ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
CtrlS Datacenters Unveils Captive Solar Farm — GreenVolt1 Updated On Thu, Feb 6th, 2025 by Saurenergy CtrlS Datacenters Ltd, a data center operator, unveiled its captive solar farm, GreenVolt 1, in India. Phase I, with a capacity of 62.5 MWp, went live in June 2024, while Phase II, with an additional capacity of 62.5 MWp, is under implementation. CtrlS has spent over a year in R&D optimizing the project and complying […] Read more
Maharashtra: Blue Energy To Set up 30,000 E-Truck Manufacturing Plant Updated On Wed, Jan 22nd, 2025 by Saurenergy Blue Energy Motors has signed a Memorandum of Understanding (MoU) with the Maharashtra government at the World Economic Forum in Davos. The MoU paves the way for Blue Energy Motors Ltd.’s proposed investment in the state, with plans to manufacture 30,000 electric trucks to foster industrial growth and significantly enhance the region’s EV truck manufacturing […] Read more
Odisha: Hindalco Flagged Off EV Bulkers, Charging Stations Updated On Fri, Jan 17th, 2025 by Saurenergy Hindalco Industries Ltd., the metals flagship company of the Aditya Birla Group, has flagged off EV bulkers at its Aditya Aluminium plant in Odisha. These electric vehicles (EV) bulkers would supply one million tonnes of fly ash to the cement industry in the region over the next five years. Additionally, the company has inaugurated two […] Read more
SustVest Raises Rs 14 crores in Pre-Series A Round Updated On Mon, Dec 23rd, 2024 by Saurenergy Sustainable Investment Platform SustVest Raises $1.7 Million in Pre-Series A Round Led by Inflection Point Ventures and Antler SustVest claims to be India’s first regulated platform for sustainable investments, offering investments in renewable energy. It delivers 12-14% XIRR returns with monthly payouts while enabling C&I consumers to access zero-cost solar projects, reducing electricity costs by […] Read more
EMBER Report Says Transatlantic Interconnection Could Be Cheaper Than Nuclear, Hydrogen Updated On Tue, Dec 17th, 2024 by Saurenergy Transatlantic interconnection could be a valuable tool for achieving cheaper energy prices, improving supply security, and advancing decarbonization. Despite the high capital costs, it may prove more cost-effective than other options such as nuclear and hydrogen. According to EMBER research, transatlantic interconnection could help both North America and Europe achieve a more secure and efficient […] Read more
Long-Duration Energy Storage Needs To Touch 8 TW By 2040: Report Updated On Mon, Nov 18th, 2024 by Saurenergy The world’s energy systems are not decarbonising quickly enough to meet global sustainability commitments, and immediate action must be taken to rapidly deploy long-duration energy storage (LDES) technologies to efficiently integrate the growing amount of renewable energy now coming online, according to a new report. The inaugural Annual Report from the Long Duration Energy Storage […] Read more
Equinix, CleanMax Ink 33 MW Captive Project Deal in Maharashtra Updated On Thu, Nov 14th, 2024 by Saurenergy Equinix, Inc., a digital infrastructure company today signed a Power Purchase Agreement (PPA) with CleanMax, a renewable energy provider in the Commercial and Industrial (C&I) sector and a Brookfield-backed company. Under the agreement, the parties plan to collaborate to build a 33 MW Captive Power Plant in Maharashtra. This partnership intends to provide renewable energy […] Read more
The Emissions Impact of Repurposed EV Battery Packs in Residential Settings Updated On Tue, Nov 12th, 2024 by Saurenergy The popularity of plug-in electric vehicles (PEVs) has taken off, thanks to better batteries, lower costs, and strong policy support. However, as electric mobility becomes more mainstream, a crucial question arises, what happens to these batteries when they are no longer usable? With 1.2 million electric vehicle batteries predicted to be decommissioned worldwide by 2030 […] Read more
