DOE Unveils $135 Million Investment to Propel Industrial Decarbonization in America Updated On Fri, Jun 16th, 2023 by Saurenergy The U.S. Department of Energy (DOE) has announced a substantial investment of $135 million in 40 projects aimed at industrial decarbonization, crucial in driving the nation towards a net-zero emissions economy by 2050. By advancing transformative and innovative technologies, these projects will play a significant role in decarbonizing the U.S. industrial sector. “America’s industrial sector […] Read more
DNV Survey Puts Solar plus Storage At Centre OF Future Efficiency, Resilience Updated On Thu, Jun 15th, 2023 by Saurenergy Accelerating solar-plus-storage in the next five years will be important for boosting the efficiency and resilience of global energy networks, according to 92% of energy industry professionals. The finding is from DNV’s Industry Insights research, which surveyed global energy industry professionals on their outlook, expectations and priorities for the year ahead. Frequently referred to as the ‘power […] Read more
Indian Investor, Others Help Australian Battery Startup Sicona To Raise AU$22m Funds Updated On Thu, Jun 15th, 2023 by Saurenergy Australian battery startup Sicona Battery Technologies (Sicona) has now announced raising AU $22 million in Series A funding, which will be used to further the company’s development plans in Australia and the United States. The $22 million investment was led by India’s Himadri Speciality Chemical Ltd, leading Australian venture capital investor Artesian, and Electrification & […] Read more
Power Minister Meets French Delegation, Discusses Energy Transition Collaboration Updated On Wed, Jun 14th, 2023 by Saurenergy Union Minister for Power R. K. Singh recently held a meeting in New Delhi with Chrysoula Zacharopoulou, Minister of State for Development, Francophonie, and International Partnerships, attached to the Minister for Europe and Foreign Affairs. The minister, who also holds the additional portfolio of the New and Renewable Energy also met Emmanuel Lenain, Ambassador of […] Read more
Cheaper Than Imports? US Counts On Inflation Reduction Act To Galvanise RE Manufacturing Updated On Tue, Jun 13th, 2023 by Saurenergy Researchers at Dartmouth and Princeton released a report on the estimated impacts the Inflation Reduction Act will have on the US wind and solar industry, including changes in wind and solar manufacturing, labor standards for clean energy workers, job creation, and demand for materials. Specifically, the report explores the impacts of the law’s clean electricity production and investment […] Read more
Duke Energy in $2.8 Billion Deal with Brookfield Renewable for Commercial Renewables Business Updated On Tue, Jun 13th, 2023 by Saurenergy A key US electricity distributor and generator, Duke Energy has announced reaching reached an agreement to sell its unregulated utility scale commercial renewables business to Brookfield Renewable for $2.8 billion. Brookfield is one of the world’s largest owners and operators of renewable power and climate transition assets. Duke Energy’s expected net proceeds from this transaction […] Read more
Trina Solar Aims To Use 100 RE Power In Global Manufacturing By 2030 Updated On Mon, Jun 12th, 2023 by Saurenergy Solar photovoltaic module solution and energy company Trina Solar has now vowed to use 100 percent renewable energy for its global manufacturing and operations by the end of 2030. The company has outlined its plan to go net-zero with its greener ambitions. The company said that it had expanded its sustainability efforts by implementing various […] Read more
EU Focus On Renewables Could Add 69 GW in 2023 Updated On Mon, Jun 12th, 2023 by Saurenergy The EU’s renewed focus on renewable energy is no secret, especially after the Russian-Ukraine war that started last year. New reports indicate that the continent could see additions of as many as 69 GW in renewable capacity, mostly solar, in 2023. That, combined with a high focus on bringing manufacturing back to the region, indicates […] Read more
Amp Energy Closes Investments Totaling USD 250 Million From SMBC, ICG, and AIIB Updated On Mon, Jun 12th, 2023 by Saurenergy Delhi-based Amp Energy India, with a total portfolio of 2.7GW+ spread across 17 states in the country Mumbai, Bangalore & Kolkata. The company has secured up to USD 250 million from SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank) to fund the growth of the […] Read more
