News

Foxconn Signs Agreement with BYTON to Expand Their Presence in EV Market, but US$200 Million Investment May Be Just Speculation

published: 2021-01-15 18:30
Foxconn, also known as Hon Hai Precision Industry, announced on January 4 that it has entered into a framework agreement with EV manufacturer BYTON and the governing authority of the Nanjing Economic and Technological Development Zone. In the future, Foxconn and BYTON will work together to ramp up the production of M-Byte, which is the latter’s battery-electric SUV and first offering in the EV market. BYTON currently aims to achieve mass production for M-Byte by the first quarter of 2022. ...  more

Small Modular Nuclear Joins In on the Diversified Methods of Hydrogen Production

published: 2021-01-13 18:30
The electrolyzed hydrogen production method through renewable energy is also known as green hydrogen, whereas hydrogen refined from natural gas is called grey hydrogen, so what is hydrogen paired with nuclear energy referred to as? NuScale Power has recently proposed a brand new solution for hydrogen production, and pointed out that its autonomous small modular nuclear reactor NPM (NuScale Power Module) is able to produce 50 tons of hydrogen fuel under high economic efficiency per day. ...  more

Australia Enjoyed Fruitful Harvest in Rooftop Solar Energy during 2020, Followed with Rising Fire Incidents

published: 2021-01-13 17:12
2020 saw a fruitful harvest in rooftop solar for Australia, where the installed capacity from the first 9 months had exceeded that of any previous year, and now 1/4 of the houses in the country are installed with rooftop solar panels. However, the increasing number of users comes with comparatively rising incidents. As discovered by the Fire and Rescue NSW, a period of three months during the second half of 2020 alone had 30 fire incidents derived from solar panels. ...  more

South Korea Still Has Strong Demand for PV Products from China Despite Having Well-Known Domestic Solar Enterprises

published: 2021-01-12 18:30
Moon Jae-in, the current President of South Korea, has promised that renewables will account for 20% of the country’s energy mix by 2030. A key plank of the strategy for reaching this target is fostering the development of local solar enterprises and PV power stations. However, a recent report from the Korea International Trade Association (KITA) states that South Korea’s solar market still depends heavily on imports from China. ...  more

US Department of Energy Subsidizes the Development of Yet Another 5 Advanced Nuclear Reactors

published: 2021-01-11 18:30
As the times change, the nuclear power plants that are currently in service are gradually depleting, and with the increasing emphases on nuclear safety around the world, the placement of additional efforts on green energy, or turning into the development of smaller and safer advanced nuclear reactors, has become the mainstream trend. The US Department of Energy has recently announced its support on the development of 5 advanced nuclear reactors, and will be subsidizing a total fund of US$600 million for the next 7 years. ...  more

American Firm Says It Has Turned CO2 into a Renewable Fuel That Could Revolutionize Aviation Industry

published: 2021-01-11 18:30
The COVID-19 has radically changed how people live, work, and travel on a global scale. Aviation is one of many industries that have experienced an unprecedented decline due to this black swan event. Industry analysts have estimated that the global air passenger traffic registered a record-breaking decline of 60% YoY for 2020. While a recovery is expected, the pre-pandemic level will not return until 2024. ...  more