First Solar, Fiserv Sign Tax Credit Transfer Pacts Under Inflation Reduction Act Updated On Thu, Dec 28th, 2023 by Saurenergy First Solar, a solar technology company entered into two separate tax credit transfer agreements (TCTAs) between Fiserv, Inc. and First Solar. These agreements were made to sell $500 million and up to $200 million, respectively, of 2023 Inflation Reduction Act (IRA) Advanced Manufacturing Production tax credits to Fiserv, Inc. The agreement is subject to satisfaction […] Read more
LG Energy Solution Vertech Secures 10 GWh ESS Project in US Updated On Fri, Dec 22nd, 2023 by Saurenergy LG Energy Solution Vertech has secured 10 gigawatt-hours (GWh) of grid-scale battery energy storage (ESS) projects in the United States for the upcoming year, capitalizing on the potential foreseen in the US ESS market. This 10 GWh initiative encompasses the development of 10 integrated battery energy storage systems. The collective impact of these installations will […] Read more
Waaree Energies To Build 3 GW Module Manufacturing Facility in US Updated On Thu, Dec 21st, 2023 by Saurenergy Indian module manufacturer Waaree Energies announced that it would establish its first United States (US)-based solar module manufacturing facility in Houston. The facility in Brookshire will have the initial capacity to manufacture 3 gigawatts (G.W.) of solar modules annually by the end of 2024. Waaree plans to invest up to $ 1 billion over the […] Read more
LG Chem Rides IRA Benefits to Set Up Largest Cathode Materials Plant in US Updated On Wed, Dec 20th, 2023 by Saurenergy LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. […] Read more
Hindalco Joins Hands with USA’s C4V to Develop Battery Material Updated On Wed, Dec 20th, 2023 by Saurenergy C4V, a firm specializing in Li-Ion battery technology based in the United States, has entered into a Memorandum of Understanding (MOU) with Hindalco Industries. This agreement focuses on producing and delivering aluminum foils, coated foils, and structural components specifically tailored for Li-ion cells, serving the expanding market for EV battery materials. The collaboration’s primary objective […] Read more
South Africa Announces Tender for 5 GW Renewable Capacity under BW7 Updated On Tue, Dec 19th, 2023 by Saurenergy The Department of Mineral Resources and Energy (DMRE) of South Africa has released a tender under the seventh bid window (BW7) under its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The tender seeks bids for the development of 5 GW of renewable capacity, entailing 3.2 GW of wind and 1.8 GW of solar capacity. […] Read more
Hindalco to Infuse INR 800 Cr for Battery Foil Manufacturing Facility Updated On Tue, Dec 12th, 2023 by Saurenergy Hindalco Industries, the world’s largest aluminium rolling and recycling company, plans to significantly expand its manufacturing capacity of aluminium foil that is used in rechargeable batteries to serve the rapidly growing market for electric vehicles (EVs) and energy storage systems. The firm is investing INR 800 crore to build a new plant near Sambalpur in […] Read more
33 GW Solar In Sight In US For 2023, With 6.5 GW Additions In Q3 Updated On Tue, Dec 12th, 2023 by Saurenergy The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold. As a result of this growth, the United States is expected to add a record 33 gigawatts (GW) of solar capacity in 2023, according to the […] Read more
US-India Energy Storage Task Force Commences Operations Updated On Tue, Dec 12th, 2023 by Saurenergy The United States (US)-India Energy Storage Task Force, first announced in October 2022 Ministerial meeting of the US-India Strategic Clean Energy Partnership (SCEP) held between Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri and US Energy Secretary Jennifer Granholm, commenced operations today. The public-private US-India Energy Storage Task Force (ESTF) was established by […] Read more
