News
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Global renewable energy will usher in a period of rapid growth in the next five years
Recently, the “Renewable Energy 2023″ annual market report released by the International Energy Agency shows that the global new installed capacity of renewable energy in 2023 will increase by 50% compared with 2022, and the installed capacity will grow faster than at any time in the ...Read more -
US$10 billion green hydrogen project! TAQA plans to reach investment intention with Morocco
Recently, Abu Dhabi National Energy Company TAQA plans to invest 100 billion dirhams, approximately US$10 billion, in a 6GW green hydrogen project in Morocco. Prior to this, the region had attracted projects worth more than Dh220 billion. These include: 1. In November 2023, Moroccan investment ho...Read more -
Ford restarts plans to build Gigafactory with Chinese companies
According to the US CNBC report, Ford Motor announced this week that it will restart its plan to build an electric vehicle battery factory in Michigan in cooperation with CATL. Ford said in February this year that it would produce lithium iron phosphate batteries at the plant, but announced in Se...Read more -
LG Electronics will launch electric vehicle charging piles in the United States in the second half of next year, including fast charging piles
According to media reports, with the increase in electric vehicles, the demand for charging has also increased significantly, and electric vehicle charging has become a business with development potential. Although electric vehicle manufacturers are vigorously building their own charging networks...Read more -
China Power Construction signs Southeast Asia’s largest wind power project
As a leading company serving the “Belt and Road” construction and the largest power contractor in Laos, Power China recently signed a business contract with a local Thai company for a 1,000-megawatt wind power project in Sekong Province, Laos, after continuing to build the country’s first wind po...Read more -
LG New Energy to produce large-capacity batteries for Tesla at Arizona factory
According to foreign media reports, during the third quarter financial analyst conference call on Wednesday, LG New Energy announced adjustments to its investment plan and will focus on the production of the 46 series, which is a 46 mm diameter battery, at its Arizona factory. Foreign media discl...Read more -
International Energy Agency: The world needs to add or upgrade 80 million kilometers of power grids
The International Energy Agency recently issued a special report stating that to achieve all countries’ climate goals and ensure energy security, the world will need to add or replace 80 million kilometers of power grids by 2040 (equivalent to the total number of all current power grids in the wo...Read more -
European Council adopts new renewable energy directive
On the morning of October 13, 2023, the European Council in Brussels announced that it had adopted a series of measures under the Renewable Energy Directive (part of the legislation in June this year) that requires all EU member states to provide energy for the EU by the end of this decade. Contr...Read more -
U.S. Department of Energy spends $325 million to support 15 energy storage projects
U.S. Department of Energy spends $325 million to support 15 energy storage projects According to the Associated Press, the U.S. Department of Energy announced a $325 million investment in developing new batteries to convert solar and wind energy into 24-hour stable power. The funds will be distri...Read more -
Siemens Energy adds 200 MW to Normandy renewable hydrogen project
Siemens Energy plans to supply 12 electrolysers with a total capacity of 200 megawatts (MW) to Air Liquide, which will use them to produce renewable hydrogen at its Normand’Hy project in Normandy, France. The project is expected to produce 28,000 tons of green hydrogen annually. Star...Read more -
Demand for power batteries in Europe is strong. CATL helps Europe realize its “power battery ambitions”
Driven by the wave of carbon neutrality and vehicle electrification, Europe, a traditional powerhouse in the automotive industry, has become the preferred destination for Chinese power battery companies to go overseas due to the rapid growth of new energy vehicles and strong demand for power batt...Read more -
Renewable energy generation to meet 60% of Nigeria’s energy needs by 2050
What potential does Nigeria’s PV market have? The study shows that Nigeria currently operates only 4GW of installed capacity from fossil fuel power generation facilities and hydropower facilities. It is estimated that to fully power its 200 million people, the country needs to install about...Read more
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