News

Texas is committed to developing solar energy, with 120 solar power plants planned in the next three years but counterintuitively, Texas is ignoring battery energy storage systems. ...  more

Indian PV glass manufacturer Borosil Renewables and European counterpart Interfloat Corporation have signed an agreement under which the former will acquire 100% of the stake in the latter. ...  more

Tesla presents both an opportunity and a challenge for traditional auto manufacturers that are undergoing an EV transformation. Various manufacturers have been attempting to enlarge their competitive advantages in EVs from different angles, and for the hundred-year-old car maker General Motors (GM), the target is to produce EVs that are more affordable. ...  more

Has establishment of solar systems postponed the decommissioning of coal-fired power plants? US public utility company NiSource Inc commented several days ago that it will delay the shutdown of its coal-fired power plant in Indiana. The solar import investigation initiated this year has drastically delayed the establishment of renewable energy facilities that were prepared to replace fossil fuels.   ...  more

Germany's Volkswagen Group and its partners plan to invest 10 billion Euros in Spain to manufacture EVs and batteries. This figure is 3 billion higher than Volkswagen's previous promise.  ...  more

Tesla's Texas factory officially began to deliver cars in May. However, massive human resources are what it currently needs the most. ...  more

Like its competitors, battery manufacturer Envision AESC (Envision) is aggressively expanding production capacity to meet the rising demand related to electric vehicles and energy storage systems. ...  more

The board of directors of wafer supplier Sino-American Silicon Products (SAS) approved the financial report for the first quarter of 2022 on the 5th. The company attained a consolidated revenue of NT$18.769 billion, with a gross revenue of NT$7.462 billion, as well as a net operating profit of NT$6.205 billion, and a profit before tax of NT$703 million. A profit after tax of NT$1.265 billion was attributable to the parent company at an EPS of NT$2.16. ...  more

Ford has significantly dropped in overall sales in the face of the unmitigated chip shortage, though the country has risen sizably in BEV sales under the principle that first allocates raw materials to EVs, where battery electric vans took the crown of sales champion in the US. ...  more

Egypt’s Hassan Allam Utilities (HA Utilities) and UAE-based renewable energy developer Masdar have signed two MoUs to collaborate on the development of green hydrogen production in the Suez Canal Economic Zone (SC Zone or SETC) and on the Mediterranean coast. ...  more