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XPRIZE WATER SCARCITY COMPETITION LAUNCHES TO UNLOCK THE ABUNDANCE OF EARTH’S SEAS AND OCEANS

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The 5-year, $150M competition with a $119M prize purse is designed to create new desalination solutions that increase access to clean water globally 

ABU DHABI, UAE, March 1, 2024 /PRNewswire/ — XPRIZE, the world’s leader in designing and operating large-scale incentive competitions to solve humanity’s grand challenges, today launches XPRIZE Water Scarcity. Made possible by a $150M investment from the Mohamed bin Zayed Water Initiative, this 5-year global competition, with a $119M total prize purse, is designed to drive widespread access to clean water by creating reliable, sustainable, and affordable seawater desalination solutions. Competing teams will aim to develop technologies that can responsibly expand access to the water contained in Earth’s seas and oceans, positively impacting billions of people globally, and creating a world where clean water is more equitably available and sustainably abundant.

Water is essential for life on Earth. 70% of our planet is covered in water, yet virtually everyone on Earth is experiencing some form of water stress; right now, only 0.5% of our planet’s water is available to support 8 billion people. As our fresh water supplies are rapidly diminishing due to various factors, including climate change and the impact of agricultural and industrial uses, many major cities around the world are approaching “Day Zero,” the day their water supply is estimated to run out. As a result, populations face threats of stricter water rationing, sanitation and hygiene issues, environmental and economic damage, and conflict for resources.

With seas and oceans holding over 96% of Earth’s water, seawater desalination has become an increasingly attractive option for providing reliable access to water for countries and communities around the world. However, current desalination technologies lack the efficiency, affordability, and sustainability to generate clean water at the scale that will be required to address rapidly rising water scarcity around the globe. Current desalination plants also predominantly operate using fossil fuels and water treatment materials that raise sustainability concerns, while water intake and brine output processes can have a negative impact on vulnerable marine ecosystems.

“While a small number of countries are using advanced desalination solutions to supply their citizens with clean water, innovation in seawater desalination has been largely stagnant; current solutions remain too expensive and are not cost-effectively scalable to be able to meaningfully benefit the majority of the world,” said Anousheh Ansari, chief executive officer, XPRIZE. “The world needs a cutting-edge breakthrough to make desalination a more cost-effective and sustainable solution that could be adopted more widely around the world, enabling people and the environment to prosper.”

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Chairman of the Mohamed bin Zayed Water Initiative, said: “Increasing water scarcity is a growing threat to global security and prosperity that demands a decisive and coordinated response from the international community. The establishment of XPRIZE Water Scarcity is consistent with the ambition of the Mohamed bin Zayed Water Initiative to raise the importance of water scarcity on the global agenda and to help accelerate the development and deployment of transformative new solutions to this urgent challenge.”

XPRIZE Water Scarcity is the first competition of its kind focused on disrupting desalination systems at this scale. The prize incentivizes competing teams to create new solutions that are measurably more affordable, reliable, environmentally sustainable, and resilient in a changing climate than existing methods. Teams will rethink desalination systems, methods, and materials to find ways of providing more safe, reliable, affordable and sustainable water in support of fast-growing population centers and other communities around the world.

“With global water demand projected to outstrip supply by 40% by 2030, the timeliness of this competition couldn’t be more crucial. We’re confident this prize will initiate a necessary step-change in desalination efforts to help address global water scarcity,” said Lauren Greenlee, executive vice president of Food + Water + Waste, XPRIZE. “We know that breakthroughs can come from anywhere, and by focusing on system-level innovation and flexible criteria alongside exploration of novel materials, our goal is to broaden inputs from a wide variety of fields and evaluate all possible solutions.”

“Desalination is poised for enormous growth in the 21st century as communities, industries, and countries diversify their water supplies and make their water systems more resilient against climate change,” said Dr. Peter S. Fiske, executive director, National Alliance for Water Innovation. “By attracting innovators from around the world to focus on making desalination more energy efficient, cost effective, and environmentally beneficial, I am optimistic that XPRIZE Water Scarcity will lead to a burst of innovation and cost reduction for this critical technology.”

“Sustainable and affordable desalination systems are crucial as we work toward securing sources of freshwater worldwide to offset global water scarcity,” said Shannon McCarthy, Secretary General, International Desalination and Reuse Association. “I’m confident the dynamic XPRIZE to address Water Scarcity will incentivize game-changing innovation in the desalination community and the breakthroughs we need to address the accelerating water challenges around the world, ensuring water for all.”

This multi-track competition centers around a core track to rethink the desalination system. The winning team will reliably and most sustainably generate one million liters of potable water per day (1,000 m3/d) from seawater at the lowest cost, below a target benchmark to ensure global accessibility, over the course of 1 year; sufficient to support 10,000 people (based on WHO Standards). The Novel Membrane Materials track will pursue the search for the perfect membrane to cut the cost of water production and increase reliability and sustainability, paving a future path to extend the lifetime of existing seawater reverse osmosis desalination plants.

The title sponsor of XPRIZE Water Scarcity is the Mohamed bin Zayed Water Initiative, which is dedicated to raising awareness of water scarcity and increasing its prioritization on the international agenda while accelerating the development, testing and deployment at scale of transformative and sustainable technological solutions to this global challenge.

Register to compete, learn more and get involved at xprize.org/water.

About XPRIZE

XPRIZE is an established global leader in designing, launching, and executing large-scale competitions to solve humanity’s greatest challenges. Our unique model democratizes innovation by incentivizing crowd-sourced, scientifically viable solutions to create a more equitable and abundant future for all. Donate, learn more, or join a team at xprize.org.   

About the Mohamed bin Zayed Water Initiative

The Mohamed bin Zayed Water Initiative (MBZWI) is committed to driving coordinated action to address the growing threat of global water scarcity. Founded by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, MBZWI seeks to raise awareness of water scarcity and increase its prioritisation on the global agenda, while harnessing the power of targeted investment, accelerated technological innovation and expanded international cooperation to overcome this challenge for the benefit of current and future generations.

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JinkoSolar Unveils Tiger Neo 5.0 All-Black Residential Solar Module with 25.52% Efficiency

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SHANGRAO, China, Oct. 17, 2026 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), today unveiled Tiger Neo 5.0, an all-black residential solar module built on its all-new TAC technology. The first version to reach the market, an all-black 48-cell module, delivers a maximum power output of 510 W with a module efficiency of 25.52%. It was designed to redefine the upper limits of what a scenario-specific module can deliver in both appearance and efficiency for premium homes and other architecturally refined residences.

The module showcases a deeper, more uniform and more refined black appearance than conventional back-contact (BC) modules. Semiconductor-grade low- and high-temperature processes bring the power temperature coefficient down to -0.24%/℃, meaning stronger energy yield in high-temperature environments.

TAC technology combines the excellent carrier transport of TOPCon with the low-temperature processing and positive electrode passivation of HJT, pushing peak cell efficiency to 28%, approaching the theoretical limit of monocrystalline silicon cells. Together with a zero-gap cell layout and hidden-ribbon technology at module level, the module achieves an efficiency of 25.52%. Compared with conventional BC products, it delivers approximately 30 W more power, and a lower temperature coefficient. Its deeper, more premium black appearance blends seamlessly into residential rooftops— especially dark-colored ones — making it a standout in the residential module category for both power and aesthetics.

“Our vision for Tiger Neo 5.0 was to develop a panel tailored to premium residential rooftops. It pushes the boundaries of both performance and aesthetics with innovations in cell technology, passivation processes, structural design, module format and interconnections. With this launch, we aim to help move the industry toward solutions tailored to specific applications,” said Charlie Cao, CEO of Jinko Solar Co., Ltd.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a holding company combining clean energy industrial operations and strategic investment in emerging technologies. Its industrial foundation is a controlling interest in Jinko Solar Co., Ltd. (SSE: 688223), a global leader in clean energy technology. The Company makes disciplined strategic investments in renewable energy, advanced materials, artificial intelligence, commercial space and other frontier technologies, drawing on its industrial experience and its ability to identify emerging technologies and bring them to commercial scale.

Through Jinko Solar Co., Ltd., the Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar has over 10 production facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2026.

To find out more, please see: www.jinkosolar.com 

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

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SOURCE JinkoSolar Holding Co., Ltd.

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AGFUND wins international award for excellence in inclusive banking and social impact

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 Prince Abdulaziz bin Talal credits the founders of AGFUND’s microfinance banks for laying the foundations of its development impact

BANGKOK, Oct. 17, 2026 /CNW/ — The Arab Gulf Programme for Development (AGFUND) won the “Excellence in Inclusive Banking and Social Impact” award at the 2026 Sustainable Development Goals Awards, organized by the World Savings and Retail Banking Institute (WSBI) in cooperation with the European Savings and Retail Banking Group (ESBG).

AGFUND CEO Hammam bin Nasser bin Juraid accepted the award in Bangkok, Thailand, alongside the Annual Meetings of the International Monetary Fund and World Bank Group.

HRH Prince Abdulaziz bin Talal bin Abdulaziz, President of AGFUND, said the recognition acknowledges AGFUND’s experience using financial services to empower underserved communities, strengthen livelihoods and promote economic independence.

He credited the founders of AGFUND’s microfinance banks, particularly the late Prince Talal bin Abdulaziz, for establishing institutions centered on empowering people.

He added that the award reflects over two decades of commitment, the dedication of financial inclusion banks and partners, and clients who transformed financing into businesses and family income. He emphasized expanding opportunities and measuring success through lasting improvements in people’s lives.

Prince Abdulaziz stressed that the recognition reflects the value of institutions reaching excluded populations and encourages broader access and economic opportunities for families.

AGFUND’s financial inclusion banking network has served more than 1.3 million clients and disbursed over US$1.37 billion in financing since inception. Women represent 59 per cent of borrowers, demonstrating its contribution to economic empowerment.

Presented by WSBI, established in 1924, together with ESBG, the award recognizes an approach linking financial services, social impact and sustainable development.

Following its first bank in Jordan in 2004, AGFUND expanded across nine countries: Jordan, Yemen, Bahrain, Syria, Lebanon, Palestine, Sudan, Mauritania and Sierra Leone, focusing on communities underserved by conventional financial institutions.

The network has issued more than 1.5 million loans, opened over 927,000 savings accounts, established 112 branches and employed more than 1,500 people. Its services finance micro and small enterprises and income-generating activities, improving livelihoods and economic independence.

AGFUND plans to strengthen development partnerships, advance digital solutions and innovative financial products, and integrate financing with training, capacity development, market access and risk protection.

It is also exploring geographic expansion, particularly in Africa, through institutional partnerships that adapt successful approaches to local needs and extend sustainable financial inclusion to more communities.

Website – https://agfund.org/

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SOURCE The Arab Gulf Programme for Development (AGFUND)

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GAC Showcases Multiple Models at Canton Fair: Systemic Global Expansion as a Response to High‑Level Opening‑Up

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GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On 15 October, the 140th China Import and Export Fair (Canton Fair) kicked off in Guangzhou. Dubbed “China’s No.1 Exhibition” with a 70‑year history, it serves as a vital window for global merchants to understand China, and one of GAC’s stages to connect with the world. For international buyers, GAC serves not only as a sourcing platform but as a trusted channel for experiencing Chinese automotive innovation and building long-term local partnerships. Having made its debut in 2012, GAC has participated in the fair 30 times to date. Together with the Canton Fair, it has witnessed the transformation of Made‑in‑China products into Chinese global brands.

This transformation is reflected in GAC’s global expansion journey through a string of continuously refreshed sales figures. Overseas sales stood at 90,000 units in 2024, hit 130,000 units in 2025, and exceeded 197,000 units in January‑September 2026, representing a year‑on‑year surge of 138.9%. GAC is sprinting full steam ahead toward its annual target of 300,000 overseas units. GAC has accomplished a shift from “product export” to “system‑level global expansion”.

At the GAC booth, XT80, AION i60 and AISTALAND GX7 showcased intelligent driving, three-electric systems and premium cabins. The energy-ecology zone featured DC ultra-fast charging piles, 7 kW smart home chargers, multi-in-one electric drive units and PV-Storage-Charging-Swapping Technology, addressing range anxiety. Opening day drew buyers from Southeast Asia, the Middle East, Europe, Latin America and Africa. At the Music & Cuisine Festival, GAC built three immersive spaces blending smart mobility, Cantonese cuisine, camping and sports. The XT80, AION N60, GAC S7 and AISTALAND GT7 served as lifestyle carriers, letting guests enjoy morning tea, global cuisines and intangible cultural heritage.

GAC will advance its ONE GAC 2.0 strategy, deepening localized operations and expanding its systematic global layout. As a tribute to the Canton Fair’s 70th anniversary and a new business card for China’s auto industry, GAC will help drive Chinese intelligent manufacturing onto the global stage.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

 

SOURCE GAC

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