New Energy Sector Updates
New Year Progress: In the first two months of the year, the newly installed capacity of photovoltaic power stations reached 40 GW, continuing a trend of high growth that followed record installations last year. This has become a key focus within the industry.
Commitments Under Bankruptcy Restructuring: Jianfa Co., Ltd. is expected to procure 1.8 billion yuan worth of goods from *ST Zhongli. As analyzed previously, Jianfa’s acquisition may bolster *ST Zhongli’s photovoltaic module sales and supply chain financing.
Reasons for Underperformance: Hainan Hai Tian Co. has responded to inquiries regarding the underperformance of its silver paste business, attributing it to deep ties with Longi Green Energy and Aiko Solar. This has led to significant challenges compared to other major domestic firms.
Shift to Semiconductors: Oujing Technology, facing substantial losses, plans to pivot towards the semiconductor industry. The company has announced its intention to reallocate funds from its Ningxia quartz crucible project.
International Collaborations: On February 20, Tauk New Energy signed a procurement contract for 300 MWh of batteries with CATL, aimed at supporting energy storage projects in Japan.
Hydrogen Energy Innovations: Hydrogen Energy is rapidly emerging as a core force in reshaping energy systems, driven by the global energy landscape’s adjustments and the “dual carbon” goals.
Green Hydrogen Initiatives: On February 13, Hydrogen Energy Group inaugurated its electrolyzer headquarters in Jinhu, Jiangsu, enhancing its green hydrogen industrial framework.
Advancements in Battery Technology: On December 12, Xineng An launched the JP30 cylindrical lithium battery, promoting a lightweight design with enhanced performance capabilities.
Non-Installation Home Microgrid System: On December 12, Haichen Energy introduced its first self-assembling home microgrid system, addressing common market challenges such as high costs and installation delays.
Geothermal Resource Exploration: On April 3, Jiangsu’s geothermal drilling project commenced in Xinghua, aiming to validate the province’s dry hot rock resources.
Biomass Energy Forum: Recently, the fifth Global Biomass Energy Innovation Development Summit concluded successfully, focusing on new utilizations and values of biomass in the context of global carbon neutrality.
Wind Power Growth: In 2024, the Asian Offshore Wind Energy Conference highlighted significant growth in offshore wind energy installations, with major players like Goldwind and Yunda making notable advancements.
