Blending Finance Is Key to India’s Net Zero Pathway: IFC Report Updated On Wed, Sep 27th, 2023 by Saurenergy A latest report by the International Financial Corporation (IFC) on Blended finance describes finance as a key element in supporting India’s energy transition. The report said that the blended finance can drive more private capital to high-impact climate projects, says an IFC report. The report, Blended Finance for Climate Investments in India, highlights blended concessional […] Read more
Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets Updated On Wed, Sep 27th, 2023 by Saurenergy Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […] Read more
Norwegian Battery Maker Morrow Nets €100m Equity Funding Updated On Wed, Sep 27th, 2023 by Saurenergy Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] Read more
India Launches Its First Hydrogen Fuel Cell Bus In Delhi Updated On Mon, Sep 25th, 2023 by Saurenergy Union Petroleum and Natural Gas Minister Hardeep Singh Puri today flagged off India’s first Green Hydrogen Fuel Cell-based bus in the national capital. Puri said that the newly-launched bus posses the virtue of fast charging besides the benefit of being an environment-friendly mode of transport. “The fuel cell utilizes Hydrogen and air to generate electricity […] Read more
Indore’s Holkar Stadium Goes Green With Solar Power Updated On Mon, Sep 25th, 2023 by Saurenergy At the recent India versus Australia cricket match on 24 September, the Board of Control of Cricket in India (BCCI) shared the news on its recent initiative of installation of 376 solar panels at the Holkar Stadium at Indore in Madhya Pradesh. This was a part of the green initiative led by the Madhya Pradesh […] Read more
2023 To See China, India EV Sales Go Beyond 10 Million For First Time Updated On Thu, Sep 21st, 2023 by Saurenergy Even as industry celebrated crossing the 1 million EV sales mark in India by September, the global leader, China is expected to surpass 10 million new energy vehicle sales this year, according to a recent report. EVs accounted for 6.4 per cent of the total automobile sales in the country this year, with two wheelers […] Read more
IESA along with Global Alliances to Host World Energy Storage Day Global Virtual Conference & Expo 2023 Updated On Wed, Sep 20th, 2023 by Saurenergy Every year, on September 22, World Energy Storage Day (WESD) is commemorated to recognise the advancement of energy storage, which is at the forefront of the clean energy transition for both the transportation sector and the electric grid (www.energystorageday.org). India Energy Storage Alliance (IESA) along with the world’s major global alliances is set to host […] Read more
What Is Delaying Commissioning of India’s 96 GW Under-Construction RE Projects? Updated On Wed, Sep 20th, 2023 by Saurenergy A quarterly report by the Central Electricity Authority (CEA) for the period ending July 31 claims that renewable energy projects of up to 96 Gigawatt (GW) are under construction in the country. These projects are related to the renewable energy projects tendered through the Solar Energy Corporation of India (SECI) and other central public sector […] Read more
