News

The International Energy Agency (IEA) said that as of this October, governments around the world have allocated approximately US$470 billion for investments related to clean energy for the period up to 2030. Some of this amount is allocated to clean energy programs that are initiated as economic stimulus measures in response to the effects of the COVID-19 pandemic. Compared with this July, the level of global investments has gone up by about US$90 billion or 20%. ...  more

German energy multinational RWE AG announced on December 6 that it will invest EUR 15 billion through to 2030 to develop renewable energy projects in Germany. ...  more

If the energy transition is to succeed, we need better home battery backup system for renewable energy. ...  more

Flow battery is regarded as a promising option for prolonged grid-level energy storage, though an attainment of high efficiency in the past was often accompanied with an exorbitant level of cost due to the necessary utilization of the expensive vanadium as raw material. ...  more

The US Court of International Trade (CIT) has ruled to exempt imported bifacial PV modules from Section 201 tariffs following the successful petition by a coalition consisting of the Solar Energy Industries Association (SEIA), NextEra Energy, Invenergy Renewables, and EDF Renewables. Officially publicized on November 16, the decision has reinstated the exemption that was first granted and then taken away. Furthermore, it has restored the tariff rate for this year to the originally designated level of 15%. ...  more

How does one revitalize the abandoned mines amidst the era of depleting mines and declining coal industry? A Chinese research team has recently proposed transforming these mines into hydro-pumped power plants, which would become a new type of power generation facility when being paired with solar and wind power generation equipment. ...  more

As reported by foreign media, Michael Schwekutsch, the senior director of engineering for the Apple Car, has left and joined Archer as the senior vice president of engineering. The loss of yet another contributing player has casted a shadow over Apple’s target of releasing a fully self-driving EV by 2025. ...  more

The Zhongneng Offshore Wind Farm—a joint venture backed by China Steel and Copenhagen Infrastructure Partners (CIP)—announced an agreement of project finance on November 24. ...  more

A new piece of information has surfaced from Apple. The company is now determined to release a fully autonomous electric vehicle in 2025 under the leadership of former Apple Watch software chief. ...  more

Germany will be fully developing renewable energy. The new joint government has declared its target of accelerating the expansion of renewable energy and withdrawing from coal-firing, and it aims to elevate the ratio of power generation through renewable energy to 80% by 2030, as well as move up the decarbonization schedule by 8 years to 2030. ...  more