EV Startup Yulu Secures $82 Mn in Series B Round Updated On Mon, Sep 12th, 2022 by Saurenergy Bengaluru’s electric mobility startup Yulu has secured $82 million in equity funding, which was led by USA’s Magna International in a Series B funding round. The funding round saw participation from investors, which also included Bajaj Auto Limited. Notably, Yulu boasts of a strategic partnership with Bajaj Auto and the two companies have been working […] Read more
Solar Powered Centralized Off Grid UPS for Lifts in Multi-Storey Buildings Updated On Mon, Sep 12th, 2022 by Saurenergy Lift is an invention that has effectively enabled urban development at scale worldwide, come with its own unique challenges. With perhaps the biggest being the issue of dependable power supply. As most people who have been using lifts for a long enough time know, lift power failures are a routine occurrence. From extreme weather conditions […] Read more
Ohmium to Supply 343 MW of Green Hydrogen to Tarafert’s Mexico Facility Updated On Mon, Sep 12th, 2022 by Saurenergy Ohmium International, that delves in designing, manufacturing, and deployment of PEM Electrolyzers for green hydrogen, has said that it has signed an agreement to provide 343 MW of green hydrogen electrolyzers to Tarafert in Mexico. Tarafert is a developer of large-scale urea fertilizer and green ammonia with its production facility in Mexico. The official statement […] Read more
Spain’s PV Hardware to Set Up Solar Tracker Facility in USA Updated On Mon, Sep 12th, 2022 by Saurenergy Global solar tracker manufacturer PV Hardware (PVH) has announced plans to set up a large manufacturing unit in Texas, United States of America, to localise its products to supply for projects across North America. The company said that the capacity of the new facility will be 6 GW and it will be operational by June […] Read more
Danish Firms Maersk & Stiesdal Offshore Partner for Floating Offshore Wind Updated On Mon, Sep 12th, 2022 by Saurenergy A global leader of marine services and integrated solutions to the energy sector, Maersk Supply Service has announced that it has entered into a strategic partnership with Stiesdal Offshore to offer combined solutions to the fast-growing floating offshore wind sector by building on the their individual positions in the industry. Stiesdal is known for supplying […] Read more
US-Based Odyssey Raises $5.34m to Expand Distributed RE Updated On Mon, Sep 12th, 2022 by Saurenergy US-based Odyssey Energy Solutions has announced that it has raised $5.34 million in new funding led by Equal Ventures, a venture capital investment firm based in New York,. The participating investors include Twelve Below, Abstract Ventures, Founder Collective, and MCJ Collective. Odyssey offers an end-to-end solution to finance, build and operate distributed energy projects at […] Read more
Mahindra Introduces New Products, Increases EV Investments Updated On Mon, Sep 12th, 2022 by Saurenergy Mumbai-headquartered auto major Mahindra & Mahindra is developing, introducing new products and making investments while also making production plans stronger as it continues to be “extremely positive” about the country’s progressive adoption of electric car penetration over the coming few years. It anticipates a gradual shift to electric mobility, with the fleet and sports utility […] Read more
Govt OMCs to Run Retail Fuel Stations on Solar by ’24 Updated On Mon, Sep 12th, 2022 by Saurenergy Indian Government-owned companies are increasingly employing renewable sources of energy to decarbonise operations and add to the country’s target of achieving the net zero target by 2070. In a fresh announcement, Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, has said that state run-oil marketing companies (OMCs) will operate their complete network of petrol […] Read more
Ministry of Power Modifies Rules for Purchasing RTC Renewable Energy Updated On Fri, Sep 9th, 2022 by Saurenergy The parameters for the tariff-based competitive bidding process to purchase round-the-clock (RTC) power from grid-connected renewable energy projects have been amended, according to the Ministry of Power (MoP). Under Section 63 of the Electricity Act of 2003, these regulations were first released in July 2020. The current amendment permits producers of renewable energy to combine […] Read more
