Pace Digitek Files ₹900 Cr IPO For Setting Up BESS Project Updated On Thu, Apr 3rd, 2025 by Saurenergy Renewable energy and telecom service provider Pace Digitek Ltd has filed for an initial public offering (IPO) worth ₹900 crore and is considering a pre-IPO placement of up to ₹1,800 million, according to its draft red herring prospectus. The IPO plans follow a string of wins for the firm in recent BESS tenders due from […] Read more
CATL, Sinopec Join Hands To Build Battery Swapping Stations Updated On Thu, Apr 3rd, 2025 by Saurenergy Contemporary Amperex Technology Co. Ltd. (CATL) and China Petroleum & Chemical Corporation (Sinopec) have signed a cooperation framework agreement in Beijing, committing to a long-term partnership to develop a nationwide battery-swapping ecosystem. Under the agreement, the companies plan to complete at least 500 battery swap stations this year, with a long-term goal of reaching 10,000 […] Read more
Sarla, Oriana & Pace Digitek Get 350 MWh In Karnataka’s 1 GWh BESS Tender Updated On Thu, Apr 3rd, 2025 by Saurenergy Karnataka Power Transmission Corp Ltd (Kptcl) awarded its 350 MW battery energy storage (BESS) project to three winners namely, Sarla Project Works, Oriana Power, and Pace Digitek. KPTCL released this tender in March this year, 2025 and declared winners within a month, one of the fastest transitions from announcement to results. The bulk power procurer […] Read more
SPML Infra In Tie-Up With Energy Vault To Make, Deploy Batteries In India Updated On Wed, Apr 2nd, 2025 by Saurenergy New Delhi based SPML Infra Limited has signed a licensing and royalty agreement with leading storage solutions firm Energy Vault. For SPML Infra, with its hitherto specific focus on India’s water and energy infrastructure, the tie-up marks a significant push into the energy infrastructure space, where it has had a small but significant presence until […] Read more
CEA Clarifies On New Energy Storage Rule Updated On Wed, Apr 2nd, 2025 by Saurenergy The Ministry of Power (MoP) has amended its provisions to clarify that ongoing government schemes, such as the PM Surya Ghar Muft Bijli Yojana, will continue under their existing rules without new energy storage mandates. It further specified that the energy storage system (ESS) co-location requirement applies only to future solar tenders and not to […] Read more
Can Honda Do An Activa With Its Activa e:? Updated On Tue, Apr 1st, 2025 by Saurenergy Honda Activa is not just a scooter. It stands as a symbol of no-nonsense mobility, deeply embedded in our memories and popular culture, and has even been immortalised in a hit song embraced by Gen Alpha. Launched in 2001, the petrol Activa revolutionised personal mobility in India, becoming a staple for millions, especially women, with […] Read more
Why Is Public EV Charging So Expensive? Updated On Tue, Apr 1st, 2025 by Saurenergy Owning an electric vehicle in India is as much a going green decision as saving money while using it. Since EVs have higher upfront costs when compared with a similar vehicle that has an internal combustion engine, the justification for saving money after using it is only if you will use it for as much […] Read more
NHPC Floats 1.2 GW Solar Tender With 600 MWh ESS Updated On Thu, Mar 27th, 2025 by Saurenergy NHPC has issued a tender to develop a 1.2 GW solar project with a 600/2400 MWh energy storage system. It is open to accepting bids till April 24, 2025. NHPC, in its tender, mentioned that the project should include an energy storage system (ESS) of at least 0.5 MW/2 MWh capacity for each 1 MW […] Read more
BattRE Surpasses ₹100 Cr Revenue, Maintains Profitability Updated On Tue, Mar 25th, 2025 by Saurenergy Electric two-wheeler manufacturer BattRE is back on a growth trajectory, reporting an 18% increase in FY24, compared to a 6% decline in FY23. However, its profit remained unchanged during the last fiscal year. BattRE’s revenue from operations increased to Rs 102.5 crore in FY24 from Rs 87 crore in FY23, according to its financial statement […] Read more
