GreenergyDaily
Jun. 4, 2024
1. Saudi Aramco's $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that's seeking funds to help pay for a massive economic transformation plan.
2. CHN Energy's Batuta Hydrogen Station, China's first heavy-duty railway hydrogen refueling station located in Ordos, Inner Mongolia, officially started commercial operations recently. It can operate continuously all day in temperatures as low as minus 25 degrees Celsius. The hydrogen fuel it supplies can power locomotives for continuous operation for 8 hours, with an unloaded range of up to 800 kilometers, and it is expected to reduce carbon dioxide emissions by about 800 tons annually.
3. China hopes Spain will push the European Union to support and encourage the new energy industry to deepen cooperation and create a fair and predictable development environment, according to its commerce ministry. In remarks aimed at addressing the EU's probe into China's electric vehicles sector, Minister Wang Wentao emphasized the need to safeguard global joint efforts to combat climate change and the China-EU comprehensive strategic partnership.
4. Researchers in South Korea have successfully demonstrated the use of free ambient air as a fuel leveraging a sodium-based solid electrolyte to tackle the carbonate issue that has been holding back the rollout of metal-air batteries. Their sodium-air battery cell has demonstrated high efficiency, increased energy density, and a broad voltage range.
5. Leading Chinese module manufacturer JinkoSolar has developed a new n-type tunnel oxide passivated contact (TOPCon) perovskite tandem cell, with a power conversion efficiency of 33.24%, a new record for the company. The cell, tested by the Shanghai Institute of Microsystem and Information Technology of the Chinese Academy of Sciences, is a significant improvement over the company's previous record conversion efficiency of 32.33% for this type of cell.
6. Hongqi is expanding in Europe. On June 1, China FAW signed a dealership agreement with Motor Gruppen for its EH7 and EHS7 models. These top-flight electric vehicles will soon be available in Norway, marking a significant step for Hongqi's global presence.
7. China installed almost 350 GW of new renewable capacity in 2023, more than half the global total, and if the world's 2nd-biggest economy maintains this pace it will likely exceed its 2030 target this year, according to a new report released on Tuesday by the International Energy Agency (IEA).
8. The Taipingling nuclear power plant in south China's Guangdong has completed the main structure of its No. 1 unit — the 1st Hualong One unit in Greater Bay Area, which will be able to provide 10 bln kWh of clean electricity for 1 mln people annually once put into service in 2025.
9. Tianqi Lithium is trying to stop the setting up of a joint venture by Sociedad Química y Minera de Chile, in which Tianqi is a major shareholder, that will transfer control of the development of the Atacama Salt Lake area, to which SQM owns the mining rights, to a third party, impacting the Chinese lithium giant's economic interests.
10. Chinese carmaker Great Wall Motor Co Ltd. plans to shutter its European headquarters in Munich in August and lay off about 100 workers. The company, one of the largest independent auto manufacturers in China, is adjusting its European strategy as the electric vehicle market there becomes more challenging, it said in a statement on its website dated May 31. About 100 European staff members will be let go, a company representative said on Monday.
