Nasdaq Hits Record High as Tech Stocks Lift Wall Street 
GSR Commits $100M to Hare Onchain Credit Vaults 
US Stock Futures Flat as Fed Minutes, Earnings Loom 
Zcash Prepares for NU7 Upgrade as Zebra Gets Key Security Fixes 
Crypto Market Selloff Wipes Out $100B as Bitcoin Falls Below $83K 
Litecoin Marks 15 Years as Grayscale Backs LTC ETF Push 
Asian Currencies Steady as Dollar Holds Near 18-Month High 
Oil Prices Fall as Middle East Exports Recover, G7 Eases Supply Fears 
Asian Stocks Rise as Nasdaq Record Offsets Bond Yield Pressure 
Robinhood Buys $25 Million in Bitcoin for Corporate Treasury 
Europol Warns Bitcoin Wallets Face Quantum Computing Risk 
Trump Plans Diesel Tax Relief as Fuel Prices Hit Record Highs 
World Bank Raises South Asia Growth Forecast to 6.9% 
Intel Reaffirms Role in Elon Musk’s Terafab Chip Project 
German Industrial Orders Plunge 10.6% in August 
Anthropic Expands Claude Access for Cyber Defense Teams 
Marvell Stock Surges on $90 Billion AI Revenue Outlook 
Add as a preferred source on Google
Hanhwa Q Cells and Microsoft have signed a partnership deal for the supply of solar panels and the provision of related services. The companies revealed that this is for the upcoming projects of the American tech firm.
According to Yonhap News Agency, Hanwha Q Cells will deliver more than 2.5 gigawatts of solar panel modules to Microsoft. This amount of electric power is enough for 400,000 households.
It was mentioned that this is the first time that Microsoft is collaborating directly with a solar panel supplier as it aims to take on clean energy on a big scale. It has made the pledge to buy renewable energy to attain 100% renewable energy usage by the year 2025.
Hanwha Solutions is the parent company of Hanhwa Q Cells, and it is planning to invest about KRW3.2 trillion, or around $2.6 billion, to set up its solar hub in Cartersville, Georgia. The facility will manufacture four important parts for renewable energy, which include modules and solar ingots, a raw material required for making solar wafers that are typically used as a base for solar panels. Additionally, it is also expected to produce 3.3 GW per year, and commercial production is set to start by the end of 2024.
“Building a resilient solar energy supply chain is essential to advancing a global green energy economy,” Microsoft’s vice chairman and president, Brad Smith, said in a press release. “Microsoft’s partnership with Qcells will help make this vision a reality by bringing innovation and investment to rural Georgia.”
Hanhwa Q Cells, chief executive officer, Justin Lee, also stated, “We are striving to build and deliver turnkey clean energy solutions, including those made in America, and this partnership with Microsoft will help accomplish this vision.”
Lee added that this deal with Microsoft is only the start of a great team-up that “not only supports our two companies but helps deliver a clean energy future for customers and communities.”
Photo by: Raphael Cruz/Unsplash
