As households increasingly electrify appliances, heating and cooling systems, and shift to driving electric vehicles, utilities face new challenges to decarbonize and maintain customer affordability while meeting demand. By 2035, ... more
News
Development of the UK's Energy Storage Industry: Current Trends and Future Prospects |
| published: 2024-07-05 16:59 |
The recent development of the UK's energy storage industry has drawn increasing attention from overseas practitioners, achieving significant progress in recent years. According to Wood Mackenzie, the UK is expected to lead Europe'... more
South Africa: 10% import tax on imported photovoltaic products, China is not exempted! |
| published: 2024-07-04 17:59 |
In an effort to establish local solar manufacturing capabilities, South Africa has imposed a 10% import tariff on solar PV module and cell imported into the country. Previously, these products were exempt from import duties. The l... more
Leaving Southeast Asia, where should Chinese photovoltaic enterprises go overseas? |
| published: 2024-07-04 17:58 |
Going overseas is not a new topic in the photovoltaic industry. However, the recent US trade policy has caused a wave of turbulence, and the overseas expansion path of Chinese photovoltaic companies is being reshaped.
"The preferr... more
Indonesia issues new quota for rooftop solar system development |
| published: 2024-07-04 17:57 |
In June 2024, Indonesian authorities issued a quota for the development of rooftop solar systems by the state electricity utility PLN for the period 2024-2028, aiming to add 5.75GW of installed PV capacity to the country.
Indonesi... more
Tesla's energy storage product deployment hit a record high, and the company signeer a large energy storage order |
| published: 2024-07-04 17:54 |
TrendForce has learned that on July 2, Tesla's production and delivery report for the second quarter of 2024 was released. According to the report, in terms of energy storage product deployment, Tesla's installed energy storage ca... more
LG won a large order for lithium iron phosphate batteries |
| published: 2024-07-03 17:59 |
On July 2, LG Energy Solution (LGES) announced an important cooperation. The company will supply lithium iron phosphate batteries for Ampere, a subsidiary of Renault electric vehicles.
It is reported that this is also LG Energy So... more
Poland’s Capacity Market Rule Change Could Deal a Major Blow to Battery Storage Systems |
| published: 2024-07-03 17:37 |
The Polish government recently announced a reduction of the derating factor for battery energy storage systems to 57% in the country’s upcoming capacity market auction. This announcement has sparked significant concern in the indu... more
692TWh! First 50% of EU renewable energy generation in first half of 2024 |
| published: 2024-07-03 17:36 |
Eurelectric, the European electricity trade association, has released the latest data on Europe's energy mix, with renewables accounting for more than half of Europe's electricity supply in the first half of this year.
Europe is d... more
Japan: Renewable energy accounts for 38% in 2030! 363GW in 2035! Net zero emissions in 2050 |
| published: 2024-07-03 17:35 |
Solar power and storage play a central role in Japan’s goal of strengthening energy security. As Asia’s economic powerhouse, Japan has become a global leader in the transition to carbon neutrality.
Although Japan's energy self-suf... more
