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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
Hainan will build special customs supervision areas for trade liberalisation and facilitation when independent customs operations are launched and the “free flow through the first line and control at the second line” trade policy is implemented.
Wang Yang publishes an official definition of a free port in the People’s Daily. Announcement of a free trade zone covering the entire island of Hainan during the 30th anniversary of the Special Economic Zone. Launch of the Master Plan for the construction of the Hainan Free Port, aiming for global status by 2050.
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A master plan released in 2020 aimed to make Hainan a globally influential hub for high-level openness by mid-century.
Big changes are underway in Hainan—and they’re designed to make everyday life smoother for residents, expats, and businesses alike. China's Hainan Free Trade Port will officially launch island-wide independent customs operation on December 18, 2025, completing its transition into a full-fledged Free Trade Port.
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A master plan released in 2020 aimed to make Hainan a globally influential hub for high-level openness by mid-century.
Wang Yang publishes an official definition of a free port in the People’s Daily. Announcement of a free trade zone covering the entire island of Hainan during the 30th anniversary of the Special Economic Zone. Launch of the Master Plan for the construction of the Hainan Free Port, aiming for global status by 2050.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
Building a BESS (Battery Energy Storage System) All-in-One Cabinet involves a multi-step process that requires technical expertise in electrical systems, battery management, thermal management, and safety protocols.
Steps to Build a BESS All-in-One Cabinet 1. Planning and Design Determine the power capacity (kW) and energy storage capacity (kWh) required for the system. Decide on the use case (residential, commercial, or utility-scale) to ensure the system meets the specific needs. Choose the battery technology (lithium-ion, LiFePO4, etc.).
BESS grid services, also known as use cases or applications, involve using batteries in power systems for various purposes, such as frequency regulation, voltage support, black start, renewable energy smoothing, etc. .
BESS contributes to grid stability by absorbing excess power when production is high and dispatching it when demand is high. This feature enables BESS to significantly reduce the occurrence of power blackouts and ensure a more consistent electricity supply, particularly during extreme weather conditions. 3. Reduced Emissions and Peak Shaving
This paper provides an up-to-date review of these storage technologies and energy storage systems in Vietnam’s power system today. Finally, there are a few perspectives on the opportunities and challenges of these storage systems in Vietnam power systems today.
A New Wave in Vietnam’s Energy Sector: Battery Energy Storage Systems (BESS)! Vietnam is at the forefront of a transformative shift towards renewable energy, with Battery Energy Storage Systems (BESS) emerging as a cornerstone technology in ensuring grid stability.
Sunita Dubey and Hyunjung Lee share how Vietnam is leveraging Battery Energy Storage Systems to stabilize their grid and accelerate the energy transition.
In fact, with the release of 300Ah+ large-capacity battery cells, members of China top 10 energy storage system integrator have deployed 5MWh+ energy storage battery compartments, such as CATL, Sungrow, CRRC Zhuzhou Institute, TrinaStorage, etc.
A significant part of the deal includes the Power Up Plan—an initiative with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects throughout the country. Phase I of the plan added more than 700 megawatts (MW) of power to the grid in 2016.
Iraq's electricity generation primarily depends on fossil fuels. In 202, natural gas was the largest source at 50.4% of the total, followed by oil at 47.6%. Renewable energy, mainly from hydroelectric power, contributed 2%. As of 2023, the 30 gigawatts (GW) of installed capacity cannot meet summer peak demand.
While some of the damage of the 1991 war was repaired and about 4,500 MW of generating capacity was available in 1999 when Iraq reorganized its electricity sector. The sector was separated from the Ministry of Industry, and the Commission of Electricity (CoE) was established on June 21, 1999.
Summer peak demand 6,800–7,500 MW; 35 to 40% of the summer peak demand cannot be satisfied at present. Lack of electricity tends to affect more severely the most vulnerable groups of Iraq's society and increases their morbidity and mortality. Ongoing efforts need to be maintained and new actions to increase electricity supply need to be initiated.
