Two Point O Capital Raises $6.3 Million From Omnivore, Others Updated On Fri, Sep 27th, 2024 by Saurenergy Two Point O Capital, a climate financing platform for businesses (including MSMEs and rural enterprises), announced today that it has raised $6.3 million in Seed funding. VC fund Omnivore led the round with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of angel funders. Two Point O aims to address the […] Read more
Sungrow Unleashes Latest Solar, Storage, Green Hydrogen Solutions Updated On Fri, Sep 13th, 2024 by Saurenergy Sungrow, a global solar inverter and energy storage system provider, unveiled its latest portfolio of advanced solar, energy storage, and green hydrogen solutions at RE+ 2024 in Anaheim, on September 9-12. “North America continues to emerge as a crucial market for clean energy technologies, and Sungrow remains at the forefront, offering innovative, reliable, and future-ready […] Read more
Q1 Results: ReNew Sees 86% Decline In Net Profits Updated On Fri, Aug 16th, 2024 by Saurenergy Renewable energy company ReNew today announced the financial results (unaudited) of first quarter of financial year 2024-25. The NASDAQ-listed company said that it has seen a surge in its operating capacity by around 24 percent Year on year. ReNew’s clean energy contracted portfolio was ~15.6 GW as of Aug 15, 2024. The company said that […] Read more
UK Raises RE Auction Funds, Offshore Wind Gets Largest Gain Updated On Wed, Jul 31st, 2024 by Saurenergy The United Kingdon (UK) government recently allocated a budget of over 1.5 billion pounds to deliver homegrown clean energy projects and boost the UK’s energy security Energy Secretary unveils this large budget to deliver new homegrown clean energy projects in the UK. The budget seeks to boost energy security, secure cheap power for families, and […] Read more
IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
Schneider Electric Appoints Arvind Kakru As Vice President of Industrial Automation Updated On Thu, Mar 14th, 2024 by Saurenergy Schneider Electric has appointed Arvind Kakru as the Vice President of Industrial Automation for Greater India Zone. According to a media statement by Schneider. Arvind has over 28 years of extensive experience, having demonstrated strong fiscal, strategic, and operational leadership throughout his career. At Schneider Electric, he will lead the Industrial Automation, Process Automation, and […] Read more
ReNew In Talks With Sembcorp To Sell 350 MW Assets: Report Updated On Fri, Mar 1st, 2024 by Saurenergy According to several media reports, Indian renewable energy company ReNew Energy Global Plc has initiated discussions to sell a portfolio of solar projects with a combined capacity of 350 MW to Singapore’s Sembcorp Industries Ltd The reports also said that earlier ReNew had sought to sell off a much larger 1.1-GW portfolio which included 750 […] Read more
Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
US Announces $104mn Investment Plan For New Net-Zero Facilities Updated On Thu, Jan 18th, 2024 by Saurenergy The US Department of Energy (DOE) recently announced $104 million for energy conservation and clean energy projects at 31 Federal facilities. The latest step is part of President Biden’s strategy to re-establish the federal government as a sustainability leader. The funding announced by the President is part of the DOE’s Assisting Federal Facilities with Energy […] Read more
