News

Tesla Begins Construction of Lithium Refinery in US

published: 2023-05-15 9:30

In April of last year, Tesla’s CEO Elon Musk announced via an online post that his company was planning to make a full-scale entry into mining and refining lithium. Now, over a year later, Tesla has started to take concrete steps towards this goal. On May 8 of this year, Elon Musk held a groundbreaking ceremony for a new lithium refinery in Corpus Christi, Texas. Among the attendees of the event was Texas Governor Greg Abbott. ... more

Gazelle Unveils New Floating Offshore Wind Platform Technology Aiming to Accommodate Turbines up to 20MW

published: 2023-05-12 15:25

Gazelle, an Ireland-based foundation developer for floating wind farms, announced the third-generation technology of floating wind platforms, claiming that it is able to accommodate large offshore turbines up to 20MW with reduced weight, a lower cost, and a decrease in submarine cable tension. ... more

Equipment Installation Begins at Phase 2 of HuaSun’s Wafer Manufacturing Site in Anhui

published: 2023-05-12 15:04

On May 6, HuaSun held a grand ceremony to mark the equipment move-in at the phase 2 of its wafer manufacturing site in Xuancheng Science and Technology Park. Xuancheng is a city in China’s Anhui Province. This event was first reported by other Chinese news outlets. ... more

Gotion Hi-Tech’s LFP Batteries to Be Adopted for Volkswagen’s Vehicles Sold Outside China

published: 2023-05-12 9:30

On May 10, the major Chinese battery supplier Gotion Hi-Tech announced that its subsidiary, Hefei Gotion, has received a procurement confirmation letter from Volkswagenwerk AG (Volkswagen). According to the letter, Gotion Hi-Tech will supply LFP battery cells for Volkswagen’s vehicles sold outside of China. Subsequently, a comprehensive adoption by Volkswagen for its various model series could take place. ... more

Chery Submits Trademark Application for Battery, Thus Revealing Its Alliance with CATL in Product Development

published: 2023-05-12 9:30

Several Chinese business information websites recently reported that compatriot carmaker CHERY has submitted an international trademark application for “Yuanqi Battery by CHERY and CATL” (“元气电池 BY CHERY & CATL”). ... more

Microsoft Signs PPA with Nuclear Fusion Company Helion Energy

published: 2023-05-12 9:30

Microsoft announced on May 10th that they have signed a power purchase agreement (PPA) with nuclear fusion company Helion Energy. The latter plans to initiate operation for the first nuclear fusion power plant before 2028 at a targeted power generation of 50MW. ... more

Alcoholic Beverage Company Wuliangye Invests RMB 1 Billion to Develop Renewable Energy Businesses

published: 2023-05-12 9:30

Wuliangye, a major player in China's Baijiu market, has long been recognized for its brewing techniques and cultural heritage. However, in recent years, the company has also entered the field of new energy technologies with the aim of developing its own renewable energy businesses. ... more

Jhongli Factory to Boost Profitability in Second Half of Next Year! GUS Tech to Debut on Emerging Stock Market at TWD 30 May 12

published: 2023-05-11 17:15

GUS Technology, guided by Fubon Securities, is set to hold an investor briefing before its debut on the Emerging Stock Market on May 12th, with a listing price of TWD 30 per share. ... more

Europe to Take Off in Energy Storage and Potentially Arrive at 95GW in Installed Capacity by 2050

published: 2023-05-11 9:30

British research institution Aurora Energy Research pointed out that Europe will be increasing its quantity of 10MW grid-grade energy storage systems each year, and could arrive at an accumulated capacity of 42GW by 2030, before potentially reaching 95GW by 2050. This also means that the period between 2023 and 2050 will see more than EU€70 billion of accumulated investment opportunities. ... more

OpenAI CEO Invests in Nuclear Fusion Startups as Technology Gains Traction

published: 2023-05-11 9:30

OpenAi CEO Sam Altman, a prominent figure in the tech world and former president of startup accelerator Y Combinator, has made a significant investment in nuclear fusion startup Helion Energy. Altman’s involvement has brought increased attention to the potential of nuclear fusion technology. ... more

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