Huawei Digital Power’s Site Power Facility Domain showcased smart universal power solutions for telecommunications at the 8th Global ICT Energy Efficiency Summit in Bangkok, Thailand, on May 9. The company aims to build superior power systems that meet operators’ needs for ‘one-time deployment with ten-year evolution.’
The Biden administration is preparing to impose significant new tariffs on a wide range of products imported from China, including electric vehicles, semiconductors, solar equipment, and medical supplies. This move comes amidst growing concerns within the administration about China’s manufacturing overcapacity and the potential threat it poses to U.S. jobs and national security. The tariffs, which are expected to be announced on Tuesday, will quadruple the current 25% tariff on electric vehicles to 100%. They will also cover a range of other products, including Chinese syringes and solar equipment. The administration is also reviewing the Trump-era tariffs on $360 billion worth of Chinese goods, and there is the risk that the new tariffs could lead to a broader trade conflict between the two countries.
**Lithium Universe (ASX:LU7, OTC:ESMAF) is making strides towards producing greener battery-grade lithium carbonate at its proposed Becancour Lithium Refinery in Québec, Canada.**
To power the refinery, the company has applied for up to 18 MW of green electricity from Hydro-Québec, a leader in renewable energy generation in North America. This follows an engineering study that finalized the power requirements for the first train of the proposed refinery.
The refinery will be located within the Bécancour Waterfront Industrial Park (BWIP), providing access to the port for spodumene imports and a stable hydro-electrical power source.
This move aligns with Lithium Universe’s strategy to close the North American lithium conversion processing gap and fast-track the development of its lithium refinery.
As artificial intelligence (AI) experiences rapid growth, its energy demands escalate. Investors recognize the need for sustainable solutions and are investing heavily in green energy startups like Exowatt, focusing on renewable energy solutions for data centers. OpenAI CEO Sam Altman leads these investments, recognizing the challenges AI will face in the coming years. Exowatt aims to provide AI companies with affordable renewable energy systems, targeting a cost of one cent per kilowatt-hour. However, challenges remain in implementing thermal energy storage technology on a large scale. Despite these challenges, investments in green energy initiatives signify a proactive approach to ensuring sustainable AI development.
PayPal’s Blockchain Research Group, along with Energy Web and DMG Blockchain Solutions, proposes incentivizing Bitcoin miners to use clean energy. The system identifies “green miners” with unique public keys (“green keys”) and prioritizes transactions with lower fees for them.
An Israeli parliamentary delegation visited Taiwan, the second such delegation within a year, strengthening ties between the two countries. Taiwan and Israel have signed 33 agreements over 30 years, and the visit included the Southern Taiwan Science Park and green energy demonstration site in Tainan. President Tsai Ing-wen emphasized the strong bilateral interactions and shared values of freedom and democracy. The visit faced some backlash from the Taiwanese public, but Taiwan expressed solidarity with Israel following Iran’s missile attack and condemned the war in Gaza. Despite tensions with China, Israel-Taiwan trade continues to grow, and Taiwan seeks to learn from Israel’s defense strategies and advance cooperation in technology, innovation, and defense.
TriMet celebrates Earth Day by expanding its electric bus fleet, introducing five new 24 battery electric buses and aiming for a 100% zero-emissions bus fleet by 2040. These buses offer extended battery range and prioritize service in marginalized communities with lower air quality.
China’s most promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth. The sectors under scrutiny include electric vehicles, wind and solar projects, medical devices, and chips. These industries are of strategic importance to President Xi Jinping’s bid for leadership in the global race toward green transition and high-tech development. The rising tensions come at an inopportune time, as stocks were starting to emerge from a multi-year slump.
