Vingroup shifts from a 4.8 GW LNG plant to wind, solar, and storage in Haiphong, citing Middle East risks; seeks clearance to replace LNG with renewables, aligns with PDP VIII; Green SM IPO planned for 2028; VinFast targets profitability in 2027. Abstract: Vietnam’s Vingroup abandons a planned 4.8 GW LNG project in Haiphong to pursue wind, solar, and battery storage, citing Middle East risk and PDP VIII alignment; a Green SM IPO is planned for 2028, while VinFast targets profitability in 2027 and 300,000 vehicle deliveries in 2026.

Polysilicon futures in China surged due to policy signals aimed at regulating the solar sector, yet analysts warned that the rally is based on expectations rather than actual market improvements. Elevated inventory levels and supply-demand imbalances remain concerns.

China's clean energy exports surged in March, with solar cell exports up 80% and EVs rising 53%, fueled by global demand amidst oil supply issues. However, domestic overcapacity and international tariffs pose challenges to the industry's growth.

Southeast Asia's energy transition companies raised $1.8 billion across 258 firms, predominantly for solar and electric vehicles, with minimal funding for energy storage and efficiency. Singapore led funding, highlighting investor preference for established segments over critical infrastructure needs.

Gate News: According to the latest Gate TradFi data, FSLR (First Solar Inc) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Starcloud announces that later this year it will mine Bitcoin through space mining, becoming the first company to mine outside of Earth. CEO Philip Johnston mentioned that operating ASIC miners in space costs less than GPUs, and this industry is expected to grow rapidly. Starcloud's data center consists of 88,000 solar-powered satellites.

Odaily Planet Daily reports that in a report released on Tuesday, Bank of America predicts that over the next 12 months, gold prices will rise to $6,000 per ounce. The institution added, "Although the current rise in silver prices may accelerate the demand contraction for solar panel manufacturers, silver prices could still rise again this year to over $100 per ounce."(Jin10)

BlockBeats News, January 29 — According to Fortune magazine, cryptocurrency venture capital firm Escape Velocity raised $62 million, betting on "DePIN" crypto networks, covering fields such as telescopes and solar energy.

Solana Chinese community organization Solar's official X account has been hacked, and the team is handling the situation urgently. Users should be cautious of any content requesting information or funds in the name of Solar, and avoid clicking on suspicious links or revealing personal information. Official announcements will be made through Telegram and other channels.

Independent researcher Daniel Batten recently published a comprehensive study indicating that Bitcoin mining is not the "grid burden" widely believed by the public. Instead, it can enhance grid stability in various scenarios and reduce overall electricity costs through demand response mechanisms. Titled "Common Misconceptions About Bitcoin Energy," this study systematically refutes long-standing criticisms that Bitcoin mining is energy-intensive, drives up electricity prices, and harms the environment. The research shows that Bitcoin mining is highly interruptible, capable of quickly reducing load during peak demand periods and absorbing excess energy during periods of surplus, making it especially suitable for volatile renewable energy systems such as wind and solar. Batten cites data from Duke University Energy Research and the Texas Reliability Entity (ERCOT), pointing out that Bitcoin mining, as a controllable load, helps balance frequency, alleviate grid pressure, and delay expensive infrastructure upgrades.