The green energy revolution faces its greatest challenge as former President Donald Trump prepares his return to power, heralding a seismic shift in US energy policy. Like a pendulum swinging back with force, Trump's incoming administration stands poised to demolish the Biden Administration's clean energy initiatives, systematically dismantling renewable energy development while breathing new life into traditional fossil fuels. As storm clouds gather over the renewable sector, industry experts warn that a Trump-led government would withdraw again from the Paris Agreement, dealing a potentially devastating blow to global climate action.
Ritek Group has identified energy storage as key to advancing new energy solutions, with Ritwin Corp. Chairman Gordon Yeh emphasizing policy and artificial intelligence (AI) as the primary drivers of the industry's growth.
Amid rising industrial electricity demand in Taiwan, the effective integration of energy creation, storage, and conservation has become crucial for business development. Foxlink Group Chairman Taichang Guo emphasized that creating diversified renewable energy solutions to support Taiwan's industrial stability will be a key mission for the group's future development.
The return of Donald Trump to power introduces substantial uncertainty in the progression of global climate change initiatives. An analysis by DIGITIMES Research delves into his energy policies, examining their impact on the green energy sector within the US and the broader global energy landscape. The publication projects the potential trajectory of the industry through the year 2025.
Samsung Electro-Mechanics is leveraging its multilayer ceramic capacitor (MLCC) expertise to venture into the energy sector, specifically targeting the development of small all-solid-state batteries.
GlobalWafers' Danish subsidiary, Topsil, has achieved a significant milestone in renewable energy adoption by inaugurating a solar power facility that supplies 100% of its manufacturing site's electricity needs. This development marks a crucial step in GlobalWafers' commitment to the RE100 initiative, which it joined in 2022 to implement green energy across its global operations.
The surging demand for advanced data center expansion has brought energy stability, cost-efficiency, and safety into sharp focus. In response, Gus Technology unveiled a dual-purpose UPS energy storage module powered by lithium-titanium-oxide (LTO) technology. While primarily aimed at the uninterruptible power supply (UPS) market, the company also envisions expanding its use to backup battery units (BBUs).
Taiwan's power industry is undergoing a profound digital transformation, spurred by the decentralization and liberalization of the electricity market. Established companies are keen to develop renewable energy innovations, while startups seize opportunities in this evolving landscape. Increasingly, players across the sector are focusing on intelligent solutions to stay competitive and navigate the energy transition.
As the energy transition accelerates, behind-the-meter energy storage is emerging as a key tool to boost efficiency and manage peak power demand. While the industry sees strong market potential, large electricity consumers, including factories, remain cautious, citing uncertain payback periods and regulatory challenges.
Hanwha Qcells, a subsidiary of Hanwha Solutions, has secured a US$1.45 billion low-interest loan to accelerate the development of its integrated Solar Hub in Georgia, the US. The investment strengthens US energy independence, challenges China's renewable energy dominance, and aligns with global net-zero goals under the Paris Agreement.
The global solar energy landscape enters 2025 with seismic shifts as the US tightens trade measures against Southeast Asia and China's dominance in N-type TOPCon technology sparks supply chain turmoil. Despite efforts to diversify, Chinese manufacturers still control over 85% of global solar demand, reinforcing their position amid geopolitical tensions.
Sekisui Chemical is set to acquire Sharp's Sakai facility in Osaka to construct a new factory for next-generation perovskite solar cells. Sekisui plans to form a new solar cell company in partnership with the Development Bank of Japan, investing a total of JPY314.5 billion (US$2 billion) by 2030.
As the global energy market continues to show steady growth, Bulma Energy is focusing its efforts on three key areas- electric vehicle (EV) solutions, energy storage walls, and storage projects- to drive overall performance and profitability. According to Hung-Wei Chuang, chairperson of the company, the company is targeting double-digit growth in 2025 amid the maturing of the green energy market.
Xing Mobility and Japan's Eneos Corporation signed a strategic partnership memorandum in Tokyo to collaborate on immersion cooling battery systems. The partnership aims to accelerate adoption across diverse markets, leveraging Eneos's energy expertise and Xing's decade-long technical leadership in the field.
Tesla's Shanghai Megafactory in Lingang is on track for completion by the end of 2024, with production anticipated to start in the first quarter of 2025, underscoring the company's commitment to rapid expansion in energy storage manufacturing.
J&V Energy has announced the formal signing of a memorandum of understanding (MOU) with Thailand's ESPRO. The two parties will jointly establish a holding company in Thailand, focusing on the development and operational management of green energy projects in the region.
In the year-end message to Tata Group employees, chairman N Chandrasekaran emphasized the transformative impact of manufacturing on India's economy, buoyed by global supply chain shifts favoring the country.
LG Energy Solution (LGES) has secured a 7.5 GWh energy storage system (ESS) supply deal with US-based Excelsior Energy Capital, with production and delivery slated to begin in 2026. The agreement underscores LGES’s commitment to expanding its footprint in the ESS market while leveraging its energy storage solutions to manage short-term demand shifts in the electric vehicle (EV) industry.
HD Renewables announced plans on December 23 to establish a green energy investment and asset management platform, "ZEBRE," in partnership with ZEN Energy Group. The venture targets an investment capacity of 1.4GW, with initial acquisitions focused on South Australia's Solar River, a large-scale solar and energy storage project.
While the semiconductor supply chain has driven Taiwan's recent surge in electricity use, a trend expected to continue, the exact power consumption requirements for AI remain uncertain. According to Chih-meng Tsai, VP and spokesperson of Taiwan Power Company (Taipower), the electricity provider has developed three strategies to address this challenge: increasing green energy development, optimizing natural gas consumption efficiency, and building backup power plants.
Taiwan-based energy solution provider ATE Energy has achieved significant progress in the Philippines market with an order backlog of about NT$11 billion (approx. US$335.83 million) and expects overseas revenues to account for 70% of the overall total in 2025, according to the company.
Stringent regulations and restrictive land use policies have severely limited Taiwan's solar power development, failing to meet the semiconductor industry's growing demand for green energy, according to Norman Tsai, chairman of both the Taiwan Photovoltaic Industry Sustainability Association (TPISA) and INA Energy.
Leading heavy electrical equipment maker Fortune Electric has seen 2024 revenue and profit surpass last year's levels, as its order backlog now extends to 2027-2028, according to company president I-te Hsu. The company expects exports to account for as much as 50% of its revenue in 2025, which will help boost its bottom line as exports are more profitable than sales to Taipower and other green energy products.
Japan is advancing its ambitious space solar power program through foundational experiments designed to collect solar energy in space and transmit electricity back to Earth.
Daya Group marked its upcoming 70th anniversary with a renewed commitment to long-term energy development, as Chairman Ryan Shen outlined the company's vision for the next two decades. The Taichung Longjing E-dReg 100 MW energy storage project remains on schedule for completion in March 2025, with the company launching a second-phase 75 MW expansion on December 5 that will be completed in 2026.