News

KEDA Posted Net Profit of RMB 4.251 Billion for 2022

published: 2023-04-26 9:30
KEDA Industrial Group, a Chinese machinery company, released its annual report for 2022 on April 14. According to the report, the company posted a realized annual revenue of RMB 11.157 billion, showing a YoY growth of 13.89%. ...  more

Ørsted Partners with TCC for Onshore Substation Contract

published: 2023-04-26 9:30
Ørsted announced on the 27th that it has signed a contract with Taiwan Cogeneration Corporation (TCC) to construct a 920 MW onshore substation for the second phase of the Greater Changhua South West and North West offshore wind farms. ...  more

GCL-Poly to Abandon Pricey US Expansion Plans

published: 2023-04-26 9:30
Bloomberg reports, “US policies are attractive, but not attractive enough.” GCL-Poly Energy Holdings, the world’s second-largest manufacturer of polysilicon, is considering opening its first overseas factory. However, it may abandon plans to build a factory in the United States due to high costs. ...  more

Carbon Fee Imposition under Planning; EPA: Initially Imposed on Power and Manufacturing Industries with 25K tons Annual Carbon Emission

published: 2023-04-25 9:30
How does one impose carbon fees? Will it lead to a transfer of cost? The Environmental Protection Administration (EPA) of the Executive Yuan in Taiwan has commented that the imposition of carbon fees is still currently under planning, where power and manufacturing industries with an annual emission of more than 25K tons are set as initial targets, and those who are imposed with the fees can propose their own reduction plans in accordance with suitable rates. ...  more

Japan is Not Resource-Poor, Ranks Third in Geothermal Energy Storage

published: 2023-04-24 9:30
Geothermal energy is a renewable energy source that uses heat from deep within the earth’s crust to generate electricity. Japan has more than 100 active volcanoes, making it the third largest reservoir of geothermal energy in the world—an attractive option for energy-starved Japan. However, geothermal power generation in Japan has not progressed in decades, facing incredible opposition from Japan’s extremely powerful hot spring industry. ...  more

Cathode Supplier Yuneng’s 2022 Revenue Reached Nearly RMB 42.8 Billion, of Which CATL and BYD Accounted for Over 80%

published: 2023-04-24 9:30
Hunan Yuneng New Energy, a Chinese supplier for cathode materials, posted an impressive financial results for 2022 mainly due to the strengthening of its business ties with domestic battery giants CATL and BYD. On April 12, Yuneng released its first annual report since its listing and stated that the company’s realized revenue for 2022 came to RMB 42.79 billion, reflecting a massive YoY increase of 505.44%. Yuneng’s net profit for 2022 came to RMB 3.007 billion, reflecting a YoY increase of 153.96%. ...  more