Northvolt Raises $1.1 Billion To Roll Out Battery Factory In Europe Updated On Thu, Jul 7th, 2022 by Saurenergy Swedish battery manufacturer Northvolt has shared signing a $1.1 billion convertible note towards financing the expansion of battery cell and cathode material production in Europe. The decision has been taken to complement the increasing demand for batteries. Investors that lent participation in the capital raise included AMF, AP funds 1-4, ATP, Ava Investors, Baillie Gifford, […] Read more
Fluence Energy Announces Technology Center in Bangalore for Global Support Updated On Thu, Jul 7th, 2022 by Saurenergy Energy storage technology and services provider, Fluence Energy has announced its new global technology center in Bangalore, India. Fluence India Technology Centre will mark local presence in India. Along with this initiative, the company is also looking to enhance its technical capabilities and expand global talent to support product strategy execution. As per the company, […] Read more
ECA Committee for Risk Assessment Wants Lithium Salts to be in Category 1A Updated On Thu, Jul 7th, 2022 by Saurenergy A major international chemical maker has warned that new draft proposals labeling some materials as “hazardous” could impact negatively investments in the lead and lithium battery sectors in Europe. The European Union (ECA Committee) was forewarned by lithium and battery manufacturers that a proposal to label the metal as hazardous may seriously harm Europe’s expanding […] Read more
LG Secures $6.1 Bn Worth Orders For EV Parts In H1 2022 Updated On Wed, Jul 6th, 2022 by Saurenergy South Korean company LG Electronics has revealed securing $6.1 billion worth of new orders for electric vehicle (EV) parts and solutions. This figure is from the first half of 2022 and signifies that the company’s new growth engine is making headways. The fresh orders are believed to be for invehicle infotainment system and its telematics […] Read more
Arctech To Supply Solar PV Trackers to Brazilian Project Worth 168MW Updated On Wed, Jul 6th, 2022 by Saurenergy America based solar tracker manufacturer, Arctech has announced that it has signed an agreement with Mori Energia for the supply of solar PV trackers for a Brazilian solar power project worth 168 MW, SkyLine Project. The company says that the new order shows the dedication of Arctech to strengthen its foothold in Brazil and expand […] 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
Grid-Scale Energy Storage Systems Are The New Evolution for Energy Sector Updated On Wed, Jul 6th, 2022 by Saurenergy In the next decade, Energy Storage Systems (ESS) is tipped to make its mark in the power industry. The most recent standalone ESS tenders from Solar Energy Corporation of India and NTPC are poised to increase capacity and augment the growth of the regional ecosystem. India’s goals for renewable energy will depend heavily on […] Read more
Kia Installs India’s Fastest EV Charger In Gurugram Updated On Wed, Jul 6th, 2022 by Saurenergy Giving a fresh fillip to the charging infrastructure in the country, auto giant Kia has said that it has installed India’s fastest electric vehicle charger at one of its official dealerships – Dhingra Kia – in Gurugram, Haryana. Kia has said that it will be installing as many as 15 such superfast electric vehicle chargers […] Read more
Enlight About To Acquire 525 MW Solar, Wind Projects In Croatia Updated On Wed, Jul 6th, 2022 by Saurenergy Israel based clean electricity producer Enlight Renewable Energy has announced the signing of an agreement for the acquisition and joint development of a 525 MW portfolio of renewable energy projects in Croatia. The portfolio comprises five projects, four of which are solar, totaling 386 MW and one of which is wind, totaling 139 MW. These […] Read more
