News

EV startup Rivian announced that it use the US$13.7 billion capital that it received as part of its IPO to build a second factory in the state of Georgia. This factory will operate with double the production capacity of Rivian’s Illinois factory. ...  more

Chinese PV product manufacturer JinkoSolar released its unaudited financial results for FY2021Q3 on November 30. Its module shipments for the third fiscal quarter that ended this September 30 came to 4.671GW, and its combined cell and wafer shipments for the same period came to 322MW. Altogether, Jinko’s quarterly product shipments (including wafers, cells, and modules) reached 4.993GW. This figure represents a drop of 4% from the previous quarter as well as a year-on-year drop of 2.4%. ...  more

Italy-based multinational energy company Enel Group has announced that it will spend EUR 70 billion (USD 83.3 billion) between now and 2030 to enlarge its renewable energy and energy storage portfolio. ...  more

Toyota recently unveiled a host of EVs, one of which was an electric pickup truck that garnered much attention, as it will likely become Toyota’s most important product in the US for the next few years. ...  more

Golf courses might be an ideal place for solar farm construction because of their vast, green spaces and exposure to abundant sunshine. In fact, some money-losing golf courses have been transformed into PV power stations with the hope of turning losses into gains.  ...  more

Major Chinese battery supplier CATL announced on December 4 that it will invest RMB 32 billion to set up a new material production base in Yichang, a city in China’s Hubei Province. ...  more

More power supply systems are not necessarily a good thing. If power management and control are poor, excess electricity must be discarded. For example, out of 10 million homes in Australia, one-third have installed solar panels. ...  more

Dutch carmaker Stellantis has entered into a long-term binding agreement to procure lithium hydroxide from Australia-listed lithium supplier Vulcan Energy Resources. The contract involves a minimum quantity of 81,000-99,000MT of lithium hydroxide to be procured over a five-year period starting from 2026. The deal was announced by both companies on November 29 and has been reported by various news agencies including Reuters. ...  more

At this year’s UN Climate Change Conference (COP26), Indonesia committed to gradually reducing its greenhouse gas emissions after reaching peak emissions in 2030. ...  more