INDUSTRY NEWS

August 18, 2024 According to news from Morro Batteries in Norway, on August 16th, the first gigawatt level lithium iron phosphate (LFP) battery factory in Europe was completed and put into operation in the southern Norwegian city of Arendal. Norwegian Prime Minister St ø ller attended the factory’s completion and commissioning ceremony. He stated that Norway is moving towards a zero emission society, and lithium iron phosphate batteries are an important part of Norway’s green Read more…

July 30, 2024 Although floating offshore wind power technology currently faces various challenges such as cost and operation, IRENA predicts that by 2035, this technology is expected to achieve scale and become a cost competitive renewable energy technology. The International Renewable Energy Agency (IRENA) recently released the “Floating Offshore Wind Outlook” report (hereinafter referred to as the “Report”), which pointed out that as of the end of 2023, the global installed capacity of floating offshore Read more…

July 30, 2024 According to a report by Yonhap News Agency on July 24th, the Korea Electric Power Research Institute released the “2030 Global Clean Hydrogen Supply Outlook”, stating that as governments around the world increase policy and financial support for clean hydrogen technology projects, the global clean hydrogen supply will reach 16.4 million tons by 2030, of which 59% will be green hydrogen produced by water electrolysis and 41% will be blue hydrogen produced Read more…

July 29, 2024 Recently, the Brazilian website Time reported that BRAVO MOTOR Company announced an investment of 1.27 billion Brazilian reals (approximately 1.63 billion yuan) to build its first lithium battery factory in Latin America in the state of Bahia. In 2021, Bravo Motors signed a cooperation intention agreement with the state government of Minas Gerais to build an electric vehicle factory project in the Colossus Cluster industrial park. At that time, the total investment Read more…

July 23, 2024 On July 18th, the Energy Research Institute of Peking University and the International Energy Agency jointly held a press conference for the “2024 World Energy Investment” report. This report comprehensively introduces the global energy investment situation in 2023, provides a preliminary interpretation of the new situation in 2024, and provides a global benchmark for tracking capital flows in the energy sector. The report predicts that the total global energy investment will exceed Read more…

July 10, 2024 Recently, Dongfang Electric Group collaborated with the team of Academician Xie Heping from Shenzhen University/Sichuan University to achieve the integration of offshore wind power and direct electrolysis of seawater for hydrogen production for the first time, using offshore wind power to drive seawater for hydrogen production in the ocean. Water conservation and consumption of offshore wind power go hand in hand Liu Taisheng, Executive Director and General Manager of Dongfang Electric (Fujian) Read more…

June 24, 2024 According to the annual report “Global Photovoltaic Market Outlook 2024-2028” recently released by SolarPower Europe, the installed capacity of photovoltaic systems worldwide in 2023 has almost doubled compared to the previous year, and it is expected that the total installed capacity of photovoltaic systems worldwide will reach 2TW by 2024. According to the analysis of this report, the global installed capacity of photovoltaic systems in 2023 is 447GW, while the installed capacity Read more…

June 15, 2024 Recently, at the 2024 Shanghai SNEC exhibition, LONGi Green Energy announced a significant breakthrough in its development of crystalline silicon perovskite stacked solar cells. According to the authoritative certification from the European Solar Energy Testing Institute (ESTI), the photovoltaic conversion efficiency of this cell is as high as 34.6%, once again breaking the world record for efficiency of crystalline silicon perovskite stacked cells previously set by the Longi team. With a pragmatic Read more…

August 29, 2024 According to the latest report from the International Energy Agency (IEA), global spending on clean energy technologies and infrastructure is expected to exceed $2 trillion by 2024, despite rising financing costs limiting the development of new projects, particularly in emerging and developing countries. The report points out that overall energy investment is expected to exceed $3 trillion for the first time, of which about $2 trillion will be used for clean technologies, Read more…