[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
On May 10, 2026, with the successful unlocking of the double poles of the ± 660 kV Yindong DC transmission system, all equipment resumed normal operation. This marks the end of the comprehensive maintenance work for the DC system of Yinchuan East Converter Station in 2026. The energy artery of the country's West East North Transmission Channel has entered a state of readiness, providing strong power support for the upcoming peak summer season.Editor/Gong Ziwei
On May 12, 2026, Yin Hong, Secretary of the Jiangxi Provincial Party Committee, and Ye Jianchun, Governor of Jiangxi Province, held talks with Zhang Zhigang, Chairman of State Grid Corporation of China, in Nanchang. Zhang Zhigang thanks the Jiangxi Provincial Party Committee and Government for their long-term support and assistance to the work of State Grid Corporation of China. He hopes that the company will increase its investment during the 15th Five Year Plan period, promote the Mengxi power transmission project, and assist in energy transformation. State Grid Corporation of China responds by ensuring power supply, increasing investment, and serving the development and dual carbon goals of Jiangxi.Editor/Gong Ziwei