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China Three Gorges Corporation linked its hybrid solar facility in Xinjiang to the grid in July 2026 and began commercial trial operations. The plant pairs photovoltaic and concentrated solar with molten-salt storage that supplies power for up to eight hours after sunset.
China Three Gorges Corporation connected a 1-gigawatt hybrid solar power plant in the Gobi Desert in Xinjiang to the grid in July 2026. Commercial trial operations began the same month. The facility combines photovoltaic solar panels, concentrated solar power, and a molten-salt thermal storage system.
The storage component can deliver electricity for up to eight hours after sunset. The plant does not use lithium-ion batteries. OilPrice.com reported that the launch occurs while one-fifth of global crude oil and gas trade has been blocked in the Strait of Hormuz since March.
Asian markets were the primary buyers of those shipments. David Frykman, General Partner at Norrsken, wrote in an earlier Fortune op-ed that wind and solar cannot be embargoed, blockaded, or shut off by a foreign power.
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SemaforStripe and private equity firm Advent International submitted a joint bid to acquire PayPal Holdings for more than $53 billion. PayPal shares rose as much as 20 percent in premarket trading after the report surfaced.
New York PostThe New Jersey Devils signed veteran forward Anthony Mantha to a two-year, $9.5 million contract. The 31-year-old recorded career highs of 33 goals and 64 points last season.
focustaiwan.twUber is in advanced talks to acquire Delivery Hero. Delivery Hero confirmed negotiations on a takeover offer to all shareholders in a Tuesday statement.