Lei Zhang

It's most

Mars-like in the planet.

Barren and empty.

Wind blows all year round.

Sandstorms happen often.

In the winter, temperature is as low as minus 40 degrees.

In the summer, it reaches 40 degrees.

It's useless.

but it's my most favorite place.

I come to Gobi with a belief.

I believe this could be the new space for our civilization.

When people see useless, barrenness, emptiness, I see abundance.

Abundance?

If you look at the Bering Desert, it is filled up with abundant renewable energy.

The strong wind and the shining sun, they are infinite and never end.

I found out the important equation between energy and our prosperities.

Two thousand years before the Industrial Revolution,

our global GDP only grew five times.

Why?

Because we are only able to use five times energy.

Natural energy, agriculture, then transferred to muscle power.

Since the revolution, our global GDP expanded 100 times because we are using 100 times more energy.

So abundant fossil fuel energy has been turned and created forces to drive the machines, created materials like steel, created fertilizer to improve the food production.

Today, it's even creating tremendous intelligence for humanity.

So how can we unlock such a big potential from desert to push humanity to a next level of prosperity?

Because when our solar radiation is able to meet our entire annual demand of energy, it is free and it is green.

In front of Gobi,

we have to solve three challenges.

The first one, how can we capture the rough and the raw wind energy?

Just as steam engine is able to turn coal energy into motion, we end up with wind turbine to capture wind energy to turn into electricity.

Most importantly,

is to really design a wind turbine that is able to survive in extreme wind conditions in the desert.

Secondly, how can we avoid building long-distance or thousand-mile transmission lines, which are costly and extremely expensive?

We end up with the largest off-grid renewable system by integrating wind turbine, solar panel storage with AI orchestrations.

Okay, then the last remaining challenge.

How can we utilize such abundant locally made electricity?

we end up with a solution to build net zero industrial park, which is going to produce energy-intensive products like batteries and green hydrogen and ammonia, those green molecules.

Why green ammonia?

One ton of green ammonia is able to hold 10,000 kilowatt-hour electricity.

Most importantly, the green molecule is so important for us to decarbonize our economic system.

It's the most difficult car to obey segment.

The green hydrogen is going to be used to make green steel, to make natural chemicals, to make green aviation and shipping.

So what's about today?

Just right in the heart of the Gobi Desert, the first natural industrial park has been built.

It is totally off-grid, 100 percent by renewable energy.

It is making a state-of-the-art battery.

But most importantly, it is the lowest cost

of battery among our envisioning production base.

Why?

Because there's tremendous, free, abundant renewable energy.

And we are also building in the desert the largest green hydrogen project in the world.

1.5 million tons of green hydrogen and green ammonia.

The first phase, 300,000 tons, is commissioning now.

We are not supposed to build the largest.

Our goal is to make it the cheapest, to make green hydrogen as cheap as green.

Why is the cost so vital?

Because history told us

This 100 times energy growth is a result of cost reductions.

In order to unlock these tremendous renewables, we have to make renewable energy much lower than fossil fuel.

There are two forms of energy.

One is electron.

One is molecule.

Today,

Renewable has already won the battle against electricity.

So renewable energy is much lower on making electricity.

But there's still another battle, is green molecule is about two or three times expensive than gray molecule from coal and gas.

We have to make as cheap energy

as possible have this cost parity to the grade.

So we should redesign the entire energy system and redesign the equipment, then reduce costs significantly.

So first,

we designed an AI-regulated wind turbine, which is able to capture more energy while reducing costs significantly.

We are also designing the world's first hybrid energy storage system by combining a lithium battery with a supercapacitor.

It's able to support the grid with much less cost.

And we are improving the efficiency of electrolyzer by innovating membranes and electrodes significantly.

In order to make the construction work in the desert much easier, much cheaper, we designed a modular prefabricated hydrogen plant.

which makes construction work in the desert as easy as stacking Legos.

And we are also developing AI physical models, starting from predicting weather, wind and solar, to manage grid automatically.

So today,

We are already achieving the lowest cost of green hydrogen and green ammonia in the world.

But there are still some gaps.

I believe within three years, by 2028, we are able to make such a prosperity to great.

Why?

I'm so convinced.

If you look at the last 20 years,

the cost of wind and solar has been reduced 90 percent.

For the last five years, the cost of energy storage has been reduced 90 percent.

At the end of the day, green electricity will still be the majority cost of green hydrogen.

So by combining the significant improvement on the electrolyzer and the hydrogen factory,

we are for sure to achieve such a cause parity.

By the time we achieve cause parity to grade for molecules, it is going to be a milestone for our humanity, because we're going to remove the last bottleneck which is preventing us to unlock tremendous renewable energy.

It's the last bottleneck.

It is going to open the gate to tremendous new possibilities.

Just imagine, as we repeated in the history, within the next 100 years, if we are able to use 100 times more energy, how will the world look like?

We are going to harvest

the super intelligence with AR data center everywhere.

We are going to desalinate seawater and turn the desert into green oasis.

We are going to remove poverty by producing our food and protein in the basement.

we are going for sure to reverse climate crisis by taking carbon from the air and turning it into building materials.

And we are even able to make interstellar traveling as a daily routine.

So where's the answer?

The answer is just right in the heart of the desert.

From the Sahara in Africa to the Middle East, from Australia to Gobi, there is a hundred times more energy than what we need.

It's infinite, green and free.

It's up to our technology.

So, ladies and gentlemen, this natural transition is not a costly burden for us.

It is indeed the one and only pathway for us, for our humanity, to achieve a new great prosperity.

Thank you.