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
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
Vistra, LG Energy Expand Californian Battery Facility to 1.6 GWh Updated On Fri, Aug 20th, 2021 by Saurenergy Vistra Corp., a Texas-based energy firm, and LG Energy Solution, a South Korean battery maker, have completed setting up the 400 MW/1.6 GWh Vistra Moss Landing Energy Storage Facility in Monterey County, California. Vistra recently finished construction on Phase II of the facility. The battery system is now storing power and releasing it to California’s grid […] Read more
MoP Issues Draft Electricity Rules 2021 for Green Energy Updated On Tue, Aug 17th, 2021 by Saurenergy The Ministry of Power has released the “Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021,” seeking comments from stakeholders within 30 days. The draft rules can be accessed here. These rules are proposed for the purchase and consumption of green energy, including the energy from ‘Waste-to-Energy’ plants. The draft rules address […] Read more
High Cost, Infrastructural Issues Limit Green Hydrogen’s Role in Energy Transition: Study Updated On Tue, Aug 17th, 2021 by Saurenergy Green hydrogen is recognised as a viable solution for reducing greenhouse gas emissions and transitioning away from fossil fuels for “hard-to-abate” sectors. The supply chain for hydrogen, however, is not yet fully developed. Several barriers, such as the high cost of green hydrogen compared to non-renewable alternatives and the lack of dedicated infrastructure, are still […] Read more
Reliance Joins Bill Gates, Paulson To Pump $144 M Into Energy Storage Firm Ambri Inc Updated On Tue, Aug 10th, 2021 by Saurenergy Reliance New Energy Solar Ltd (RNESL), Bill Gates, Japan Energy Fund and a few other strategic partners are investing $144 million into US energy company Ambri Inc to help it commercialize and grow its daily cycling, long-duration system technology, and build a domestic manufacturing facility. “This financing supports the commercial growth of our company and technology,” said Dan […] Read more
Renewable energy statistics 2021 Updated On Mon, Aug 9th, 2021 by Saurenergy Renewable Energy Statistics 2021 by IRENA provides data sets on the power-generation capacity for 2011-2020, actual power generation for 2011-2019, and renewable energy balances for over 130 countries and areas for 2018-2019. Data were obtained from a variety of sources, including an IRENA questionnaire, official national statistics, industry association reports, consultant reports, and news articles. […] Read more
Indian Renewable Energy Industry Analysis Updated On Fri, Aug 6th, 2021 by Saurenergy The India Brand Equity Foundation (ibef) has reported an analysis of the Indian Renewable Energy in May 2021. It reported that India ranked third in EY Renewable Energy Country Attractive Index. Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 17.33% between FY14-FY20. Power […] Read more
India’s Energy Storage Tech Capacity to Reach 180-800 GW by 2050 Updated On Fri, Aug 6th, 2021 by Saurenergy During the last decade, the cost of energy storage technologies, primarily lithium-ion battery energy storage systems (BESS), has declined rapidly and is projected to decline further over the next decade. This comes at a time when electricity grid flexibility is being recognised as an essential resource for reliable operations and for integrating high amounts of […] Read more
