As Adani Shares Drop, How Will It Impact Group’s Green Plans Updated On Tue, Jan 31st, 2023 by Saurenergy Shares of the Adani Group have been ambushed over the past week, dropping upto 40% in some cases. The report on the group by US based short seller Hindenberg research, a firm specialising in short selling shares with detailed public reports on their thesis, has done serious damage, coming as it did just before a […] Read more
Sunlit Power, Lucas TVS Collaborate For Supply Of 50,000 EV Motors Updated On Tue, Jan 31st, 2023 by Saurenergy Sunlit Power has announced that it has partnered with Lucas TVS and under the terms of the collaboration, it will supply 50,000 electric vehicle motors and controllers manufactured by the TVS Group firm to many industries. Sunlit Power is a storage battery manufacturer and distributor. The company manufactures the ARENQ brand of batteries. As per […] Read more
EV Industry Pins Hopes on GST Cuts, Charging Infra, FAME, PLI for Budget 2023 Updated On Mon, Jan 30th, 2023 by Saurenergy Though at its nascent stage, the EV sector has witnessed colossal growth. 2022, in particular, was a sterling year for it as the sales registers kept ringing as consumers finally began investing their faith in electric vehicles. The sales figures in FY 22 more than tripled when pitted against FY 2021. Major announcements at policy […] Read more
Norwegian Fund To Invest $62 Million In SAEL To Help Develop 3GW Renewables Updated On Fri, Jan 27th, 2023 by Saurenergy The new Norwegian Climate Investment Fund has said that it will be investing about NOK 600 million or $62 million (Rs. 500 crores) in equity in Sukhbir Agro Energy Limited (SAEL). As per the official statement of the fund, the investment will contribute to avoiding more than 2.8 million tons of CO2 emissions. Given the […] Read more
Minigrid Pioneer Husk Power Turns Profitable After 14 Years Updated On Thu, Jan 26th, 2023 by Saurenergy Husk Power Systems, which pioneered the first renewable energy minigrid in India in 2008 and now operates the largest fleet of community mini grids across Asia and Africa, announced that it has achieved profitability on both continents. Husk is the world’s first minigrid company to achieve this major industry milestone. The company became EBITDA positive […] Read more
Rajesh Exports Signs Agreement With Centre & Karnataka For 5GWh Lithium Cells Factory Updated On Wed, Jan 25th, 2023 by Saurenergy Rajesh Exports Limited (REL) has announced that it has signed a tripartite agreement with the Central Government and Karnataka state government under which it will set up a 5 GWh gigafactory to manufacture lithium ion cells for battery production. The company said that it was selected by the Central Government as one among the successful […] Read more
US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions Updated On Wed, Jan 25th, 2023 by Saurenergy Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […] Read more
BMW & Solid Power Partnership For Solid-State Battery Technology Updated On Tue, Jan 24th, 2023 by Saurenergy Automakers are exploring the possibilities of enhancing battery technology seeking a fit with the growing expectations of the EV industry. Solid-state battery is one such technology that can disrupt the existing power storage market for EVs. As per some forecasts, the Solid-state battery market size will reach $13.15 billion by 2030 from $805 million in […] Read more
Indi Energy Gets National Startup Award 2022 For ‘Energy Storage’ Updated On Tue, Jan 24th, 2023 by Saurenergy Indi Energy – a startup that has sprung out of Indian Institute of Technology (IIT) Roorkee, has won the prestigious National Startup Awards 2022 in the category of ‘Energy Storage.’ National Startup Award 2022 was presented to the India based start-ups that are most promising and innovative. The certificate of commendation was presented by Piyush […] Read more
