News

Solar Industry Awaits Numerous Challenges as IRA Falls Short of Being a Panacea

published: 2023-02-15 9:30
US President Joe Biden signed the most ambitious climate act in the history of the country during 2022 through the Inflation Reduction Act (IRA) in the hope of accelerating renewable energy development, though experts have pointed out that it would take another 2-3 years before seeing a sizable growth in solar power. ...  more

Minerals Are Abundant But Not Easy to Extract, Imposing Constraints on EV Manufacturing

published: 2023-02-14 9:45
A large number of minerals are required for energy transition. While the U.S. Geological Survey (USGS) indicates that mineral resources might be inexhaustible, minerals are not easy to obtain. Instead, mineral extraction involves complex issues from geopolitical concentration, material quality, average lead time in the mining industry to environmental factors, all of which will decide whether humans can get the ores they want. ...  more

EVE to Add More Production Capacity at Its Operation in Jingmen

published: 2023-02-13 9:30
Major Chinese battery supplier EVE announced on January 31 that its subsidiary EVE Power and the administrative committee of Jingmen Hi-Tech Industrial Park signed an agreement for setting up new battery production lines. Under the agreement, EVE will invest around RMB 10.8 billion to set up 60GWh per year of production capacity for Li-ion batteries and other supporting facilities. Of the RMB 10.8 billion, fix assets will account for around RBM 8 billion. JIngmen is a city in China’s Hubei Province. ...  more

Australian Research Team Develops a Perovskite-Silicon Solar Cell with 30.3% Efficiency that Will Likely Be Commercialized in 2026

published: 2023-02-10 17:15
Australia has long had high expectations of solar energy and set a goal to reduce the cost of solar energy to AUD 0.30 per installed watt by 2030 along with a 30% solar-cell efficiency. The chance of achieving this goal has become high as The Australian National University (ANU) proposed a tandem cell with an efficiency of 30.3% by stacking a perovskite cell on a silicon cell. ...  more

Subsidiary of Shenzhn Gas to Build Plant with Annual Production Capacity of 420 Million Square Meters for Encapsulation Films Used in PV Modules

published: 2023-02-10 9:30
On February 4, Shenzhen Gas announced that its holding subsidiary Jiangsu Sveck Photovoltaic New Material will set up a plant for the manufacturing of encapsulation films used in PV modules. The annual production capacity of the plant is set at 420 million square meters. Svek plans to invest no more than RMB 1.3641685 billion in this project, though the investment amount and the scale of the project may be changed in the future in accordance with the actual market situation. ...  more