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Only third of global firms ‘embrace advanced energy management’— Schneider

Mon, 01/29/2018 - 10:51 -- News Editor
Only third of global firms ‘embrace advanced energy management’— Schneider

A new study released by Schneider Electric has indicated that while most organisations feel prepared for a decentralised, decarbonised and digitised future, few are taking the necessary steps to integrate and advance their energy and sustainability programmes.

This false sense of security can be attributed to the finding that most companies still take fairly conventional approaches to energy management and climate action. And the gaps in innovation are further complicated by limited coordination between procurement, operations and sustainability departments, as well as inefficient data collection and sharing.

 

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Foxconn ‘plans major Li battery investments’ in China

Fri, 07/07/2017 - 11:27 -- News Editor
Foxconn ‘plans major Li battery investments’ in China

Taiwan-based electronics manufacturer Foxconn is reportedly planning to invest a total of CNY25 billion ($3.7 billion) in several projects as part of the development of a new energy battery R&D centre and production base in Kunshan, in China’s Jiangsu Province.

China’s state Xinhua News Agency said CNY8 billion ($1.2 billion) will be invested in the first phase, as agreed in a strategic cooperation agreement the company signed with the Kunshan government.

 

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BAIC ‘in batteries purchase deal’

Wed, 07/05/2017 - 12:47 -- News Editor
BAIC ‘in batteries purchase deal’

China’s automaker BAIC BJEV is set to purchase 80,000 automotive batteries, worth a total of CNY3.7 billion ($541.6 million), from renewable battery system supplier Pride by the end of this year, according to Chinese media.

Sohu reported that Pride, a wholly-owned subsidiary of Guangdong Dongfang Precision Science & Technology, a China-based printing machine maker, has signed a strategic procurement contract for 2017 with the leading new energy vehicle manufacturer.

 

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China firm to build Gigafactory in $1.3 billion energy base agreement

Tue, 11/22/2016 - 11:00 -- Xuan Zhong

A Chinese firm intends to invest ¥3 billion ($438million) in lithium-ion battery production in the country’s Xiangyang Yicheng city as it bids to build up its new energy industry base.

Battery manufacture Dynavolt Renewable Energy Technology has signed a contract with the city’s government to construct a plant with an annual lithium-ion battery output of 5GWh as well as research projects.

Picture: from left: Yuewu Chen, Chairman of Dynavolt Tech. Jun Qin, Mayor of Xiangyang.

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