[The amount of local government bonds will be approved in advance in 2023] The amount of local government bonds to be "pre-approved" in 2023 has been issued, and earlier than last year. Infrastructure investment is the main way to expand domestic demand and boost the economy at present and in the future, and it needs special debt funds to support it. The amount of new special debt will reach 4 trillion yuan in 2023. Editor/Xu Shengpeng

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• 2026.04.07 16:18
• [MOL Group builds 40MWh battery energy storage system in Hungary]
• Recently, MOL Group announced that it has successfully built a 40MWh battery energy storage system in the MOL petrochemical plant in Tissa'uyvaros, Hungary. The project is located next to the end-user factory and is currently the largest battery energy storage facility in eastern Hungary. The operation of this system will directly serve the power consumption of the factory area, significantly improving energy efficiency and operational economy.Editor/Yang Meiling

• 2026.04.07 16:18
• [Elo Energy's 5MWh energy storage system has passed UL's rigorous explosion test]
• SolaX Power recently announced that its ORI 5MWh energy storage system has successfully completed full-scale system level detonation testing under the guidance of UL Solutions. This test is conducted based on the UL 9540A: 2025 draft framework and is UL's first system level deflagration assessment worldwide. The test intentionally triggered thermal runaway of the battery cell in a controlled environment and kept the ventilation system closed, fully simulating the extreme process of combustible gas release, accumulation, and even detonation. The test scenario is designed based on high demand parameters, with the ignition point set at a location that may exacerbate pressure and flame turbulence. In the end, the system structure remained intact and successfully passed the strict thermal runaway safety verification.Editor/Yang Meiling