[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.10.10 11:27
• [Langjiang Pumped Storage Finishes First Domestic Variable Speed Unit Installation]
• Recently, China's first domestically produced variable speed pumped storage unit was installed in the Langjiang Pumped Storage Project in Zhaoqing, Guangdong, with a 100% localization rate. The project is expected to be put into operation in the first half of 2027, with an annual consumption of over 2.1 billion kilowatt hours of clean energy, which can reduce carbon dioxide emissions by about 1.9 million tons and have the ability to store and regulate large capacity electrical energy. Editor/Min Jing

• 2026.10.10 11:26
• [eSurfing Intelligent Computing Valley Liquid Cooling Project Wins Energy Approval]
• The energy-saving report of the Zhejiang Southeast Tianyi Intelligent Computing Valley Equipment Procurement Project has been approved in principle by the Zhejiang Provincial Development and Reform Commission. The project is located in Huangyan District, Taizhou City, with a total investment of 1.361 billion yuan. It adopts cold plate liquid cooling, with a cabinet power of 7192kW. After reaching production capacity, it will generate 1268P intelligent computing power, 50PB storage, PUE value of 1.195, estimated annual power consumption of 62.5 million kilowatt hours, and comprehensive energy consumption of 17700 tons of standard coal. Editor/Min Jing