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Shanghai Electric Accelerates Hydrogen Energy Chain Development, Boosts Clean Energy Adoption

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Shanghai Electric is focusing on the integration of wind, solar, storage, and hydrogen, a key strategy for expanding clean energy applications in the future.

SHANGHAI, July 30, 2024 /PRNewswire/ — Shanghai Electric (“the Company”) (SEHK:2727, SSE:601727) announced that the Company has made another significant stride in lowering the overall costs of green hydrogen with its latest Z-series alkaline electrolyzer technology, an energy-saving innovation breaking through the bottleneck of the renewable energy sector to make emission-free hydrogen production more economically sustainable.

A solution that further propels the industry toward decarbonization, the solution, which adds to Shanghai Electric’s prowess in new energy innovation, makes industrial applications of green hydrogen more feasible, accelerating the utilization of hydrogen in chemical, transportation, metallurgy, and green energy storage sectors.

“Hydrogen production involves multiple segments and a long industrial chain, with cost being the primary challenge. Green hydrogen is more expensive than grey hydrogen, requiring solutions across production, storage, refueling, and usage. Our goal is to streamline the entire technology chain, driving industry-wide cost reductions,” said Wu Liang, Chief Engineer of Shanghai Bright-H Technology Co., Ltd.

Green hydrogen, the cleanest form of hydrogen, is emerging as a crucial solution in the worldwide quest for renewable energy and decarbonization, but the overall economic feasibility of its production, storage, refueling, and usage is currently a major development constraint. Shanghai Bright-H Technology Co., Ltd. (“Bright-H Technology”), a subsidiary of Shanghai Electric, has been focusing on industry pain points and technological challenges, fully addressing the key links in the hydrogen energy development chain.

Through exploring alkaline water electrolysis and proton exchange membrane (PEM) water electrolysis, the Bright-H Technology is dedicated to providing integrated “production-storage-refueling-usage” system solutions for its customers, achieving breakthroughs in green chemistry, metallurgy, transportation, and energy storage.

Setting its focus on hydrogen energy as part of its technological drive to push the boundary of clean energy innovation, Shanghai Electric has been advancing hydrogen production technology and exploring its commercial applications with other energy sources since 2015. Shanghai Electric’s ongoing endeavor has allowed it to spearhead a number of pilot projects, which puts the Company at the forefront of hydrogen energy innovation as it seeks to integrate the clean energy source within a broader power ecosystem.

For hydrogen production, Shanghai Electric has explored two technology routes, leveraging its technological advantages to build an industrial chain. In June 2023, Shanghai Electric independently manufactured and released a 2000 Nm³/h alkaline electrolyzer, which was China’s largest single hydrogen production unit at the time. In October 2023, the Company rolled out a megawatt-level PEM electrolyzer with a capacity of 200 Nm³/h, leading the industry in China in overall performance, with its compact, lightweight, and flexible design making them better suited for hydrogen refueling stations.

Shanghai Electric has also developed high-pressure hydrogen storage tanks and offers diaphragm compressors for hydrogen refueling while exploring hydrogen applications, such as green chemistry and hydrogen-blended gas turbines. In November 2023, the company tested a hydrogen-blended gas turbine at Datang Haikou Power Plant, achieving a hydrogen volume ratio above 7%, the first operational F-class project in China. In addition, Shanghai Electric proprietary DeNox burner is capable of achieving hydrogen blends of up to 30%.

As of now, Shanghai Electric has secured hydrogen energy projects across the power, transportation, and chemical sectors, leading the way in advancing sustainable energy solutions and driving innovation in clean hydrogen. The Taonan wind power-biomass green methanol integrated demonstration project is set to produce one million tons of green methanol annually in three phases. The first phase aims to develop a 250,000-ton wind-biomass green methanol project, supported by an installed capacity of 680,000 kilowatts of renewable energy.

Marking a breakthrough in hydrogen energy technology development and commercialization, The Zero-Carbon Demonstration Project by the Bright-H Technology integrates renewable energy generation, PEM water electrolysis for hydrogen production, hydrogen storage, and fuel cells. The power generated by the project is sourced from renewable energy, with fuel cells providing additional power during low-demand periods, achieving zero carbon emissions in hydrogen production and green energy self-sufficiency.

For more information about the hydrogen R&D and latest related projects with Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/.

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SOURCE Shanghai Electric

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Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week

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DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.

Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.

Purpose, Innovation, and Partnerships

Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.

Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.

Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:

The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.

Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.

Deepening Bonds: Key Web3 Ecosystems and Communities

Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.

These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.

“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.

“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.

In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.

 

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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Yu Liu, Vice President of Baijiayun, to Attend 2024 Jixin AIGC Summit for Exploring New Industry Landscape

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BEIJING, Dec. 24, 2024 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it will attend the 2024 AIGC Summit soon.

Recently, the 2024 AIGC Summit, hosted by “Jixin”, a venture capital and industry research media that focuses on industrial AI, is about to kick off. As an outstanding enterprise representative that has successfully implemented AI technology in various industries, Baijiayun has been invited to attend. Yu Liu, the vice president of Baijiayun, will share unique insights at the summit to promote industry communication and progress.

This summit focuses on the in-depth application of AIGC technology in vertical scenarios, aiming to analyze the strategies, practices and successful experiences of AI going global, grasp the pulse of the development of the times, build a more open and win-win AIGC industrial ecosystem on a global scale, and open a new chapter for the future.

As an important participant in the AIGC field, Baijiayun has achieved remarkable results in technological innovation and application implementation. Vice President Yu Liu has been deeply involved in many core businesses and strategic decisions during the development of the company and has rich experience and profound insights in the application practice of AIGC technology. His attendance at this summit is expected to bring the latest achievements and innovative ideas of Baijiayun in vertical scenario applications and international market expansion, providing valuable references and inspirations for industry colleagues, further stimulating the innovation vitality and development momentum of the industry, and promoting the AIGC industry to a new peak. Many industry insiders are looking forward to this summit with full anticipation. It is believed that with the joint efforts of all parties, a clear and promising blueprint for the future development of the AIGC industry will be drawn.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

View original content:https://www.prnewswire.com/news-releases/yu-liu-vice-president-of-baijiayun-to-attend-2024-jixin-aigc-summit-for-exploring-new-industry-landscape-302338871.html

SOURCE Baijiayun Group Ltd

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My China Story: Technology Brings the World Together for a Chinese New Year

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BEIJING, Dec. 24, 2024 /PRNewswire/ — As the Spring Festival approaches, many are preparing for their holiday travels abroad. While the excitement of spontaneous trips is undeniable, one of the biggest hurdles travelers face is language barriers. However, iFlytek‘s innovative translation device promises to make communication effortless, helping you navigate any language challenges with ease.

 

Known for its sleek and compact design, iFlytek’s smart translation gadget offers an elegant black, business-style exterior, a moderate size, and a lightweight build. It’s the ideal travel companion, fitting easily into your pocket without weighing you down. Whether you’re heading to a city getaway or a remote adventure, this device ensures that language is never an obstacle.

The device boasts impressive capabilities, supporting translations in 84 languages online and 16 languages offline. Whether you’re traveling to Japan, South Korea, France, Germany, or the Middle East, this device handles it all. Even in remote locations—such as secluded mountain temples or isolated islands—the offline translation feature ensures you won’t be left speechless. The device also offers specialized vocabulary for specific fields, making translations more precise and professional.

With its intuitive interface, the gadget is easy to use—just a tap, and you’re ready to communicate. This makes it a perfect tool for travelers who want to ensure a smooth and enjoyable experience while abroad.

But what lies behind this innovative device? How did it come to life? To learn more about its development and functionality, we are following a Russian journalist as he visits iFlytek’s headquarters for an exclusive look at this remarkable “gadget” and uncover the story behind its creation.

Stay tuned as we explore the technology that’s revolutionizing the way we connect across cultures.

https://youtu.be/QkdFG0LvH70

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SOURCE “My China Story” International Short Video Competition Organizing Committee

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