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Energy
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  • China is the world’s top producer and consumer of electric vehicles, and it is now seeking the lead in hydrogen-powered vehicles
  • It unveiled its first national-level hydrogen energy development plan in 2022, and has tested its first hydrogen-powered passenger train
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Rainfall in the southwest province of Yunnan, which is one of China’s leading hydropower producers, fell by 42.3 per cent compared to normal levels this year.

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Commercial ties between China and the Middle East are enjoying a revival as politics, energy transition and supply-chain upheavals create opportunities for Chinese exporters, according to management consultancy Oliver Wyman.

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Ampace is betting on a boom in home energy storage systems and the ‘batterification’ of tools and electronic devices as it aims to solidify an already dominant position in a part of the market away from electric cars and smartphones.

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The BBC found that more than 27,300 Russian soldiers died during the second year of the war, a 25-percent increase on the first year.

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The destroyed Trypilska thermal power plant was the largest energy facility near Kyiv and was built to have a capacity of 1,800 megawatts, more than the pre-war needs of Ukraine’s biggest city

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.

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New deep-sea mobile operation can reportedly drill to a depth of 9,085 metres, a record for China as Beijing looks to rely less on imported oil and gas amid rising geopolitical uncertainties.

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Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.

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Kyiv said the feared operation would make Ukraine appear responsible for whatever took place at the nuclear site in southern Ukraine, which has been occupied by Russian troops since 2022.

Reason for evacuation was the almost daily shelling of towns in the region by Russia. Regional governor promised that all those affected would receive humanitarian and legal aid.

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The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.

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China accounted for two-thirds of the coal-burning power capacity that came online last year, according to Global Energy Monitor, which ‘starkly contrasts with the global trend, putting China’s 2025 climate targets at risk’.

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An anti-subsidies investigation into Chinese wind turbine manufacturers by the EU could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, analysts say. The impact on Chinese firms could be limited.

Tesla CEO Elon Musk said artificial intelligence (AI) would be smarter than the smartest human probably by next year, or by 2026, adding that AI development was constrained by the availability of electricity.

Speaking in Paris to Chinese makers of electric vehicles and lithium batteries, commerce chief Wang Wentao vows Beijing will ‘fully support and defend’ their rights as Western pressure mounts.

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The head of the UN’s atomic watchdog agency condemned a drone strike on one of six nuclear reactors at the Russian-controlled Zaporizhzhia Nuclear Power Plant in Ukraine.

The Chinese stock market is poised to see the emergence of shareholder resolutions on ESG issues next year, as incoming corporate governance reforms start allowing many more minority owners to present proposals for voting, a stewardship expert says.

EnerVenue, a rechargeable batteries start-up co-founded by the family office of tycoon Peter Lee Ka-kit, aims to build factories in the US and China to commercialise an old technology deployed in outer space for use on Earth.

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Epago Technologies, which makes ‘new-generation electrodes’ for hydrogen fuel cell batteries, aims to use the city’s innovation, policy, and geographical advantages as a springboard to access bigger markets in mainland China and Europe.

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