[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
At 13:46 on August 12, 2026, the load of the Guangzhou power grid system reached its historical peak for the third time this year, with a maximum load of 26.231 million kilowatts, a year-on-year increase of 4.46%. Faced with the dual challenges of sustained high temperatures and rising electricity demand, the Guangdong Guangzhou Power Supply Bureau of Southern Power Grid is working together to ensure the safe and stable operation of the power grid during peak hours through the coordination of source, grid, load, and storage.Editor/Gong Ziwei
On August 13, 2026, the Lianyungang Huai'an section of the Lianyungang Yizheng crude oil pipeline project, a key national oil and gas infrastructure project, was successfully put into operation. This is the first 10 million ton crude oil pipeline put into operation at the beginning of China's 15th Five Year Plan, which is of great significance for optimizing the energy supply structure in the central and eastern regions of China and improving the national oil and gas network layout.Editor/Gong Ziwei