World Bank Group

East Asia and Pacific: Technology, Reforms, and Cooperation Pathways to Future Prosperity

Washington DC, April 24, 2025— In 2024, East Asia and Pacific (EAP) outpaced most regions in economic growth. To sustain this momentum and generate jobs, EAP countries must navigate global uncertainty and tackle long-term challenges tied to shifting global integration, climate change, and demographic trends. In its 2025 Regional Economic Update, the World Bank projects that growth in EAP will slow down to 4.0 percent in 2025, compared … Continue reading East Asia and Pacific: Technology, Reforms, and Cooperation Pathways to Future Prosperity

Hitachi Energy and SP Energy Networks join forces to deliver sustainable critical infrastructure for clean energy future

Hitachi Energy and SP Energy Networks join forces to deliver sustainable critical infrastructure for clean energy future

Hitachi Energy and distribution and transmission network operator SP Energy Networks (SPEN) agree on long-term partnership for Hitachi Energy to provide critical equipment that is free from the world’s strongest greenhouse gas. Press Release – United Kingdom – 23rd April, 2025. Hitachi Energy and SP Energy Networks (SPEN) have signed a Memorandum of Understanding (MoU) which formalises both companies’ commitment to Scotland’s energy transition by deploying … Continue reading Hitachi Energy and SP Energy Networks join forces to deliver sustainable critical infrastructure for clean energy future

Stellantis and Factorial Energy Reach Key Milestone in Solid-State Battery Development

Stellantis and Factorial Energy Reach Key Milestone in Solid-State Battery Development

Press Release – Amsterdam and Boston, MA – Stellantis N.V. and Factorial Energy (Factorial) today announced the successful validation of Factorial’s automotive-sized FEST® (Factorial Electrolyte System Technology) solid-state battery cells. This achievement marks a significant step forward on the path to bringing next-generation electric vehicle (EV) batteries to market. “Reaching this level of performance reflects the strengths of our collaboration with Factorial,” said Ned Curic, … Continue reading Stellantis and Factorial Energy Reach Key Milestone in Solid-State Battery Development