, unprofitable growing companies which are typically more sensitive to rising rates, inflation and supply chain challenges. The same has been the case with QuantumScape (QS) investors. QS stock is losing money and there are no product revenues. It is a special-purpose […] Read more
Vattenfall All Set To Fill Up 200MW Thermal Storage Tower In Berlin Updated On Wed, Jul 6th, 2022 by Saurenergy Swedish multinational power company Vattenfall is all set to fill a 45m-high, 200MW-rated thermal energy storage facility with water in Berlin, Germany. The tank is a 2,600MWh system. The tank boasts of holding a capacity of 56 million litres of water that will be heated at 98 degrees celsius. The tank will be merged with […] Read more
