Redwood Materials Gets $2 Billion Federal Funds For EV Battery Materials Plant Updated On Mon, Feb 13th, 2023 by Saurenergy The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has announced a loan of $2 billion to Redwood Materials for the construction and expansion of a battery materials campus in Nevada. This is to support the growing EV market in America. DOE said that the Redwood Materials project will be the first facility in […] Read more
IRA to Swell US Renewables Investment to $114 Billion: Wood Mackenzie Updated On Fri, Jan 20th, 2023 by Saurenergy A new report by Wood Mackenzie says that the Inflation Reduction Act (IRA), a Biden law that accelerates renewables and decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. It said that a rise from $64 billion in 2022 to nearly $114 billion is expected by 2031. The […] Read more
GoodWe Listed Among Top 3 Hybrid Inverter Suppliers Globally by Wood Mackenzie Updated On Tue, Aug 23rd, 2022 by Saurenergy GoodWe was listed as one of the top 3 hybrid inverter suppliers globally in 2021, taking around 13% global market share according to data released by, the world’s leading authority on energy research. Since its establishment in 2010, GoodWe told that they have been continuously focusing on PV inverters and energy storage solutions and have […] Read more
Wood To Deliver Design Services For Floating Wind Farm In Scotland Updated On Mon, Aug 8th, 2022 by Saurenergy Engineering and project management company Wood has announced that it has been awarded the Principal Designer and Pre-FEED scope for Salamander, the 100MW floating wind farm development located off East Coast of Scotland. The Salamander project is a joint venture between Simply Blue Group, Orsted and Subsea 7. The official statement of Wood held that […] Read more
US Community Solar Sector Market Forecast To Grow By 2027: Wood Mackenzie Updated On Thu, Aug 4th, 2022 by Saurenergy Wood Mackenzie has revealed in its new research that the American community solar market will continue to grow over the next five years, with at least 7 GWdc of community solar expected to come online between 2022-2027. The research by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA), has said that […] Read more
500GW of Energy Storage Will Be Globally Available By 2031: Wood Mackenzie Updated On Thu, Jul 28th, 2022 by Saurenergy UK-based data provider Wood Mackenzie has released its Global Energy Storage Outlook today. According to this report, market growth for global energy storage has been uneven, with cumulative storage deployments anticipated to reach 500GW by 2031. Only 159-gigawatt hours (GWh) are projected for the region by 2031, compared to 422 GWh for China and 600 […] Read more
Volkswagen And Audi Seal Deal With Redwood On EV Battery Recycling In US Updated On Wed, Jul 13th, 2022 by Saurenergy Automobile majors, Volkswagen and Audi have resurrected their plans for old battery packs from their fleet of EVs. The two automobile giants have sealed a deal with Redwood to recover and recycle end-of-life EV battery packs from their networks in the United States. In accordance with this deal, Redwood will bring the packs to its […] Read more
Woodmac Ranking for Inverter Shipments In 2021 Retains Huawei at 1, Top 5 Firms Chinese Updated On Fri, Jul 8th, 2022 by Saurenergy In the second global PV Inverter rankings in two weeks, it is the turn of Wood Mackenzie, a Verisk business to release the numbers. And the rankings makes for an interesting list, as Huawei has managed to protect its leadership herem unlike in the case of the IHS Markit’s rankings in June. Consolidation at the […] Read more
Toyota Partners With Redwood Materials For Closed Loop EV Batteries Updated On Wed, Jun 22nd, 2022 by Saurenergy Toyota Motors has swung into action by driving the future of its electric vehicles (EV) with help from its new partner, a battery recycling startup, Redwood Materials, founded by Tesla Co-founder and former CTO, JB Straubel. The startup will help the Japanese automaker develop a battery supply chain that collects, recycles, refurbishes and remanufactures EV […] Read more
