GFCL EV Plans To Invest Rs 6000cr In Next Years In EV, Energy Storage Updated On Wed, Feb 7th, 2024 by Saurenergy Gujarat Fluorochemicals (GFCL) EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd. (GFL), recently announced an investment of INR 6000 Crores (out of which approx. Rs 650 Cr is already invested till 31.12.2023) over the next 4- 5 years. This investment is to enable a supply of approx. 200 GWh/annually of electric vehicle (EV) and […] Read more
Stanford Study Develops Battery-Hydrogen Combo For Reliable Grids Updated On Wed, Feb 7th, 2024 by Saurenergy A recent study by Stanford University demonstrated that combining battery storage with hydrogen fuel cells can ensure low-cost reliability. In the study Stanford engineering professor Mark Z. Jacobson, he used a computer modelling system to bust the myth, he said, “The fossil fuels – rather than a combination of renewables, battery storage, and hydrogen fuel […] Read more
Reliance To Build Green Energy Giga Complex Spread Across 5,000 Acres in Jamnagar Updated On Mon, Jan 22nd, 2024 by Saurenergy Reliance Industries Limited has commenced the construction of Green Energy Giga Complex in Jamnagar in western state of Gujarat. The complex is built across 5,000 acres of land in the Gujarat town, read the press release by the company. The Dhirubhai Ambani Green Energy Giga Complex will have five giga factories for Photovoltaic panels, Fuel […] Read more
Ganfeng, Hyundai Enter Long Term Lithium Supply Deal Updated On Fri, Jan 19th, 2024 by Saurenergy China’s leading lithium producer, Ganfeng Lithium, has announced that it has entered into a supply agreement with South Korea’s Hyundai Motor. The auto firm claims that the new deal reflects the automotive industry’s strategic move to secure raw material sources amid the electric vehicle (EV) revolution. The long-term deal entails Ganfeng supplying Hyundai with battery-grade […] Read more
QCells Signs 12-GW Solar Power Deal With Tech-Giant Microsoft Updated On Tue, Jan 9th, 2024 by Saurenergy Global renewable energy player Qcells will supply tech giant Microsoft with 12 – G.W. of solar modules and EPC services over an 8-year period. This is Qcells’ largest module and engineering, procurement and construction (EPC) services agreement to date. The order is equivalent to powering more than 1.8 million homes annually. The eight-year strategic alliance […] Read more
LG Energy Solution Vertech Secures 10 GWh ESS Project in US Updated On Fri, Dec 22nd, 2023 by Saurenergy LG Energy Solution Vertech has secured 10 gigawatt-hours (GWh) of grid-scale battery energy storage (ESS) projects in the United States for the upcoming year, capitalizing on the potential foreseen in the US ESS market. This 10 GWh initiative encompasses the development of 10 integrated battery energy storage systems. The collective impact of these installations will […] Read more
US Continues Clean Energy Support With $3.5 Billion For Battery Manufacturing Updated On Fri, Nov 17th, 2023 by Saurenergy As part of its Bipartisan Infrastructure Law, the Biden administration in the US has announced a new round of federal funds to underpin a strong domestic manufacturing. Administered by the Department of Energy (DoE) this $3.5 billion package is the second part of a large $6 billion-plus program that started awarding funds to applicant firms […] Read more
India’s RE sector offers scale of economies to foreign investors: Dhananjay Singh, ENGIE Updated On Tue, Oct 10th, 2023 by Saurenergy Please tell us about your installed capacities in India. Globally, we have got about 38 Gigawatts of renewable capacity and out of that in India, we have got over a gigawatt in operations and close to 1 gigawatt in construction. And then we want to grow bigger in India and probably we want to be […] Read more
Norwegian Battery Maker Morrow Nets €100m Equity Funding Updated On Wed, Sep 27th, 2023 by Saurenergy Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […] Read more
