News Brief June 07 – UK Battery Project, Energy Vault, Sumitomo Updated On Fri, Jun 7th, 2024 by Saurenergy Gresham House secures PPA for 568MW battery projects in UK An Octopus Energy subsidiary and Gresham House Energy Storage Fund have engaged into a power purchase agreement (PPA) for 14 of the company’s battery projects in the UK, totaling 568MW/920 megawatt hours (MWh). Commencing on July 1, 2024, the two-year fixed-price contracts will cover around […] Read more
Vestas Secures 124 MW Wind Turbine Order In Lithuania Updated On Wed, Jun 5th, 2024 by Saurenergy Vestas has received a 124 MW order for a wind energy project in Telsiai, Lithuania. It will deliver 20 V162-6.2 MW wind turbines, and the order includes supply, delivery, and commissioning of the turbines. The order was placed by Utilitas Wind and Latvenergo AS. Upon completion, Vestas will service the turbines throughout their life cycle […] Read more
Li-Ion Batteries To Face Competition From Long-Duration Storage: Report Updated On Tue, Jun 4th, 2024 by Saurenergy Global energy research body BloombergNEF Research recently released a report analyzing the Long-Duration Energy Storage (LDES) growth and compared its efficacy with the popular Lithium-ion batteries. The study found that the LDES has witnessed rapid growth which garnered interest worldwide. The report anticipates that LDES will out-compete with lithium-ion batteries in some markets as decarbonization […] Read more
PM Surya Ghar Enters Mission Mode As MNRE Sets Up Directorate Updated On Tue, Jun 4th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued a notification to set up a Mission Directorate to expedite the growth of rooftop solar in the country. This comes months after Prime Minister Narendra Modi announced the ambitious PM Surya Ghar scheme this year to pave the way for the installation of residential […] Read more
SOLshare Secures $2.2 million Investment For EV Integration Updated On Mon, Jun 3rd, 2024 by Saurenergy SOLshare, a climate-tech company based in Dhaka, has recently secured an investment of $2.2 million in Series A+ funding led by SBK Tech Ventures as part of a $4 million round, according to a press release. The company claims that the integration of electric cars into the Blue Dart fleet is likely to bring significant […] Read more
Green Financing A Boon For Clean Transmission Projects: Sharib Razi Updated On Fri, May 31st, 2024 by Saurenergy What are the challenges faced by the grid, when it comes to a higher share of renewable energy? Razi: There are two major challenges with increasing share of renewables in the grid. Firstly, due to the intermittent nature of renewable energy, the peak generation of solar or wind does not coincide with the peak load […] Read more
Climate Risk for Renewable Energy Projects & Parametric Insurance Updated On Fri, May 31st, 2024 by Saurenergy Amidst the global conversation on climate change, the renewable energy sector finds itself at a critical juncture. As we grapple with shifting weather patterns and rising temperatures, the sector faces significant challenges in maintaining its infrastructure and ensuring operational efficiency. Research suggests a 12% reduction in wind turbine capacity by the century’s end, and a […] Read more
5 Interesting Green Ventures That Have the US’s DOE Backing Them Updated On Thu, May 30th, 2024 by Saurenergy There’s a lot of promising green energy startups and concepts out there that end up getting shuttered because of a lack of funding. Whether the lack is because they failed to raise publicity or their ideas being too ahead for their time, there are a multitude of reasons as to why a perfectly good idea […] Read more
Reliance Owned REC Group Launches REC Alpha Pro M Updated On Thu, May 30th, 2024 by Saurenergy REC Group, an international pioneering solar energy company, has announced the launch of its REC Alpha Pro M Series. Based on REC’s advanced heterojunction cell technology (HJT), the new solar panel boasts an impressive power output, ranging from 610 to 640 watt-peak (Wp) and is designed specifically for commercial and industrial rooftop and ground mount […] Read more
