News

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

Aggreko Completes the First Battery Energy Storage Project for the Largest Electric Coop in the US

published: 2020-11-09 18:30
Aggreko, a multinational company that specializes in generation hire, stated in a press release on October 28 that it has finished the setup of the first energy storage project for Pedernales Electric Cooperative (PEC). The project, which consists of a 2.25MW (4.5MWh) battery storage system, is located in Johnson City, Texas. It is another example of Aggreko’s wide range of mobile and modular power solutions. ...  more

AES Gener Breaks Ground for the First Solar-Plus-Storage Plant in Chile

published: 2020-11-09 18:30
Chilean power producer AES Gener announced on October 15 that it has commenced construction of a solar-plus-storage plant named Andes Solar II-B and a wind farm named Campo Lindo. A virtual event to celebrate the groundbreaking of both projects was held on the same day and attended by Juan Carlos Jobet, Chile’s Minister of Energy. ...  more

Japan Develops a 740°C Super Heat-Resistant Bioplastic that is Regarded as No.1 in the Plastic Sector

published: 2020-11-06 18:30
The petrochemical industry is an indispensable sector for the manufacturing process of plastics as most plastics are refined from petroleum and natural gas, which impacts the environment and increases the emission of carbon dioxide more or less. Scientists in Japan have managed to produce a super heat-resistant bioplastic with environmentally friendly materials in the hope of infusing a certain degree of environmental protection in the ubiquitous plastics. ...  more

Engie EPS Successfully Demonstrates Its Hydrogen Energy Storage System in Greece

published: 2020-11-05 18:30
Engie EPS, an energy storage subsidiary of French energy conglomerate Engie, announced on October 19 that it has completed a pilot project that shows the advantages of its hydrogen-based energy storage system. Currently supporting a microgrid located at the Greek village of Agkistro, the project is developed under an EU-funded research program known as “Remote Area Energy Supply with Multiple Options for Integrated Hydrogen-Based Technologies” or REMOTE. ...  more