Toyota Plans $13.5 B Investment in EV Battery Tech by Decade End Updated On Wed, Sep 8th, 2021 by Saurenergy Japanese auto major Toyota Motor is planning to spend over $13.5 billion by 2030 to develop batteries and its battery supply system, aiming to head technological developments over the next decade, revealed an online briefing on batteries and carbon neutrality. The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, […] Read more
Ayana Renewable, Greenstat Hydrogen Sign MOU For Hydrogen Development In India Updated On Tue, Sep 7th, 2021 by Saurenergy Ayana Renewable Power, a renewable energy platform majority controlled by National Investment and Infrastructure Fund (NIIF), focuses on development of utility scale renewable projects in India. Ayana’s vision is to be the lowest cost renewable energy producer which utilizes technology to maximize value creation. Ayana and Greenstat Hydrogen India, a Norwegian energy organization, recently signed […] Read more
Wind Energy Accounted for 42% New U.S. Capacity in 2020 Updated On Wed, Sep 1st, 2021 by Saurenergy More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […] Read more
South Africa’s Eskom Plans $7.2 B Investment in Wind & Solar Updated On Tue, Aug 31st, 2021 by Saurenergy South African electricity public utility Eskom Holdings SOC Ltd. is planning to invest 106 billion rand, or $7.2 billion, in wind and solar power by the end of the decade. Eskom, which accounts for two-fifths of the nation’s greenhouse gas output, may execute its plan either independently or through a partnership. A few months ago, South […] Read more
Siemens Energy to Build Green H2 Industry in Egypt Updated On Fri, Aug 27th, 2021 by Saurenergy German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […] Read more
Storage Integrator FlexGen Bags $150 M Investment from Apollo Funds Updated On Thu, Aug 26th, 2021 by Saurenergy Apollo Global Management, an alternative asset management group, has announced a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the US and globally. Apollo’s investment will be made in partnership with FlexGen’s existing investors, Altira Group and the founding investment group led […] Read more
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
Renewable Energy Marketplace LevelTen Raises $35 Million Series C Funding Updated On Wed, Aug 25th, 2021 by Saurenergy LevelTen Energy, a leading provider of renewable transaction infrastructure, has completed a $35 million Series C funding round led by NGP ETP, with participation from My Climate Journey (MCJ) Collective, as well as nearly all of LevelTen’s existing investors, including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders’ Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures and […] 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
