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China's PV Industry Faces 'Ice and Fire'

published: 2024-07-30 17:42

"The development of the PV industry last year could be described as 'mixed blessings,' but now it's a case of 'ice and fire,'" stated Wang Bohua, Honorary Chairman of the China Photovoltaic Industry Association, at the "2024 Mid-Y... more

The gross profit margin of CATL's energy storage business in the first half of the year was 28.87%!

published: 2024-07-29 17:55

TrendForce has learned that on July 26, CATL released its financial results for the first half of 2024. According to the semi-annual report, CATL achieved a total revenue of 166.767 billion yuan in the first half of the year, a ye... more

Germany drafts new bill to speed up approval process for PV, wind power, energy storage

published: 2024-07-29 17:49

Ensuring“acceleration zones,”wind and solar PV parks, and energy storage projects, Germany's federal cabinet on Wednesday approved a draft law aimed at shortening the project approval process, a move that fulfills the requirements... more

Australia plans to promote the development of VPP to accelerate the replacement of coal-fired power with new energy

published: 2024-07-29 17:48

On July 25, the Australian Energy Market Commission (AEMC) issued a proposal to allow virtual power plants (VPPs) to compete directly with large power plants in the energy market, which will help promote photovoltaics to play a gr... more

Signed four consecutive cooperation in a single month! EVERYWHERE lithium power!

published: 2024-07-29 17:47

On July 23, EVE Energy announced that it had signed a memorandum of the agreement, Infineon will provide a complete set of chip solutions for the new generation of battery management systems, covering key components such as microc... more

India may resume Chinese photovoltaic investment in India

published: 2024-07-26 17:22

According to foreign media reports, two government sources said that India may relax restrictions on Chinese investment in non-sensitive industries such as solar module and cell manufacturing. Due to India's lack of professional e... more

Drinda plans to invest an annual output of 5GW high-efficiency battery production base project in Oman

published: 2024-07-26 17:19

On July 26, Drinda issued an announcement on the proposed investment in the Oman's annual output of 5GW high-efficiency cell production base project. According to the announcement, the company intends to invest in the construction... more

More than half of California solar customers to add battery storage systems

published: 2024-07-26 17:08

The U.S. Energy Information Administration revealed in its monthly Electricity Sector Report that battery adoption by solar customers in California is on the rise. In October 2023, about 20 percent of solar buyers in California ch... more

Foxconn Expands Energy Storage Portfolio with Strategic Move into Solid-State Battery Sector

published: 2024-07-26 17:07

Foxconn Technology Group, the world's largest electronics manufacturing and services company, has expanded its energy storage portfolio once again, this time focusing on the burgeoning solid-state battery sector. Recently, Hon Hai... more

India may take further steps to develop its PV industry

published: 2024-07-25 17:50

Nirmala Sitharaman, India's Union Finance Minister, presented the Union Budget for 2024-25 on July 23, 2024 to Parliament. The budget sets out the government's measures to achieve a sustainable energy transition in India, in addit... more

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