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"We will strive to build the Hainan Free Trade Port into an important gateway leading China's opening up in the new era, contributing to the sustained development of the Chinese economy as well as injecting stability and certainty into the world economy," said Yuan, assistant minister of commerce. ■
"With the independent customs operations, Hainan FTP is poised to become a key gateway for China's new era of opening up and innovation," Cai added. China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
* China's Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which marks the anniversary of the milestone Third Plenary Session of the 11th CPC Central Committee in 1978 that ushered in the reform and opening-up, underscores China's unwavering commitment to high-standard opening-up.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
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
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.
