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Taiwan's Seetel, a lithium battery and energy storage manufacturer, said Tuesday it formed a strategic alliance with Canadian energy storage solutions provider Energy Plug to expand into global markets.
US President Donald Trump's plans to place hefty import tariffs on copper have already caused a spike in costs for American factories, with New York futures trading 25% higher than other global benchmarks on July 8.

Groq, the US-based AI chipmaker, has launched its first European data center in Helsinki, accelerating its global expansion and tapping into the rising demand for sovereign AI infrastructure. Developed in partnership with Equinix, the facility will host Groq's proprietary Language Processing Units (LPUs), engineered for fast deployment and cost-efficient AI inference at scale.

Taiwan's semiconductor companies are caught between soaring electricity costs and urgent renewable energy demands, creating a supply-demand mismatch that's driving green power prices higher and benefiting utility investors.
China launched a "de-involution" campaign targeting solar, energy storage, and electric vehicle sectors since mid-March following the Two Sessions, focusing on industries hit by US trade restrictions under the Inflation Reduction Act.

China's solar industry hit overdrive in May, with new installations surging to record highs as developers rushed to beat looming policy changes. According to the National Energy Administration, solar capacity additions reached a staggering 93GW, quadrupling the total from May 2024 and surpassing the previous record of 71GW set last December.

Formosa Smart Energy has unveiled Taiwan's first lithium iron phosphate (LFP) battery recycling pilot line, launched in tandem with the government's July 1 rollout of discounted disposal fees for used lithium batteries. The initiative aims to boost local investment in battery reuse and closed-loop recycling infrastructure.
Formosa Smart Energy Tech (FSET) has signed a strategic memorandum of understanding (MOU) with Poland's SKB Group, outlining a comprehensive five-pronged partnership that spans electric buses, integrated energy storage systems, smart energy platforms, commercial and industrial storage, and strategic investments in clean-tech alliances.
Hitachi is positioning itself as a key player in the semiconductor industry's sustainability drive, offering AI-powered solutions and renewable energy infrastructure as chipmakers face mounting pressure to reduce their environmental footprint.
United Renewable Energy signed a cooperation agreement with AbonMax Green Energy to develop solar projects across Taiwan, Thailand, and Vietnam, combining manufacturing and development expertise in an initial 80-megawatt collaboration.

Despite a modest end-of-quarter boost in June, Chicony Power's high-end shipments remained subdued amid unresolved US tariff issues and currency headwinds.