News

US Renewable Energy Industry Welcomes Biden’s Triumph in Presidential Election and Hopes Such Result Will Accelerate the Development of the Green Energy Industry

published: 2020-11-16 18:30
Although it is not yet certain whether variables will derive for the US presidential election, the current status is that Democratic nominee Joe Biden has defeated the incumbent Donald Trump, which is the desired results for the US renewable energy industry, where the field of solar energy, wind energy, energy storage, and infrastructure equipment for power grids, has placed high hopes on the Green New Deal. ...  more

Eos Will Supply More Than 1GW of Zinc-Based Batteries for Hecate’s Energy Storage Projects

published: 2020-11-16 18:30
Eos Energy Storage has entered an agreement to supply more than 1GWh of zinc-based batteries to Hecate Energy. The deal, which was officially signed by both parties on November 4, is estimated to value around US$250 million. Headquartered in New Jersey, Eos has developed a DC battery system that is scalable for various applications and requires no rare-earth materials. Hecate Energy is based in Chicago and specializes in developing and operating renewable energy projects. ...  more

Foxx Announces Zero Emission of Greenhouse Gas from Supply Chain and Products by 2050 to Respond to CA100+

published: 2020-11-16 18:30
Foxconn has recently announced that its affiliated value chain will achieve the target of zero greenhouse gas emission by 2050 based on the stipulated objective of the “Paris Agreement”. Simultaneously, in order to respond to the 3 major targets proposed by the steering committee of the Climate Action 100+ (CA100+), all affiliated factories of Foxconn will continue to reinforce on the governance on climate change, implement actions against greenhouse gas emission, as well as disclose information in accordance with the Task Force on Climate-related Financial Disclosures (TCFD), in addition to abide by the carbon emission policy of the local government. ...  more

This “Intangible Product” of Tesla has Doubled in Revenue and Exceeded US$1 billion Within a Year

published: 2020-11-12 18:30
Despite being a future trend, the exorbitant cost for electric vehicles in the existing phase obstructs profitability, though there is a product that is able to nourish the expenditure of these automotive manufacturers, and it is not a vehicle, nor a battery, but an intangible byproduct of “carbon right”. Tesla had a carbon right revenue of approximately US$600 million from 2019, and has accumulated nearly US$1.2 billion in sales from the first 3 quarters of this year, which became the most remarkable service item on the financial report. ...  more

Owing to Pandemic-Induced Decline, Newly Added PV Installation Capacity Expected to Reach Merely 115GW for 2020

published: 2020-11-11 18:30
The COVID-19 pandemic served as a watershed moment for a dramatic year 2020. By disrupting global supply chains and industrial developments, the pandemic has made its presence felt in practically all aspects of life, with the PV industry being no exception. The pandemic’s impact is reflected in the slightly reduced newly installed PV capacity this year. Energy research consultancy Wood Mackenzie forecasts a yearly newly added global PV capacity of 115GW for 2020. Although this figure surpasses the 100GW-mark, it falls short of the 118GW added in 2019. ...  more