The US Doubles Down On Energy Storage Capacity Updated On Mon, Dec 13th, 2021 by Saurenergy The market for energy storage in US is making big strides, driven by the record growth in the past year even though Covid pandemic upset the momentum of various other industries across the world. Renewable storage market has rather been holding up the country’s economic prospects. Over the year 2020, 1,464 MW/3,487 MWh of new […] Read more
Chinese Industry & IT Min Revises Li-ion Battery Standards Updated On Mon, Dec 13th, 2021 by Saurenergy The Chinese Ministry of Industry and Information Technology has notified revised lithium-ion battery standards, claiming to promote technological progress. The ministry has also revoked the “Lithium-ion Battery Industry Specification Conditions (2018 Edition)” and the “Interim Measures for the Administration of Lithium-ion Battery Industry Specification Announcements (2018 Edition)”. Under the revised rules, lithium-ion battery companies in […] Read more
EV Firm Matter to Invest ₹1,500 Cr in E-mobility & Storage in Gujarat Updated On Thu, Dec 9th, 2021 by Saurenergy On the back of a growing demand and a potential ramp up in its operations, Ahmedabad-based electric mobility and energy storage solutions start-up Matter is planning to roll out its first electric two-wheeler in first half of 2022, according to media reports. As part of its production and roll-out plans, the company has signed a […] Read more
Energy Major Equinor Buys 45% Stake in UK Battery Maker Noriker Power Updated On Tue, Dec 7th, 2021 by Saurenergy Equinor has signed an agreement with Noriker Power Limited, a battery storage developer in the United Kingdom focusing on the engineering and project development of utility scale storage and stability services. The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire the full company at a later stage. In […] Read more
Li-ion Battery Pack Prices to Fall Below $100/kWh by 2024: BNEF Updated On Mon, Dec 6th, 2021 by Saurenergy Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, finds a new report from BloombergNEF (BNEF). This is a 6% drop from $140/kWh in 2020. By 2024, average pack prices should be below $100/kWh, predicts the report. BNEF’s 2021 Battery Price Survey explains […] Read more
Integrating Storage Key to Solar’s Long-term Success, says Sterling and Wilson Renewable Energy Ltd CEO Updated On Fri, Dec 3rd, 2021 by Saurenergy In this conversation with Prasanna Singh, Group Editor at Saur Energy, Mr. Chandra Kishore Thakur, CEO, Sterling and Wilson Renewable Energy Limited, reflects on the firm’s current and future plans. Throwing light on solar’s growth potential in India, Mr. Thakur cites inflation, supply chain constraints and GST taxation structure, among others, as key challenges. Q. What […] Read more
Honda’s New Indian Subsidiary to Offer Battery Sharing Service Updated On Fri, Dec 3rd, 2021 by Saurenergy Japanese automaker Honda Motor Company Ltd. has established a new subsidiary for battery sharing service in India, the company announced in a recent statement. The newly launched company is known as Honda Power Pack Energy India Private Limited. The company will offer battery sharing service for small mobility, which is expected to accelerate the penetration […] Read more
Energy Dome Raises $11 M to Build Cost-cutting CO2 Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Energy Dome, an Italian energy storage technology company founded in 2019, has announced the close of its $11M Series A fundraise. The company will use the proceeds to complete the construction of its CO2 battery demonstration project in Sardinia, Italy, a product that is said to store energy at about half of the cost of […] Read more
Australian JV to Build Country’s Largest Privately Funded Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Engie, Macquarie’s Green Investment Group (GIG), and Fluence have partnered to deliver Australia’s largest privately-funded and owned utility-scale battery. The project will connect to existing network infrastructure to support the transition to renewable energy at the site of the former Hazelwood Power Station in the Latrobe Valley. Providing 150 MW/150 MWh of flexible energy, the […] Read more
