[Construction of China Mongolia Cross border Railway]Recently, the construction of a 7.1 kilometer railway connecting the Xiberkulun Port and the Zek Port in Mongolia began. The railway consists of 5 dedicated tracks for transporting coal from various coal mines, connecting China's Cek Port and Mongolia's Xiberkulun Port. It is the only railway in Mongolia built according to the Chinese railway gauge standard of 1435mm, laying the foundation for opening up a new railway transportation channel between China and Mongolia. The Mongolian section of the railway line is owned by the Siberkulun Company in Mongolia, while the Chinese section is owned by a joint venture between Morita Energy Co., Ltd. and Narin Suhaitu Railway Company. Editor/Ma Xue
The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling
In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling