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Wednesday 20 November 2024
China slashes export tax rebates for solar panels and lithium batteries by 30%
China's Ministry of Finance and State Taxation Administration has announced significant changes to its export tax rebate policy, effective December 1. The new policy eliminates rebates for 59 products and reduces the rebate rate from 13% to 9% for 209 items, including refined oil, solar panels, lithium batteries, and modules, vanadium redox flow batteries, and certain non-metallic mineral products. This 4% reduction represents an approximate 30% decrease in rebates.
Monday 18 November 2024
EU-China trade war reshapes solar and EV landscape
Trade disputes between the EU and China, especially in the solar and automotive sectors, underscore the intricate nature of global trade. Chinese manufacturers have shown resilience and adaptability, often finding ways around regulatory hurdles.
Wednesday 13 November 2024
SAS expands renewable energy portfolio with Anneal Energy stake
Sino-American Silicon Products (SAS) Group is expanding its renewable energy presence through a recent stock subscription agreement with Anneal Energy, securing a 45% stake and becoming the largest institutional shareholder. This move aligns with adjustments to Taiwan's Electricity Act, which now allows Type III solar power plants—those with less than 2,000 kilowatts in capacity—to sell green energy to renewable trading companies for corporate use.
Thursday 7 November 2024
Panasonic's battery division offsets EV sales slowdown with rising demand for data center energy systems
Panasonic's battery manufacturing division has found a silver lining in the growing demand for data center energy systems, offsetting the impact of slowing electric vehicle (EV) sales. The division reported strong financial results despite challenges in the EV market.
Thursday 7 November 2024
Trump win threatens future of Inflation Reduction Act subsidies in 2025
Following the victory of Donald Trump and the Republican Party in the US presidential and congressional elections, major changes are anticipated when the new administration takes office. Chief among these changes is the likely rescinding of unspent funds under the Inflation Reduction Act (IRA), which could significantly impact the renewable energy, energy storage, and electric vehicle (EV) sectors.
Wednesday 6 November 2024
Hybrid energy islands emerge as promising renewable technology solution
Transitioning to net-zero emissions by 2050 presents a major challenge for Taiwan and many countries alike, demanding extensive changes to energy infrastructure, industrial practices, and consumer behavior. Taiwan's National Science and Technology Council (NSTC) has adopted an "ecosystem" approach to unify the energy supply chain, enabling practical applications of hydrogen energy, marine energy, energy storage, grid integration, and carbon capture solutions.
Thursday 31 October 2024
China market: 5 solar firms raise prices
Following the convening of local enterprises by the China Photovoltaic Industry Association (CPIA) to address vicious competition tactics in China's solar energy industry, Chinese solar firms have jointly acknowledged the significance to mitigate price-cutting practices, according to industry sources.
Thursday 31 October 2024
Liteon sees strong 4Q24 as next-gen AI server shipments begin
Liteon Technology will continue to focus on AI servers, green energy, and high-performance infrastructure, with the company planning shipments of 33kW power shelves for next-generation AI servers in the fourth quarter of 2024. Furthermore, the company has completed testing of its liquid-to-liquid cooling system, with initial shipments slated to begin in 2025, and is formally entering the home energy storage market. Despite the traditionally off-peak season, the company expects both quarter-over-quarter and year-over-year growth as revenue from AI-related products continues to rise.
Friday 25 October 2024
Tech giants bet on nuclear to power AI: can governments keep up?
The industry's trio of cloud service providers (CSPs) are actively embracing nuclear energy with unprecedented enthusiasm, signaling a major shift in the global energy landscape. As the AI race intensifies, massive investments from companies are flooding into infrastructure projects worldwide, driving a surge in demand for carbon-free energy (CFE). The global response to this transformation will significantly shape the future energy landscape.
Thursday 24 October 2024
Taiwan re-evaluates nuclear policy amid AI-driven power surge
Taiwan is aligning with a growing global trend, as nations and tech giants increasingly turn to nuclear power to meet the surging electrical demand driven by AI. Premier Cho Jung-Tai recently suggested that Taiwan maintains a "very open" attitude toward adopting new nuclear technologies, marking a potential shift in the government's stance on nuclear energy.
Friday 18 October 2024
US faces nuclear power expansion challenges amid net-zero push
The US Department of Energy estimates the country will need to add 200 GW of nuclear capacity by 2050 to meet its net-zero targets and phase out coal-fired power plants. That translates to roughly 200 new reactors.
Thursday 17 October 2024
HHTD24: NVLink Switch unveiled, in-house equipment maximizes automation
This year's Hon Hai Tech Day (HHTD24) not only showcased Foxconn's latest technological developments and plans to partners, investment institutions, and the media, but it was also open to the general public for the first time. Noteworthy technology and applications have been summarized as follows.
Thursday 17 October 2024
Taiwan turning to overseas power, but at what cost and risk?
Minister of Economic Affairs J.W. Kuo has raised the possibility of establishing renewable energy facilities in the Philippines to address Taiwan's surging energy demands, particularly from the semiconductor industry. With domestic green power development facing mounting obstacles, Taiwan could consider transporting power back via shipping or undersea cables to bridge the gap.
Thursday 17 October 2024
Seres and Huawei's EV collaboration boosts supplier revenue in Q3
Chinese automaker Seres, in partnership with Huawei to produce the Aito EV brand, reported strong financial results for the first three quarters of 2024, driving notable growth for its supply chain. Taiwan-based suppliers, particularly Kwang Hwa Electronic Material, saw a significant revenue boost in September due to increasing orders from Seres.
Tuesday 15 October 2024
India is finally becoming a clean energy superpower
It's better to under-promise and over-deliver. India's clean power industry is finally making good on that dictum.
Monday 14 October 2024
Home energy storage gains traction amid rising solar incentives
Fueled by government support, technological advancements, and a growing appetite for energy independence, storage companies are aggressively expanding into the global residential energy storage market. As rooftop solar incentives increase worldwide, firms are rolling out new products to capitalize on rising demand for home energy storage systems.
Friday 11 October 2024
Middle East pager explosions raise concerns over Western V2X security
The US plans to implement a ban in January 2025 on certain software and hardware used by connected cars from China and Russia for security. This initiative has drawn considerable criticism, with some arguing that mobile phones and smart consumer electronics have long been connected, labeling it as paranoid and overt protectionism.
Friday 11 October 2024
Dimensity 9400's 50 TOPS pushes MediaTek to the forefront of mobile AI
MediaTek has unveiled its flagship mobile chip, the Dimensity 9400, capturing attention with its new AI capabilities, including the NPU 890, which delivers an impressive 50 trillion operations per second (TOPS) — now the market's benchmark for AI computing. Analysts anticipate that rivals like Qualcomm will aim for this same 50-TOPS threshold in their next SoCs.
Friday 11 October 2024
Seetel targets profitability amid surge in storage and EV charging demand
Seetel New Energy is expanding beyond its core business of energy storage manufacturing and system integration into front-of-meter (FTM) and behind-the-meter (BTM) storage, renewable energy storage, and EV charging applications. The company anticipates that its 200 MW storage projects, set to roll out in the fourth quarter of 2024, will boost the quarter's performance, potentially turning 2024 into a profitable year.
Friday 11 October 2024
Hengs Technology poised for growth with innovative solar and energy storage solutions
Taiwan's largest solar photovoltaic system installer, Hengs Technology, is optimistic about its fourth-quarter performance, with signs of recovery in its solar system installation business after three quarters of stagnation. Additionally, its front-of-the-meter (FTM) energy storage projects are entering a critical harvesting phase, according to Chairman Heng-hao Chou.
Wednesday 9 October 2024
HHTD24: CDMS shortens product design time, says Jun Seki
Jun Seki, Foxconn's chief strategy officer, said at Hon Hai Tech Day (HHTD) that unlike their smartphones, notebooks (NB), and game consoles, Foxconn's strategy for electric vehicles (EVs) is to adopt a commissioned design and manufacturing services (CDMS) model.
Wednesday 9 October 2024
Taiwan's industrial power price hike to propel BTM energy storage amid challenges
Taiwan's industrial electricity prices will increase by 12.5% starting October 16, while residential rates remain unchanged. This significant hike presents challenges for the solar, wind power, and front-of-the-meter (FTM) energy storage sectors. However, behind-the-meter (BTM) energy storage, which faces fewer restrictions, is poised to emerge as the ultimate beneficiary. The key question remains: will demand for BTM energy storage solutions grow rapidly?
Tuesday 8 October 2024
IRA sparks opportunity for Taiwan's energy storage industry amid domestic hurdles
Taiwan's energy storage market is experiencing turbulence as several recent projects have been paused, raising concerns among local players about future growth. However, international energy storage leaders like Fluence and QPO Energy remain optimistic about the global outlook, highlighting strong demand across Europe, the US, and the Asia-Pacific region. The US market, in particular, benefits from the Inflation Reduction Act (IRA), prompting calls for Taiwan's supply chain to capitalize on emerging opportunities abroad.
Tuesday 8 October 2024
AUO eyes US and EU for solar expansion, power plant investment to remain domestic
The drop of Taiwan's solar field development volume in 2024 has sent ripples into AUO's expected installation volume of 2025 and 2026. However such outlook did not stop the firm's energy division to follow in the footstep of its display business , eyeing the US and European markets as its first stop in its international expansion efforts.
Monday 7 October 2024
Formosa Smart Energy's new battery plant to begin production in November
Formosa Smart Energy (FSE) has announced that the first phase of its battery cell and module plant in Changhua will commence mass production in November 2024.
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