News

BMW's Next-generation EV, the Flagship SUV iX Is Officially Showcased

published: 2020-11-18 14:50
BMW's pure-electric next-generation vehicle was officially presented on Nov 12, 2020. The BMW iX is the first representative SUV for the electric flagship series. Its estimated WLTP range is 600 kilometers. The iX uses about 21 kWh of electricity per 100 kilometers. It still carries the signature BMW kidney grille design. In the hottest SUV market, iX is expected to take a certain portion of the market share for this high-end German brand. ...  more

UK’s Largest Battery Storage Project Enters Grid Balancing Market to Provide Demand Response

published: 2020-11-17 18:30
Various media outlets have reported that the Thurcroft battery storage project, which is the largest of its kind in the UK to date, was acquired by Gresham House Energy Storage Fund in early November and is now active in various electricity markets. Listed on the London Stock Exchange, Gresham House is the UK’s largest infrastructure fund that specializes in utility-scale battery storage. ...  more

US Renewable Energy Industry Welcomes Biden’s Triumph in Presidential Election and Hopes Such Result Will Accelerate the Development of the Green Energy Industry

published: 2020-11-16 18:30
Although it is not yet certain whether variables will derive for the US presidential election, the current status is that Democratic nominee Joe Biden has defeated the incumbent Donald Trump, which is the desired results for the US renewable energy industry, where the field of solar energy, wind energy, energy storage, and infrastructure equipment for power grids, has placed high hopes on the Green New Deal. ...  more

Eos Will Supply More Than 1GW of Zinc-Based Batteries for Hecate’s Energy Storage Projects

published: 2020-11-16 18:30
Eos Energy Storage has entered an agreement to supply more than 1GWh of zinc-based batteries to Hecate Energy. The deal, which was officially signed by both parties on November 4, is estimated to value around US$250 million. Headquartered in New Jersey, Eos has developed a DC battery system that is scalable for various applications and requires no rare-earth materials. Hecate Energy is based in Chicago and specializes in developing and operating renewable energy projects. ...  more

Foxx Announces Zero Emission of Greenhouse Gas from Supply Chain and Products by 2050 to Respond to CA100+

published: 2020-11-16 18:30
Foxconn has recently announced that its affiliated value chain will achieve the target of zero greenhouse gas emission by 2050 based on the stipulated objective of the “Paris Agreement”. Simultaneously, in order to respond to the 3 major targets proposed by the steering committee of the Climate Action 100+ (CA100+), all affiliated factories of Foxconn will continue to reinforce on the governance on climate change, implement actions against greenhouse gas emission, as well as disclose information in accordance with the Task Force on Climate-related Financial Disclosures (TCFD), in addition to abide by the carbon emission policy of the local government. ...  more

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