GreenergyDaily
August 18, 2023
1. CO2→Sugar: Chinese scientists achieved precise & controllable artificial synthesis of hexoses from CO2 with higher conversion yield than the conventional method, a key step in synthetic sugar development amid plant biomass loss caused by land scarcity & climate change-related issues.
2. The world shipped 91.6 GWh of energy storage cells in 2023H1 (75.7 GWh for utility-scale and C&I ESS and 15.9 GWh for residential and telecom ESS), with a merely 11% quarter-on-quarter increase in Q2, according to the Global Lithium-Ion Battery Supply Chain Database recently released by InfoLink. Demand sustains rapid growth in China while losing momentum in Europe and the U.S. due to inventory pressure and high-interest rate before potential recoveries in Q3.
3. Pumped storage hydropower (PSH) is one of the most common and well-established types of energy storage technologies. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity.
4. Sinochem and PetroChina reached strategic cooperation on Thursday. The two parties will carry out in-depth cooperation in the oil and gas industry chain, chemical product procurement and service, non-oil field, low-carbon, and other business fields.
5. China-developed world's 1st 300MW advanced compressed air energy storage system expander has rolled off its production line, expecting to aid China's carbon emissions reduction goal. The new system has a triple storage scale compared with 100MW ones and can cut costs by 20-30%.
6. China's HyperStrong and CATL signed a strategic agreement on Thursday, to promote cooperation on energy storage, solar storage, and charging intelligent manufacturing. It is planned that the total purchase of battery products will not be less than 50GWh in the next three years.
7. The Sirdarya 1,500MW CCGT Power Project in Uzbekistan has reached a major milestone in construction. It is the largest gas-fired combined cycle power station in Central Asia and thanks to China Energy Engineering Crop., will not only offer energy supplies to millions but will also boost the local economy by creating 700+ jobs upon completion.
8. On August 18, data from the General Administration of Customs of China showed that China exported 11,227 tons of rare earth and their products in July, up 11.1% YoY; the export of rare earth and their products from Jan. to Jul. was 69,450 tons, up 1.6% YoY.
9. China's NEV maker BYD unveiled a premium brand on Wednesday to make a foray into new vehicle segments such as off-roaders and sports cars.
10. Trina Solar has delivered a volume of 140MW of solar modules to Voltalia for the Karavasta solar project in Albania. The project will be one of the largest of its kind in the Western Balkans and was initiated following a call for tenders by the Albanian government in 2022, which was won by Voltalia.
11. China Evergrande, which became the poster child for China's property crisis, on Thursday filed for Chapter 15 protection in a U.S. bankruptcy court. The beleaguered firm borrowed heavily and defaulted on its debt in 2021, sparking a massive property crisis in China's economy, which continues to feel the effects.
