South Korea's POSCO Energy has made a further strategic step into expanding its role in the Asian fuel cell power plant market with a new licensing agreement.
A subsidiary of Korea Electric Power Corporation (KEPCO) is in talks to buy a stake in a leading-edge carbon-capture and storage (CCS) project in the United Kingdom that may cost 5 billion pounds (USD8 billion) to develop.
New research says that Asia's energy storage systems (ESS) market will be worth over USD12 billion by 2022. Pike Research says that while there might be differing drivers, many Asian countries are waking up to the value of ESS, although some are faster than others.
US-based FuelCell Energy, which designer and manufacturers fuel cell power plants, has reached agreements that finalize the ownership of 58.8-MW fuel cell park in South Korea and to expand demand for stationary fuel cell power plants.
A123 Systems, the bankrupt US electric car battery maker that was on the verge of being taken over by China-based Wanxiang Group for USD465m in August, has now confirmed it has entered into an “asset purchase agreement” with Johnson Controls in a transaction valued at USD125 million.
The Shanghai Municipal Government plans to give away 20,000 vehicle registrations to buyers of electric vehicles by the end of the year in an effort to boost the so far disappointing sales of environmentally friendly automobiles, according to local media reports. Shanghai is one of China’s pilot cities for the development and deployment of electric vehicles.
First Solar has continued its highly successful foray into the Indian solar power market with 50-MW of new solar panel orders from Kiran Energy and its associate, Mahindra Solar One.
NASDAQ-listed firm Altairnano has announced an agreement with China’s Shenhua Science & Technology (Shenhua) and its research affiliate, the National Institute of Clean and Low-carbon Energy (NICE), to jointly develop, deploy and promote industrial applications of lithium titanate-based energy storage systems in China.
China reacted swiftly and predictably to the EU’s announcement on Thursday that it would open an investigation into China’s dumping of solar panels into Europe.
The move comes despite a pledge by Angela Merkel last week that she would encourage EU solar panel producers to refrain from using protectionist measures against Chinese imports, which now may leave the German Chancellor red-faced.
The slump in renewable energy shares appears to be ending with bidders from China and South Korea are displaying strong interest German solar manufacturer Q-Cells and A123 Systems, a US lithium-ion battery systems maker.
Bloomberg reported that China’s Wanxiang Group confirmed it would invest as much as USD465 million in A123 last Thursday, two hours after Q-Cells confirmed it was in talks to sell assets to Seoul-based Hanwha Chemical Corp, the parent company of Hanwha SolarOne.
South Korean scientists are claiming they've developed a new material that speeds recharging batteries and could be a boon for the electric vehicle industry.
A new report out of the US says that China will suffer a severe shortfall in trying to achieve five million plug-in vehicles onto Chinese roads by 2020.
The global electric vehicle market and rechargeable battery sector could be in for supply shock, according to a US mining company and has benefited a Mongolian company.
Research company Frost & Sullivan is bucking the current, downbeat perspective on the cleantech industry by emphasizing its the long-term outlook in a new report. In particular it identified smart water, energy efficiency and energy storage as markets set for growth. And while renewable energy prospects are not as bright as they once were, the research firm still sees opportunity.
India has been hit by one of the worst power cuts in the country's history, with over 300 million people being affected including those in the capital, Delhi.
The world's biggest redox flow battery storage system has come online at Sumitomo Electric Industries’ Yokohama Works factory, announced the company.Also boasting as being Japan's largest concentrated photovoltaic (CPV) unit, it has a total power generation of 200kW and was developed along with Nissin Electric, Sumitomo Densetsu and the Meidensha Corporation.
The China CleanTech Index has reported an 8.1 per cent loss in June, a worse performance than all its benchmarks and it was down 10.8 per cent for the year. Only days after Bloomberg New Energy Finance reported that China was driving global growth in the clean energy sector with a 92 per cent surge in investment in the second quarter of 2012 over the first quarter, the Index showed that investor confidence is still shaky.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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