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With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
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.
As a key initiative in China's opening-up strategy, the Hainan Free Trade Port is set to begin independent customs operations by year end, and global enterprises are eyeing the vast opportunities that come with open trade. [Photo/Xinhua]
South China’s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government work report presented during the annual session of the Hainan Provincial People’s Congress on Tuesday.
A 1MWh Battery Energy Storage System, such as PKNERGY's 20ft container solution, stores energy equivalent to 1 megawatt-hour. It includes 5 clusters connected to a 500kVA power conversion system (PCS) for output at 340-440VAC. The system also includes a 500kW three-phase inverter with a 98.3% conversion efficiency and a 300kW inverter for DC to AC conversion.
The PKNERGY 1MWh Battery Energy Solar System is a highly integrated, large-scale all-in-one container energy storage system. Housed within a 20ft container, it includes key components such as energy storage batteries, BMS, PCS, cooling systems, and fire protection systems.
PKNERGY's 20ft container 1MWh battery has a rated capacity of 1000kWh. It uses LFP (Lithium Iron Phosphate) batteries and is designed to have a lifespan of over 10 years. The system can operate completely off-grid.
Comprehensive, multi-level battery protection strategies and fault isolation measures to ensure the safety and stability of energy storage system; 9. Energy storage system is equipped with energy management system, interacts with fire-fighting, air conditioning, access control, video monitor to obtain safer operatio.