Overcapacity and fierce competition are the reasons for the reported layoff. Image: LONGi. Major Chinese solar manufacturer LONGi is reportedly cutting …
Stem Inc has revealed its financial results for 2020 ahead of listing on the New York Stock Exchange, admitting that despite expecting a fourfold increase in revenues this year, the company is unlikely to achieve profitability until at least the end of next year. The "intelligent energy storage" pioneer is preparing merge with Star Peak Energy …
Electrical Distribution giant reduces team from its 2019 $27.6M acquisition. Layoffs have reportedly occurred at electrical distribution heavyweight WESCO within its WESCO Energy Solutions group. This unit specializes in providing comprehensive turnkey services ranging from audit to installation, targeting large end-user lighting retrofit projects.
Energy storage is an economic way of enhancing the reliability of our grid without costly investments in new transmission lines. For example, during extreme weather events, a …
Layoffs at Longi Green Energy Technology Co., the world''s biggest solar manufacturer, will likely accelerate a global rebalancing of production capacity away from …
"The expected job reduction rate is about 5% of total employees, and the information circulating online about our company''s ''30% layoff'' plan is false." The …
In July 2021 China announced plans to install over 30 GW of energy storage by 2025 (excluding pumped-storage hydropower), a more than three-fold increase on its installed capacity as of 2022. The United States'' Inflation Reduction Act, passed in August 2022, includes an investment tax credit for sta nd-alone storage, which is expected to boost the …
Why Energy Vault went from disrupting batteries to selling them. The buzzy startup raised a record $ 110M back in 2019 to transform grid storage with novel …
The U.S. Energy Storage Monitor is offered quarterly in two versions– the executive summary and the full report. The executive summary is free and provides a bird''s eye view of the U.S. energy storage market and the trends shaping it. In contrast, the full report features state-by-state breakdowns and analysis on storage deployments, growth ...
The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change. The report …
Subscribe to Newsletter News April 16, 2024 Premium News April 16, 2024 News April 16, 2024 News April 16, 2024 Premium Features, Analysis, Interviews April 16, 2024 News April 15, 2024 News April 15, 2024 News April 15, 2024 News April 15, 2024 News April 12, 2024 Email Newsletter Most Popular Upcoming Events April 16 […]
Microvast is a publicly-traded company that designs, manufactures, and services lithium-ion batteries for electric vehicles and energy storage systems. Founded in 2006 and headquartered in Texas, Microvast has expanded to operate manufacturing facilities in the U.S., China, Germany, and Mexico. Microvast has received a number of awards for its ...
China''s Longi Green Energy Technology Co., the world''s largest solar manufacturer, is cutting almost one-third of its staff to slash costs in an industry struggling with overcapacity and ...
Learning from the experiences of solar panels, lithium-ion batteries, and new energy vehicles, the energy storage industry aims to avoid the pitfalls of repeating …
Renewable energy sources (RESs) such as wind and solar are frequently hit by fluctuations due to, for example, insufficient wind or sunshine. Energy storage technologies (ESTs) mitigate the problem by storing excess energy generated and then making it accessible on demand. While there are various EST studies, the literature …
Our Experts Speak. EIA Administrator Joseph DeCarolis presents A Near-Term View on the Global Oil Market at the Center for Strategic and International Studies. March 14, 2024. EIA Administrator Joseph DeCarolis presents EIA''s Winter Fuels Outlook. October 16, 2023.
Usearch identified 7 signals for Our Next Energy, including: 2 Major Hiring, 2 Layoffs, 1 Partnerships and 2 Startup Funding. Usearch discovered 2 locations for Our Next Energy including locations in Novi · Michigan. Our Next Energy is headquartered in 29050 Cabot Dr. Usearch has identified 1 executive & key decision-maker.
Energy Storage. Energy storage is a technology that holds energy at one time so it can be used at another time. Building more energy storage allows renewable energy sources like wind and solar to power more of our …
Implementing large-scale commercial development of energy storage in China will require significant effort from power grid enterprises to promote grid …
Forecasts indicate immense potential in the utility-scale storage market, estimating annual additions to hit 158 GWh by 2030, a stark contrast to Fluence Energy''s current cumulative deployed and ...
Author: Henning Leweke. German wind turbine maker Enercon GmbH plans to cut its workforce by over 3,000, or almost 17% of its global headcount, dpa reports citing company officials. The news agency said on Friday, initially without providing the source of the information, that the reason for the massive layoffs is the drop in turbine ...
About the journal. Energy Storage Materials is an international multidisciplinary journal for communicating scientific and technological advances in the field of materials and their devices for advanced energy storage and relevant energy conversion (such as in metal-O2 battery). It publishes comprehensive research …. View full aims & scope.
August 2020. This paper provides information on the characteristics of Grid-Scale Battery Energy Storage Systems and how safety is incorporated into their design, manufacture and operation. It is intended for use by policymakers, local communities, planning authorities, first responders and battery storage project developers. Download the paper.
Public information shows that LONGi Green Energy''s module factory located in Shuangwen Dan, Selangor, Malaysia, was just put into operation on October …
One of Charlotte''s largest employers is making job cuts, citing a company reorganization. Duke Energy, which has nearly 28,000 employees, confirmed the layoffs on Monday. Duke Energy declined to say how many workers will lose their jobs or when, but said "we expect limited workforce impacts across our service territories." "Duke Energy is …
See all results
11/08/2017, 8:15 am. An NRG facility. Contract workers are being recruited to help maintain NRG Energy power plants in the Houston area even as the company lays off long-time employees as part of ...
Energy Storage. The Office of Electricity''s (OE) Energy Storage Division accelerates bi-directional electrical energy storage technologies as a key component of the future-ready grid. The Division supports applied materials development to identify safe, low-cost, and earth-abundant elements that enable cost-effective long-duration storage.
The Journal of Energy Storage focusses on all aspects of energy storage, in particular systems integration, electric grid integration, modelling and analysis, novel energy storage technologies, sizing and management strategies, business models for operation of storage systems and energy storage …. View full aims & scope.
Cenovus Energy Inc. says its capital spending this year will total between $2.3 billion and $2.7 billion. Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.''s takeover of ...
New Installed Capacity of Household Energy Storage Reached 7.2GWh in Germany from January to July, Increasing 100% Year-on-Year. Domestic large-scale storage: The figures for August''s energy storage bidding capacity reveal a notable share of 1.5%/2.7% compared to the volume observed in July. For the month of August, the …
Energy storage is the capture of energy produced at one time for use at a later time [1] to reduce imbalances between energy demand and energy production. A device that stores energy is generally called an accumulator or battery. Energy comes in multiple forms including radiation, chemical, gravitational potential, electrical potential ...