Chinese PV Industry Brief: Longi issues net loss warning for 2024
Longi has issued a profit warning for 2024, forecasting a net loss of up to $1.11 billion – a sharp decline from last year’s profit of $1.42 billion.
Fire at California’s Moss Landing battery plant triggers evacuation
The cause of the fire has not yet been determined, but an investigation will begin once the fire is extinguished.
Analysts warn of looming risks to US battery storage under Trump
Clean Energy Associates says it has identified five looming risks to the US battery energy storage industry, as analysts predict significant policy shifts under US President Donald Trump’s upcoming administration.
China begins building first GW-scale residential VPP
China is building its first gigawatt-scale residential virtual power plant (VPP) in Jiangsu province. The project will connect millions of high-power household appliances to a cloud-based energy pool to improve grid stability and boost renewable energy use.
A copper-bottomed answer to solar’s silver dependence
The solar industry has dragged its heels on the issue of silver-dependence for cell metallization, but China’s Jiangsu Xianghuan Technology (JXTC) is moving into commercial production with a copper plating process that overcomes many of the challenges that have limited interest from cell manufacturers.
Lightsource bp drops 300 MW solar project due to public opposition
Lightsource bp has abandoned plans for a 300 MW solar project in the US state of Ohio due to opposition from local residents.
Bolivia’s YLB signs lithium deals with Russian, Chinese companies
The agreements provide for the installation of carbonate industrial plants in the department of Potosí, which will receive royalties and investments of around $2 billion.
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
New US solar cell manufacturer lands multi-year, multi-GW contract
ES Foundry, a U.S.-owned cell manufacturer based in South Carolina, secured its first contract with top-tier solar module maker.
US bans five Chinese PV firms under Uyghur Forced Labor Prevention Act
Under the Uyghur Forced Labor Prevention Act (UFLPA), the US authorities have banned five Chinese companies from providing products and services in the United States.
