[Freyr plans to build €1.6 billion gigafactory near the Arctic Circle] Norwegian battery maker Freyr plans to build a €1.6 billion Arctic Gigafactory with the help of €400 million in guarantees and loans from Norway's export credit agency Eksfin. Freyr expects the plant to be one of the largest and most efficient in Europe, with 50% lower capital expenditure per GWh of capacity and more than 200% higher output per employee than conventional lithium-ion plants. Editor/Xing Wentao

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• 2026.06.05 11:27
• [Construction of Dabancheng Pumped Storage Power Station begins]
• In June 2026, the hydropower unit under China Communications Construction Corporation won the bid for the key section of the construction period of the Dabancheng Pumped Storage Power Station in Xinjiang. The total investment of this project is 11.4 billion yuan, and after completion, it will significantly enhance the regional new energy consumption capacity.Editor/Gao Xue

• 2026.06.05 11:23
• [The growth of coal transportation from Xinjiang to other regions]
• In the first five months of 2026, the railway freight volume in Xinjiang exceeded 100 million tons, including over 41 million tons of coal transported from Xinjiang, a year-on-year increase of 9.1%. The railway department precisely allocates transportation capacity to ensure stable energy supply.Editor/Gao Xue