Energy Vault and Enervest Partner for 1 GWh Battery Energy Storage Project in Australia Updated On Tue, Oct 22nd, 2024 by Saurenergy Energy Vault Holdings Inc., a provider of sustainable grid-scale energy storage solutions, has announced a strategic agreement with Enervest Group for the development of a 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. The companies are in the final stages of development and grid application approvals […] Read more
IEA Flags Supply Side Risks For Global Energy Security Updated On Tue, Oct 22nd, 2024 by Saurenergy The global energy landscape, as detailed in the World Energy Outlook 2024, highlights the challenges and opportunities of transitioning to a clean energy future amidst growing geopolitical risks and economic uncertainties. With events like the conflicts in the Middle East and Russia’s war in Ukraine, the global energy market’s fragility is apparent, influencing both traditional […] Read more
Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie Updated On Tue, Oct 22nd, 2024 by Saurenergy Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. […] Read more
JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio Updated On Mon, Oct 21st, 2024 by Saurenergy JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the […] Read more
Coal Generation To Remain 30% Higher Than Solar Generation: IEA Updated On Thu, Oct 17th, 2024 by Saurenergy Despite continuous effort to add more renewable energy capacity, International Energy Agency’s (IEA) latest report found that coal dependence continues to persist. IEA world energy outlook report found, “Generation from coal remains over 30% higher than that from solar PV, even in a decade in which solar PV accounts for twice as much capacity, owing […] Read more
India’s Renewable Capacity Crosses 200 GW Benchmark Updated On Mon, Oct 14th, 2024 by Saurenergy India’s renewable energy capacity has now crossed 200 GW, latest data from the Central Electricity Authority (CEA) revealed. As per the latest information from the agency, India’s total renewable capacity (excluding large hydro) touched 154 GW while India’s large hydro projects touched 46 GW capacity by the end of September 2024. A comparison of CEA’s […] Read more
Focus On Avoiding Renewable Curtailments-IEA Prescriptions Updated On Mon, Oct 14th, 2024 by Saurenergy Renewable energy sources such as solar and wind power are growing at a rapid pace. Naturally, the transition is also driving significant transformation for the global energy landscape. In 2024, global renewable energy capacity is expected to increase by almost 20 percent, building on the record growth of 60 percent seen in 2023. While this […] Read more
How Monitoring Improves Decentralized Renewable Energy To Support Healthcare? Updated On Fri, Oct 11th, 2024 by Saurenergy By-Rishikesh Mishra and Lanvin Concessao The availability of reliable electricity increases a healthcare facility’s ability to treat patients and serve the community. Electricity is critical to operate basic equipment such as lights, fans and water pumps, but also run lifesaving equipment like baby warmers, oxygen concentrators, diagnostics, and vaccine freezers and refrigerators. In regions where […] Read more
Key Global Policy Trends Accelerating the Renewable Energy Revolution Updated On Fri, Oct 11th, 2024 by Saurenergy The transition to renewable energy is not just a technological shift; it’s a complex interplay of policies, market dynamics, and societal acceptance. As the world grapples with climate change, energy security, and economic resilience, governments are increasingly recognizing the need to enhance their renewable energy strategies. This blog outlines key policy trends driving renewable energy […] Read more
