Early Stage VC SeaFund Invests in 5 DeepTech Startups Updated On Tue, Nov 21st, 2023 by Saurenergy Early stage focused Seafund Ventures has invested INR 5 crore across five sustainability focused startups. The fund plans to invest 20% of its entire investible corpus in clean energy and the EV value chain including sectors like transportation, logistics and circular economy. SeaFund is currently raising its second fund with a target corpus of INR […] Read more
UK, German Moves To Support Offshore Wind Point To Challenges Ahead Updated On Fri, Nov 17th, 2023 by Saurenergy Ørsted’s Travails World’s biggest offshore wind energy developer- Danish firm Ørsted on November 1 this year announced ceasing developing two of its proposed offshore wind projects in the United States (US) at the cost of around £3bn in penalties. These projects were slated to come up at New Jersey off the US coast. They had […] Read more
CATL and Quinbrook In Agreement for 10 GWh Stationary Battery Energy Storage Systems Updated On Thu, Nov 9th, 2023 by Saurenergy CATL and Quinbrook have announced the signing of a Global Framework Agreement in stationary storage with the aim to deploy 10GWh+ of CATL’s advanced storage solutions over the next five years,underlining their focus on using advanced storage solutions to meet energy transition goals. The long-term partnership includes the design, optimization, and supply of the most […] Read more
Aland Island Set for Large-Scale Integrated Renewable Energy Updated On Thu, Nov 2nd, 2023 by Saurenergy Copenhagen Infrastructure Partners, Flexens, and Lhyfe have formed a partnership for the development and construction of an ambitious integrated energy island solution enabling large-scale offshore wind, green hydrogen production, and other local anchored value creating activities on Åland. CIP, through Copenhagen Energy Islands, Lhyfe and Flexens have jointly launched the Åland Energy Island project. The project will […] Read more
SJVN Arm Joins Hands with Norwegian Firm for Pilot Floating PV Updated On Mon, Oct 30th, 2023 by Saurenergy SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN Limited has joined hands by way of an MoU with Ocean Sun, Norway, which is a specialist in floating solar. The agreement will pave the way for a partnership between the two firms in the field of new technologies in green and clean energy […] Read more
NYSERDA Awards 1.3 GW Wind Capacity Under Community Offshore Initiative Updated On Thu, Oct 26th, 2023 by Saurenergy New York has provisionally awarded a Community Offshore Wind contract worth 1.3 GW. A joint venture between RWE and National Grid Ventures, Community Offshore Wind will be developed under a phase-wise approach within Community Offshore Wind’s 3.2 GW seabed lease in the New York Bight. The seabed lease was acquired during federal bidding by the […] Read more
Husk Power Secures $100+ Million in Equity and Debt To Boost Growth Updated On Wed, Oct 25th, 2023 by Saurenergy Husk Power Systems has now announced closing $43 million in Series D funding. It said that it is the largest-ever equity raise in the minigrid industry. The funding, the firm said, would bolster Husk’s position as the leader in electrifying communities in rural Sub-Saharan Africa and South Asia with an Artificial Intelligence-enabled platform of renewable […] Read more
10% PV Installations Will Incorporate Storage Within a Decade: DNV Report Updated On Thu, Oct 12th, 2023 by Saurenergy DNV, an expert in assurance and risk management, has recently released its ‘Energy Transition Outlook, 2023’ report, focusing on the progress of solar photovoltaic (PV) technology. The report gives an overall trends stating that, in 2004 the annual solar installations were a modest 1 GW. However, by 2019, this figure skyrocketed to 100 GW despite […] Read more
SOFAR Storage Solutions Seeks To Repeat Success In European C&I Market Updated On Thu, Oct 12th, 2023 by Saurenergy SOFAR, a global leading provider of all-scenario PV & ESS solutions, marked presence at the BNEF London Summit. Together with Nelson Nsitem, energy storage analyst from BNEF, both parties jointly held the roundtable “Exploring Possibilities and Overcoming Barriers: C&I Energy Storage in Europe” where industry experts exchange perspectives on C&I energy storage in Europe. SOFAR, […] Read more
