[ASEAN China will seek to upgrade China-ASEAN Free Trade Agreement] At the celebration of the 70th anniversary of the establishment of the China Council for the Promotion of International Trade and the Global Trade and Investment Promotion Summit held on May 18, 2022, ASEAN Secretary-General Lim Yuhui said that the economic relationship between ASEAN and China has never been stronger and closer than it is today. Seek to upgrade the ASEAN-China Free Trade Agreement to address new global challenges. Lin Yuhui said: "For decades, CCPIT has successfully promoted China's foreign trade and investment cooperation by strengthening public-private dialogue and business relationships. The economic relationship between ASEAN and China has never been stronger and closer than it is today." Editor/Xing Wentao

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• 2026.02.09 16:30
• [Australia: 120 gigawatt hours of energy storage can provide 98.5% renewable energy supply]
• The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling

• 2026.02.09 16:30
• [EU sets new high for battery energy storage installation by 2025]
• In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling