Trump offers tariff cuts to China if it curbs fentanyl exports
U.S. President Donald Trump said on Friday he would lift all fentanyl-related tariffs on Chinese goods if Beijing takes concrete steps to restrict exp...
Saudi Arabia has integrated its largest battery energy storage system (BESS) into the grid, marking a significant milestone in the country’s renewable energy development.
The innovative facility boasts a staggering capacity of 500 MW/2000 MWh, positioning itself as the largest operational single-phase energy storage project worldwide.
This ambitious development, located in Bisha, the southwestern Saudi Arabian province of ‘Asir, incorporates 122 prefabricated storage units crafted by the Chinese company BYD. Each storage unit is equipped with a 6 MW power conversion system and features four lithium iron phosphate (LFP) battery modules, providing robust power storage capabilities.
This systematic design enhances efficiency while addressing potential technical failures.
Engineered by Power China’s Hubei Engineering Co., the project overcame the challenges posed by the harsh desert climate, including extreme heat and sandstorms. Engineers developed advanced installation techniques and streamlined commissioning processes, greatly enhancing the system’s resilience.
The Bisha BESS is part of Saudi Arabia’s broader initiative to strengthen its renewable energy infrastructure. The kingdom’s long-term economic strategy “Vision 2030” aims to derive 50% of its energy from renewable sources. Energy storage is a vital component of this transition, providing grid flexibility and enabling the integration of intermittent power sources such as solar and wind.
The project is among several large-scale battery storage initiatives being developed in Saudi Arabia. In an ongoing procurement, the Saudi Power Procurement Company (SPPC) is tendering four 500 MW / 2,000 MWh BESS projects. The list of prequalified 33 bidders was released earlier in January, revealing Masdar, ACWA Power, EDF, and TotalEnergies as competitors for 15-year storage services agreements.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Police in Dar es Salaam fired gunshots and tear gas on Thursday to break up renewed protests following a disputed general election, a Reuters witness said.
Russia launched a barrage of drones and missiles at Ukraine's energy infrastructure and other targets, forcing nationwide power restrictions and killing seven people, including a seven-year-old girl, Ukrainian officials said on Thursday.
Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
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