EY Study Shows Rise of ‘Omnisumer’: Customers of New Energy Solutions Updated On Thu, Oct 21st, 2021 by Saurenergy A perfect storm of government policy, consumer trends and technology is accelerating the energy transition. And while much of the discussion centers around renewables and infrastructure, it mostly overlooks the customer. EY has conducted a survey of 34,000 energy consumers across 17 countries to understand their shifting needs, values and expectations, and the results present […] Read more
Sungrow Reaches Milestone for Sending 5 GW in Latin America Updated On Thu, Oct 21st, 2021 by Saurenergy Sungrow, which provides inverter solutions for renewable energy, announced at Intersolar South America 2021, held in São Paulo from Oct. 18-20, that its shipments cumulative sales for Latin America exceeded 5 GW. This demonstrates Sungrow’s commitment to sustainable development and efforts to diversify the local energy sector and decarbonise, said the company. With a continuous […] Read more
Rio Tinto to Spend $7.5 B to Cut Carbon Emissions by 50% by 2030 Updated On Thu, Oct 21st, 2021 by Saurenergy Rio Tinto, an Anglo-Australian multinational and the world’s second-largest metals and mining corporation, plans to spend $7.5 billion in direct capital expenditure to decarbonise its assets from 2022 to 2030, aiming to reduce carbon emissions by 50% by 2030. The mining giant has outlined a long-term strategy for the decarbonisation of some of its operations in […] Read more
Key Highlights From SECI’s RFS for Battery Storage Systems Updated On Thu, Oct 21st, 2021 by Saurenergy SECI’s release of the RFS document inviting submissions for Pilot Projects of 500 MW/1000MWh Standalone Battery Energy Storage Systems in India finally gets the process started on this critical aspect of the future for renewable energy. We bring you some key highlights from the document. At the outset, the RFS, for the first time acknowledges […] Read more
Climate Tech Firm CarbonCapture Closes $35 M Series A Funding Updated On Thu, Oct 21st, 2021 by Saurenergy CarbonCapture, a climate tech company that makes machines that remove CO2 directly from the atmosphere, has announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
John Kerry Gives a Huge Solar Endorsement at ISA Assembly Keynote Updated On Thu, Oct 21st, 2021 by Saurenergy At the International Solar Alliance’s (ISA) fourth general assembly, John Kerry, U.S. Special Presidential Envoy for Climate and 68th U.S. Secretary of State, delivered the keynote address. In his address, Kerry highlighted the opportunities in the solar sector towards climate action and India as an investment destination for solar power. 106 countries are participating in […] Read more
Adani Boosts RE Association With Gallery At London Science Museum Updated On Wed, Oct 20th, 2021 by Saurenergy The prestigious Science Museum in London has announced a landmark new gallery on Tuesday, which will examine how the world can undergo the fastest energy transition in history to curb climate change, with a subsidiary of the Adani Group being the title sponsor. Energy Revolution: The Adani Green Energy Gallery is supported with title funding […] Read more
Replace DG Sets with BESS to Enhance Indian Pwr Grid’s Flexibilty: Study Updated On Wed, Oct 20th, 2021 by Saurenergy “Replacement of DG sets distributed across the country with BESS is the fastest and cheapest route to build flexibility for the Indian grid. The reduction in emissions from DG sets will help meet the NDC targets as well,” states a new study published by India Smart Grid Forum (ISGF). Delivering reliable 24×7 services is the […] Read more
