[Shaoyang Matangshan Township starts construction of disaster resistant microgrid] Recently, the first township level disaster resistant smart microgrid project in China, which integrates wind power, photovoltaics, small hydropower, and energy storage, the comprehensive demonstration project of the disaster resistant smart microgrid in Matangshan Township, Shaoyang, Hunan Province, held the "Party Building+" award ceremony and groundbreaking ceremony. Liu Zhengyi, Chief Engineer of State Grid Hunan Electric Power, attended and announced the start of construction. Relevant professional departments, State Grid Shaoyang Power Supply Company, Longhui County Government, Tsinghua University and other participating units participated in the construction. Matangshan Township is located in the hinterland of the Xuefeng Mountain Range, with high altitude and long frost period, and prominent issues with power supply reliability and energy quality. State Grid Hunan Electric Power, in conjunction with local resources, has innovatively proposed a flexible and interactive "wind solar water storage" disaster resistant end of pipe guarantee smart microgrid construction plan, with a total investment of 30.55 million yuan, saving about 50% of grid investment compared to traditional conventional 35 kV transmission and transformation projects. This project applies new technologies such as new energy and energy storage adaptive network construction, builds a flexible interactive system of "wind, light, water, and storage", constructs energy storage power stations, equipped with intelligent control systems, and can operate independently off the grid in extreme disasters. Shaoyang Power Supply Company deepens the "Party Building Leading · Grid Transformation and Enhancement" project, establishes a temporary party branch to provide guarantees for the project's implementation. The project is expected to be completed and put into operation by the end of June 2026. After it is put into operation, the local power supply reliability and voltage qualification rate will be greatly improved, clean energy will be utilized 100%, and green electricity will account for over 96%. Editor/Cheng Liting

Click to see more live >>

• 2025.12.09 10:29
• [Chinese banks assist in landing 15GW clean energy project]
• In the global energy transition wave, Saudi Arabia's actions are attracting the attention of the world. Recently, Saudi energy giant ACWA Power announced that it has secured a massive financing of up to $5.95 billion for its 15GW clean energy projects. This funding will be used to support two wind power projects and five photovoltaic projects located within Saudi Arabia, demonstrating the clear strategy of this oil kingdom to extend its energy dominance through new energy. This financing can be regarded as a "national team global tour", attracting 29 financial institutions from the Gulf region, Europe, China, Japan and other places to participate. Among them, several Chinese financial institutions, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and China Minsheng Bank, have provided strong support. The loan term is as long as 27 years, reflecting the confidence of international capital in the long-term prospects of Saudi Arabia's new energy development. The equity structure of the project is jointly held by ACWA Power, Badeel, a wholly-owned subsidiary of Saudi sovereign fund PIF, and Saudi Aramco Power Company. This national level risk sharing model greatly enhances market confidence. All projects are expected to be fully operational from the second half of 2027 to the first half of 2028. Saudi Arabia's rapid execution capability is in line with its strategy of seizing the future "second pot of gold" - by building a globally leading low-cost green power base, laying the foundation for future industries such as hydrogen energy and green metallurgy, and reshaping its role in the global energy landscape. Editor/Yang Beihua

• 2025.12.09 10:22
• [Chinese energy storage companies have won consecutive large orders in Europe]
• Chinese energy storage companies have recently made significant breakthroughs in the European market. With the cumulative installed capacity of energy storage in Europe expected to exceed the 100GW mark by November 2025, the market is entering a critical stage of large-scale development. In this context, China Automotive New Energy has signed a 2GWh energy storage strategic cooperation agreement with Belgian energy company AVESTA, while Kubo Energy has also reached a 1GWh strategic cooperation agreement with Romania's VoltLink Energy. As a joint venture between multiple Chinese state-owned enterprises in the field of power batteries, China Automotive New Energy has obtained over 14GWh of energy storage orders worldwide by 2025. Kubo Energy continues to focus on the European market, and this cooperation aims to build an energy service ecosystem that covers the entire chain. The signing of these orders reflects a structural change in the European energy storage market from household use to large-scale project dominance, driven by a significant improvement in energy storage economics. From 2022 to 2025, the cost of European LFP energy storage systems has decreased by about 37%, and the reform of the electricity market has created a diversified revenue model of "energy arbitrage+ancillary services" for energy storage. Despite Europe's ambitious goal of 500-780 GWh by 2030, the path to achieving it still faces challenges. The lengthy approval process and fragmented internal market may constrain the pace of development. The strong entry of Chinese energy storage companies not only seizes the opportunity of market explosion, but also injects key technological products and solutions into Europe's energy transformation. Editor/Yang Beihua