Canadian Solar Concall Highlights Global Concerns for Large Solar Manufacturers Updated On Mon, Nov 22nd, 2021 by Saurenergy Canadian Solar Inc.’s CEO, Shawn Qu speaking at an analyst concall after its Q3 numbers expressed confidence in the growth of solar market as a result of ‘real action, globally in the sector’. The firm saw its manufacturing division recover well after Q2, even as its projects division lagged. On revenues of $1.23 billion, the […] Read more
DHI Issues RFP Inviting Bidders for PLI Scheme on ACC Battery Storage Updated On Mon, Oct 25th, 2021 by Saurenergy In a latest development on the National Programme on Advanced Chemistry Cell (ACC) Battery Storage notified earlier, the Ministry of Heavy Industries (MHI) has issued a Request for Proposal (RFP) to invite bidders for setting up greenfield manufacturing facilities under the production-linked incentive (PLI) scheme to promote ACC manufacturing in the country. The programme offers […] Read more
Battery Ventures Acquires Specialty Materials Supplier Goodfellow Updated On Thu, Sep 30th, 2021 by Saurenergy Battery Ventures, a technology-focused investment firm, has acquired Goodfellow, a specialist supplier of high-quality materials for research and development, prototyping and specialized manufacturing. Terms of the transaction were not disclosed. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic […] Read more
Pune-based BatteryPool Raises Funds from IAN & Others Updated On Fri, Aug 20th, 2021 by Saurenergy Pune-based BatteryPool has raised an undisclosed amount of growth capital as part of its seed funding round. The startup offers battery charging solutions for EV fleets and commercial vehicles. The round was led by Indian Angel Network (IAN) and the Pune-based Venture Center under the NIDHI-Seed Support Scheme, and lead investors, including Arjun Seth and Harshavardhan […] Read more
Global Stationary Lead Acid Battery Market to be Worth $11 B by 2030 Updated On Thu, Aug 12th, 2021 by Saurenergy Globally, the stationary lead acid batteries market is estimated to reach $11.02 billion by 2030 from $7.38 billion in 2020, an uptick at a compound annual growth rate of 4.1%, finds a new analysis by market research company Frost & Sullivan. The report “Global Stationary Lead Acid Battery Growth Opportunities,” shows that stationary lead acid […] Read more
Battery Startup Log 9 Materials Raises $5 million from Amara Raja Batteries Updated On Mon, Aug 9th, 2021 by Saurenergy Bengaluru-headquartered advanced battery-tech Log 9 Materials has announced an equity partnership and collaboration with Amara Raja Batteries (ARBL), one of India’s largest manufacturers of industrial and automotive batteries. The deal involves an investment of $5 Million from Amara Raja Batteries during its ongoing Series A+ funding round. For ARBL, the investment follows the announcement of […] Read more
Tesla Postpones Semi Truck To 2022, Shows A Profit On Battery and Solar Updated On Tue, Jul 27th, 2021 by Saurenergy EV Poster firm, Tesla has just announced its second quarter (Q2) quarterly results. The firm, with an oversized presence and impact in the EV segment has shared some key metrics for its solar and energy storage business this time. In fact, even as it has postponed the launch of its electric trucks, the Semi Truck […] Read more
EV Startup Grevol Partners With CATL for Li-ion Battery Packs Updated On Tue, Jul 20th, 2021 by Saurenergy Grevol has partnered with China’s CATL for Li-ion battery packs for its upcoming electric cargo. Green Evolve Private Limited (Grevol) is an Indian electric mobility startup, founded in 2019, which manufactures and finances EVs. New Delhi-based Grevol has announced the launch of their cutting-edge lithium battery packs, created for their soon-to-be-launched electric three-wheeler (E3W) (L5N […] Read more
TES Agrees on Deal for 10,000 sqm Battery Recycling Facility in Europe Updated On Mon, Jul 12th, 2021 by Saurenergy Singapore-based provider of sustainable technology lifecycle and IT services, TES has announced it has agreed to a deal that secures the future of a 10,000 square meter lithium battery recycling facility in the Port Of Rotterdam, Europe’s largest seaport. The facility, strategically located adjacent to the waterways of the Port of Rotterdam and with an […] Read more
