News

Japan is Not Resource-Poor, Ranks Third in Geothermal Energy Storage

published: 2023-04-24 9:30
Geothermal energy is a renewable energy source that uses heat from deep within the earth’s crust to generate electricity. Japan has more than 100 active volcanoes, making it the third largest reservoir of geothermal energy in the world—an attractive option for energy-starved Japan. However, geothermal power generation in Japan has not progressed in decades, facing incredible opposition from Japan’s extremely powerful hot spring industry. ...  more

Cathode Supplier Yuneng’s 2022 Revenue Reached Nearly RMB 42.8 Billion, of Which CATL and BYD Accounted for Over 80%

published: 2023-04-24 9:30
Hunan Yuneng New Energy, a Chinese supplier for cathode materials, posted an impressive financial results for 2022 mainly due to the strengthening of its business ties with domestic battery giants CATL and BYD. On April 12, Yuneng released its first annual report since its listing and stated that the company’s realized revenue for 2022 came to RMB 42.79 billion, reflecting a massive YoY increase of 505.44%. Yuneng’s net profit for 2022 came to RMB 3.007 billion, reflecting a YoY increase of 153.96%. ...  more

Immersion Cooling Battery Adopted by TPC’s Changbin Energy Storage Site for the First Time

published: 2023-04-19 9:30
Immersion cooling battery supplier XING Mobility announced today (19th) that it will be providing a total of 2.4MWh of immersion cooling batteries for Taiwanese energy storage system provider Remotek Corporation, which will be used on the latter’s energy storage cabinets as the first immersion cooling energy storage system for green electricity and energy storage in Taiwan that will then be adopted by the third phase of TPC’s Changbin energy storage site. ...  more

Zhuhai Hongjun Enters PV Industry with Launch of Its Project for Manufacturing HJT Products

published: 2023-04-19 9:30
On the morning of April 13, a groundbreaking ceremony was held for a new project initiated by Zhuhai Hongjun Aviation Manufacturing. Located in Doumen District of Zhuhai, a city in China’s Guangdong Province, the project will manufacture high-efficiency PV cells and modules based on the HJT technology. Hongjun has invested around RMB 5.9 billion into the project, and the project, in turn, is expected generate an annual output value of tens of billions of yuan once it enters the full-scale operation phase. The news about this event was first picked up Chinese renewable energy news websites. ...  more