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Industry

Tesla buys up others\' electricity. Why when it makes solar too?

Tesla has agreed to buy 90 percent of the power from a large solar and energy storage project in Arizona under a long-term deal. It also signed a separate power purchase agreement the same day to take all output from a 140 MW solar plant under development in northeast Texas. The deals total more than 640 MW of solar capacity and 360 MW of battery resources, reflecting rising power demand tied to factories and AI computing infrastructure.

Industry

Hanwha Solutions Q2 operating profit 306.5 billion won, up 200 percent on year

Hanwha Solutions posted a second consecutive quarter of profit across all divisions, reporting consolidated second-quarter sales of 4.58 trillion won and operating profit of 306.5 billion won. Sales rose 47.01 percent and operating profit climbed 200.33 percent from a year earlier, with an operating margin of 6.7 percent. Renewable energy, chemicals and advanced materials all remained profitable for a second straight quarter.

Industry

U.S. bars imports of foreign robots, power inverters targeting China, including humanoids and robot vacuums

The U.S. government will restrict new imports of foreign-made advanced robots with network connectivity and foreign power inverters, citing national security. The Federal Communications Commission said the move expands controls beyond telecom equipment to robotics and energy devices. The measure covers humanoids and other mobile devices meeting set criteria, and could make it harder for some new robot vacuums to enter the U.S. without waivers. Existing products are not affected.