News

Section 201 with Variables May Elevate Solar Duty to 18% in 2021

published: 2020-10-15 18:30
Section 201 of the Trade Act that targets imported solar products has been added with variables, which is a devastating news to solar developers. POTUS Donald Trump had recently signed a presidential proclamation, which cancels the previous exemption of duty on partial solar products. He is also hoping to elevate the tax rate of section 201 of the Trade Act by increasing the rate from 15% to 18% in 2021. ...  more

Foxconn Hints That It Will Be Revealing an EV Platform at Hon Hai Technology Day

published: 2020-10-15 18:30
Taiwan-based technology conglomerate Hon Hai Precision Industry, which is also known internationally as Foxconn Technology Group, will be holding the first-ever “Hon Hai Technology Day” (HHTD) on October 16. The first round of invitations for the event were sent on September 23. The invitation bears the slogan “3＋3＝∞” that signifies the company’s commitment to wholescale transformation and the bullish outlook on business opportunities in new industries. Foxconn released more promotional materials for the event at the end of September. ...  more

How Does Major Coal Country South Africa Resolve Unemployment Followed by Its Energy Transformation?

published: 2020-10-14 18:30
As one of the top 10 countries in coal production, the structure of power generation for South Africa is primarily formed with coal-fired power generation, and the ratio had reached to 88% in 2018. However, even the major coal country is currently implementing an energy transformation, and hopes to elevate the ratio of green energy to 40% by 2030, which will facilitate a reduction of carbon emission, though such action would indicate that a significant amount of labors will lose their jobs, and that the government will have to begin stipulating relevant “employment transformation”. ...  more

Lower House of US Congress Passes Bill That Provides Grants for Developing Energy Storage Sector

published: 2020-10-14 14:39
Various media outlets have reported that the US House of Representatives officially passed the Clean Economy Jobs and Innovation Act (H.R. 4447) in late September. If this bill becomes law, the US government will provide funding to advance clean energy technologies, electrify transportation, modernize grid systems, and improve energy efficiency of homes across the country. ...  more

Estonian Startup and Germany’s KIT Will Jointly Develop a “SuperBattery” Featuring 15-Second Charge

published: 2020-10-12 18:30
Recent advances in material technology have led to the development of new types of energy storage devices that greatly surpass conventional lithium-ion batteries in terms of performance. This September, Skeleton Technologies GmbH announced that it is teaming up with the Karlsruhe Institute of Technology (KIT) to develop a “SuperBattery”. Skeleton is a startup based in Estonia, while KIT is one of Germany’s major research and educational institutions. According to the press release from Skeleton, the SuperBattery is designed to be fully charged in just 15 seconds and has a huge potential in the application field of electric vehicles (EV). ...  more

Walmart Plans to Complete Electrification of Its Logistics Fleet by 2040

published: 2020-10-09 18:30
Major international retailer Walmart announced in late September that it aims to replace all of the fossil-fuel vehicles in its logistics fleet with ones that use zero-emission powertrain technologies by 2040. This plan will create additional demand for tens of thousands of electric trucks and tractors over the next two decades if it is carried out in full. ...  more