Australia Steps Up New Initiatives Towards Net Zero By 2050 Updated On Thu, Aug 4th, 2022 by Saurenergy In a significant break from the previous administration, the Australian federal government has proposed legislation that will secure Australia’s pledge to reach net zero by 2050 as well as provide greater monitoring and accountability over climate change progress. The Climate Change Bill 2022, as it is known, consists of four essential provisions that the MPs […] Read more
Ampt Files Two Lawsuits Alleging Patent Infringement By SolarEdge Updated On Thu, Aug 4th, 2022 by Saurenergy United States-headquartered power optimizer company, Ampt has filed two patents infringement lawsuits against SolarEdge in the United States. The lawsuit has been filed with the US International Trade Commission (ITC), asking for a restriction on imports of SolarEdge’s power systems and components infringing Ampt’s patents. At the same time, Ampt has also filed a similar […] Read more
European Bank To Invest $21.4M In Azerbaijan’s Solar Plant Updated On Wed, Aug 3rd, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […] Read more
Longroad Energy To Invest $500 Million To Expand Renewable Energy Portfolio Updated On Wed, Aug 3rd, 2022 by Saurenergy Longroad Energy Holdings, a renewable energy developer and holding company based in the United States, has announced a $500 million equity investment by MEAG, an asset management arm for entities of Munich Re, to expand its 1.5 GW portfolio of owned assets to 8.5 GW of wind, solar, and storage projects over the next five […] Read more
First Solar Announces Q2 2022 Financial Results: QoQ Growth 99% Updated On Tue, Aug 2nd, 2022 by Saurenergy US solar panel manufacturer First Solar has announced its Second quarter (Q2) 2022 financial results, reporting net sales worth $621 million for the second quarter, an increase of $254 million from the prior quarter. This 99% increase in QoQ was primarily a result of increased module sales volume and a gain on the sale of […] Read more
Clean Power Quarterly Market Report -2022 By American Clean Power Updated On Sun, Jul 31st, 2022 by Saurenergy According to the recently published Clean Power Quarterly Market Report Q1 2022 by the American Clean Power Association (ACP) on clean power industry began 2022 with a robust first quarter despite impending obstacles and uncertain policy landscapes. More than 6.6 GW of new capacity for clean power was installed in the United States during the […] Read more
Overview Of Hydrogen Production From Carbon-Free Nuclear Energy-2022 Updated On Fri, Jul 29th, 2022 by Saurenergy Think tank Nuclear Hydrogen Initiative has released a report on ‘Hydrogen Production From Carbon-Free Nuclear Energy in 2022’. Nuclear energy, especially from cutting-edge reactors, is essential to the development of clean, low-carbon hydrogen production pathways and the long-term viability of the hydrogen economy. Hydrogen has become more prominent as one viable route to net-zero as […] 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
From $316.05M To $530.2M, Enphase Almost Doubles Revenue in Q2 2022 Updated On Thu, Jul 28th, 2022 by Saurenergy California-based microinverter manufacturer Enphase Energy has announced its consolidated results for the second Quarter ending June 2022. Enphase reported a 42.2% non-GAAP gross margin & $530.2 million in revenue in the second quarter of 2022, while the second quarter of 2021 was $316 million along with a 40.8% non-GAAP gross margin. In Q2 of 2022, Enphase […] Read more
