New Fund by TDK Ventures to Invest $150 Million in Green Energy Updated On Mon, May 22nd, 2023 by Saurenergy Tokyo based TDK Corporation subsidiary TDK Ventures is launching its third fund that totals $150 million in new capital to provide push mainly to energy transition. TDK Ventures said that its novel fund will target early-stage investments in energy transition, electrification, and decarbonisation in the USA and Europe. With the coming of the new fund, […] Read more
Hyundai & Shell Partnership To Pave Way For Expansion Of EV Charging Network Updated On Fri, May 19th, 2023 by Saurenergy Hyundai Motor India Limited (HMIL) and Shell India have entered into a partnership to expand the charging infrastructure for electric vehicles in India. The two firms have partnered up to install 60 kW DC Fast Chargers across 36 Electric Vehicle (EV) dealerships of Hyundai Motor India. Shell has also set sights on establishing DC 120 […] Read more
Masdar Doubles Clean Energy Capacity in Just Two Years Updated On Fri, May 19th, 2023 by Saurenergy The UAE flagship renewable energy company Masdar has announced that it has almost doubled its clean energy capacity and CO2 displacement in a space of just two years. Masdar claims to be on track to become one of the world’s largest renewable energy companies by 2030. Masdar achieved a clean energy capacity of 20 GW […] Read more
MNRE to Launch New Scheme To Boost Distributed Solar Energy: RK Singh Updated On Fri, May 19th, 2023 by Saurenergy In his latest speech, Union Minister for New and Renewable Energy RK Singh announced starting a new scheme to boost distributed renewable energy (DRE). He announced this during an event on DRE organised by the Council on Energy, Environment and Water (CEEW) and Villgro Innovations Foundation’s Powering Livelihoods. “We are developing a new DRE policy […] Read more
Northland Power Secures Financial Close for 250 MW Oneida Energy Storage Project Updated On Fri, May 19th, 2023 by Saurenergy It looks like the energy storage infrastructure is burgeoning in Canada with many announcements being made this week. In the fresh case, Toronto-headquartered Northland Power has announced that its 250 MW Oneida Energy Storage Project in Southern Ontario has reached financial close. It has secured all the necessary financing. The total cost for the project […] Read more
Sungrow Bags 150 MW Energy Storage Project in UK Updated On Fri, May 19th, 2023 by Saurenergy Chinese inverter and energy storage system solution maker and supplier Sungrow has announced that it has signed a contract to supply its liquid cooled energy storage system (ESS) called PowerTitan to a 150MW/300MWh project in Ferrybridge, West Yorkshire, the United Kingdom. Sungrow said that the project is expected to increase total grid stability and bolster […] Read more
India Below Asian Average in Electric Vehicle Penetration; CY 2022 Pegged at Just 1.1% Updated On Thu, May 18th, 2023 by Saurenergy As per a research by S&P Global Ratings, India’s EV penetration is a laggard in CY 2022 when compared against other Asian countries. The percentage of EV penetration in the said year was a mere 1.1%, signficantly lower than the Asian average pegged at over 17 per cent. Not surpisingly, the penetration of electric vehicles […] Read more
REMCL Launches National Energy Management Centre for Energy Data Collection from SEMCs Updated On Thu, May 18th, 2023 by Saurenergy Railway Energy Management Company Ltd (REMC Ltd), which is a subsidiary of RITES Ltd, has established the National Energy Management Centre (NEMC) at its workplace. The Energy Management Centre will look into the supervision of as well as purchase power for the Railways. This will be done at a pan India level. The inauguration of […] Read more
Tesla’s Reignites Ambitions for Setting Up EV Plant, Pushing EV Sales in India Updated On Thu, May 18th, 2023 by Saurenergy American automotive giant Tesla is keen to extend its reach in India and is mulling over the domestic incentives that it can avail with relation to car and battery manufacturing. It held discussions with government officials recently towards this goal. Tesla is looking to establish a factory in India, where it aims to build electric […] Read more
