[Zinc-iron liquid flow energy storage battery project settled in Xiaoting, Hubei]On July 1, 2022, the government of Xiaoting District, Yichang City, Hubei Province signed a cooperation agreement with Weijing Energy Storage Technology Co., Ltd. and Hualin Titanium New Energy Zhuhai Co., Ltd. to determine a new type of zinc-iron liquid energy storage with a total investment of 16 billion yuan. The battery project and the composite titanium battery project were officially settled. Municipal Party Secretary Wang Li attended the signing ceremony and witnessed the signing. Deputy Secretary of the Municipal Party Committee and Mayor Ma Zejiang presided over the signing ceremony. Editor / Zhao E
Yondr Group, a global developer of ultra large scale data centers, has completed two new financing rounds, consisting of a global letter of credit instrument and a European holding company financing instrument, respectively used to lock in power capacity for European and American projects and reduce leverage on European platforms. The current power generation has become a core bottleneck in data center development, and the surge in demand for AI and cloud computing has intensified this competition. The two financing rounds were participated by multiple institutions such as French Foreign Trade Bank, BNP Paribas, and IFM Investors, providing capital ammunition for Yondr's continued expansion. Editor/Cheng Liting
Hong Kong Chief Executive Carrie Lam led 40 business leaders and 30 representatives of mainland enterprises to visit Kazakhstan, marking the first visit of the Chief Executive to Central Asia and receiving a high-level reception from President Tokayev. The two sides signed seven cross disciplinary agreements covering fields such as science and technology innovation, finance, and information technology, connecting the cooperation channel between the Hong Kong Stock Exchange and Astana International Financial Center. As the first place of the the Belt and Road and the largest trading partner of Hong Kong in Central Asia, Kazakhstan is accelerating its industrial transformation. Editor/Cheng Liting