China is adjusting its electricity rates to favor energy storage systems over solar providers amidst a surge in solar capacity. Time-of-day pricing is being implemented across numerous provinces, reducing solar revenues during their peak generation but benefiting storage systems like batteries, which can capitalize on the fluctuating prices. This move reflects China’s challenge in balancing […]
Read More… from China’s Shift in Power Pricing: A New Dawn for Energy Storage
At the Marintec China 2023 expo, Jiangnan Shipyard, under China State Shipbuilding Corporation Limited, introduced the design for what is claimed to be the world’s largest nuclear-powered container ship. This 24000TEU-class vessel, boasting near-zero emissions, is powered by a Molten Salt Reactor (MSR) that operates at high temperatures and moderate pressures to significantly reduce the […]
Read More… from China: Nuclear-Powered Container Ship Design with Near-Zero Emissions
At COP28, Japanese Prime Minister Fumio Kishida committed to reducing Japan’s coal dependency and achieving carbon neutrality by 2050. He announced plans to halt new coal plant construction without emission controls and to increase financial support for developing nations through international lenders. Kishida also pledged to work towards tripling global green power and to contribute […]
Read More… from Japan Commits to Coal Reduction and International Aid at COP28
Canada is seeking increased investment from Japanese companies in the development of critical minerals for electric vehicle (EV) batteries, following a bilateral agreement aimed at facilitating Japanese automakers’ access to the U.S. market. Ambassador Ian McKay highlighted the significance of the deal signed in September, which is part of a strategy to establish sustainable and […]
Read More… from Canada Urges Japanese Investment in EV Battery Minerals