Gravity based Energy Storage Startup Energy Vault Announces $100 Million Funding Updated On Wed, Aug 25th, 2021 by Saurenergy Energy Vault, the firm behind gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. We had covered the firm’s series B funding back in 2019. The newest investment round is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank […] Read more
RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA Updated On Mon, Aug 23rd, 2021 by Saurenergy Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […] Read more
Canadian Solar Reports $1.43 Billion Revenues in Q2 FY21, a 105% YoY Increase Updated On Tue, Aug 17th, 2021 by Saurenergy Canadian Solar Inc. has announced its financial results for Q2 FY21 with strong revenues of $1.43 billion. The firm reports that net revenue in the Q2 FY21 grew by 105% YoY and 31% QoQ to $1.43 billion. The sequential improvement was driven by an increase in module shipments and average selling price (ASP), growth in […] Read more
Cell Propulsion Launches Li-ion Battery Facility in Bengaluru Updated On Fri, Jul 30th, 2021 by Saurenergy Bengaluru-based mobility and EV technology startup Cell Propulsion has launched its pilot production line for Li-ion batteries at a facility which has a maximum output of 500kWh/month. The cells will be used in the company’s in-house light commercial electric vehicles. Founded by Nakul Kumar (CEO & Co-founder), Paras Kaushal (COO & Co-founder), and Supratim Nuskar (CTO), who […] Read more
Lohum Plans Integrated Li-Ion Unit f 3 GWh/3000 MWh At Gr. Noida Facility Updated On Wed, Jul 28th, 2021 by Saurenergy LOHUM, positioned as the world’s leading integrated lithium-ion battery player, has announced that it will set-up 3GWh capacity single-location integrated Li-ion battery manufacturing and recycling factory in Greater Noida, Uttar Pradesh within the next 18 months. The integrated factory will have the battery manufacturing capacity of 1 GWh/ 1,000 MWh and 2GWh/ 2,000 MWh of […] Read more
BlackRock Real Assets Takes Over South Korean Offshore Wind Developer Updated On Fri, Jul 16th, 2021 by Saurenergy A New York-based investment management company, BlackRock Real Assets today announced that it has taken over Korea Renewable Energy Development & Operation Holdings Co Ltd (KREDO Holdings). The global investment manager has made it its first-ever investment in the South Korean offshore wind sector with this acquisition. Also, it plans to spend more than USD […] Read more
Oriano Bounces Back in Business With 350 MWp of New Solar Projects Updated On Thu, Jul 15th, 2021 by Saurenergy Mumbai-based Oriano Solar has started constructing 350+ MWp of utility-scale solar projects across various states in the country. With this project, the construction engineering company has more than Rs 300 crore-contracts in hand. In development business, Oriano said it recently won 70 MW of allocation in the state of Uttar Pradesh for C&I customers and closed […] Read more
Norway Allocates $1.2 bn for RE Projects in Developing Nations Updated On Fri, Jul 9th, 2021 by Saurenergy The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […] Read more
IRENA’s World Energy Transitions Outlook Re-Writes Energy Narrative for a Net Zero World Updated On Thu, Jul 1st, 2021 by Saurenergy Accelerating energy transitions on a path to climate safety can grow the world’s economy by 2.4 per cent over the expected growth of current plans within the next decade, a new analysis from the International Renewable Energy Agency (IRENA) shows. The Agency’s 1.5°C pathway foresees the creation of up to 122 million energy-related jobs in […] Read more
