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Top related persons:
Francesco Guarascio - 1 Phuong Nguyen - 1 Edwina Gibbs - 1
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Vietnam HANOI Vietnam Xiamen Europe U.S Growatt
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Energy - 1 Xiamen Hithium Energy Storage Technology - 1 Research - 1 Panasonic - 1 Philips - 1 Thomson - 1

Search resuls for: "Growatt"


2 mentions found


☆ Exclusive: Chinese energy storage, battery firms consider big investments in Vietnam
  + stars: | 2023-06-08 | by ( Francesco Guarascio Phuong Nguyen | Francesco Guarascio | Phuong Nguyen | ) www.reuters.com   time to read: +3 min
If the investment is finalised at that figure, the company would become one of the largest foreign investors in Vietnam. Growatt, which produces battery systems and energy storage inverters for residential and commercial use, did not reply to requests for comment. It has yet to pass legislation, however, that would permit the use of energy storage facilities to strengthen its power network. Hithium, which currently does not have a presence in Vietnam, specialises in manufacturing stationary energy storage products, including cells and larger containers that help manage the intermittent supply of energy from solar or wind farms. The global stationary energy storage market is estimated to jump in value to roughly $224 billion by the end of the decade from just over $31 billion in 2021, according to Precedence Research.
Persons: Francesco Guarascio, Phuong Nguyen, Edwina Gibbs Organizations: Energy, Xiamen Hithium Energy Storage Technology, Research, Panasonic, Philips, Thomson Locations: Vietnam HANOI, Vietnam, Xiamen, Europe, U.S, Growatt
☆ Analysis: Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
  + stars: | 2023-03-16 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com   time to read: +6 min
Adding impetus to the move is the increasing cost of labour in China, expanding U.S. restrictions on high-tech-related trade with China, and tit-for-tat tariffs from a Sino-U.S. trade war that triggered a past wave of Chinese investment in Vietnam. "Enquiries from Chinese firms about manufacturing investment in Vietnam grew exponentially in the last quarter of last year," said Michael Chan, senior director of leasing at industrial real estate specialist BW Industrial Development. "Chinese investment has also increased remarkably," he said. Chinese firms also experience longer times to obtain staff visas and work permits, said Filippo Bortoletti, who heads the Vietnamese unit of investment consultancy Dezan Shira. "Chinese companies move here mostly to serve their clients who moved earlier," said BW Industrial Development's Chan.
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