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TOPIC

Energy storage

Energy storage
Renewable energy production is growing rapidly globally thanks to technological advancement. However, intermittency of solar and wind power output has given rise to big demands for energy storage solutions such as pumped hydro-electric stations, batteries, flywheel and compressed-air energy storage. Energy storage is a key part of the low carbon energy supply system the world aspires to achieve, for cutting greenhouse gas emissions and fighting climate change.
Proceeds will be used to fund the construction of wind and solar projects, according to the company’s prospectus. Photo: Shutterstock
Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

Electric & new energy vehicles

China’s CATL touts landmark energy-storage order for sodium-ion batteries

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Science

China unveils ultra-cheap ‘all-iron flow battery’ for renewable energy storage

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IPO

China’s solar giant Sungrow revives Hong Kong IPO plan amid clean energy boom

Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.

Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Zimbabwe

Tianqi Lithium favours China’s salt lakes over Africa amid resource nationalism

In response to Zimbabwe’s export ban, two Chinese companies have promised to build a domestic lithium sulphate plant.

China energy security

Turning point? Clean energy met 100% of world’s new power needs in 2025: report

World has ‘firmly entered’ the clean growth era, with renewables overtaking coal as a power source for the first time last year, report finds.

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Science

Chinese trucks could go 100% electric, halving road transport oil use: industry

China’s industrial supply chains and engineering expertise provide a distinct competitive advantage, CiDi CEO Albert Hu says.

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Diesel heavy trucks are responsible for about 50 per cent of all diesel and petroleum consumed in China’s road transport sector, according to Sany Truck chairman Liang Linhe. Photo: AFP
China energy security

China’s energy mismatch

China’s renewables drive depends on connecting power-hungry provinces in the south and east with generating regions thousands of kilometres away in the north and west.

Electric & new energy vehicles

China’s lithium giant Ganfeng sees profit jump as EV, ESS battery demand soars

The world’s top lithium producer forecasts a strong turnaround as global decarbonisation and AI-driven energy storage fuel demand.

CATL

CATL market cap tops US$293 billion as shares surge on mining arm

A new investment unit to manage mining assets signals CATL’s deeper shift beyond EV batteries into energy storage.

CATL’s has gained on expectations the Fujian-based company would step up its expansion into energy storage. Photo: Reuters
IPO

Sigenergy jumps 103% in Hong Kong debut on rising energy storage demand

The Shanghai-based firm’s shares closed at HK$659.50, versus its offer price of HK$324.20 after it raised US$560 million from its IPO.

Visitors learn about products at the booth of Sigenergy Technology during the Solar and Storage Live Africa 2026 in Johannesburg, South Africa, on March 25, 2026. Photo: Xinhua
Energy

China’s energy bosses push for tighter rules as overcapacity bites

Calls for tighter approvals highlight how excess capacity is undermining growth despite global demand tailwinds.

Electric & new energy vehicles

China amps up battery buildout to ‘10 times US 2025 capacity’

China’s battery expansion plans highlight a widening gap with the US, as renewable energy demand fuels rapid growth in storage systems.

IPO

China’s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO

The Shanghai-based energy storage systems provider is selling 13.57 million shares at HK$324.20 each.

Sigenergy focuses on stackable solar storage systems. Photo: Xinhua
Australia

Australia receives fuel export guarantees from Singapore, Japan

Australia is seeking to diversify its sources of oil products as a result of the war in Iran and closure of the Strait of Hormuz, including making purchases from the US and Mexico.

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Australia’s Prime Minister Anthony Albanese (right) and Singapore’s Prime Minister Lawrence Wong (left) sign a Comprehensive Strategic Partnership Agreement during a Australia-Singapore Annual Leaders’ Meeting, at Parliament House in Canberra, Australia, on October 8 last year. Photo: EPA-EFE
China energy security

Strait of Hormuz crisis

China remains relatively sheltered by its strategic oil reserves and investment in clean energy, even as Iran’s blockade of the Strait of Hormuz sparks a global energy crisis.

Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Executives project an ‘explosive growth’ in energy storage, with Chinese firms extending their lead amid AI and data centre demand.

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China's space programme

Opinion | Why China’s space-based solar power is the next frontier of green energy

As the race for orbital energy heats up, China’s ambitious plan to build solar stations in space could boost its strategic influence beyond our atmosphere.

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Illustration: Craig Stephens
Extreme weather

‘Flashing red’: UN alarmed as heat trapped by Earth hits record high

UN chief warns of a state of emergency as 2015–2025 is confirmed as the hottest decade on record.

China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

CATL

CATL profit jump fuels Hong Kong battery stocks amid global energy storage boom

The company’s strong results and energy storage push spark gains for battery makers listed in Hong Kong and mainland China.

CATL shares surged 9 per cent on Wednesday, following another 9 per cent gain the previous day. Photo: AFP
CATL

China’s CATL profit surges 42% as global market share soars to all-time high

Surging demand solidifies CATL’s position as world’s top EV battery manufacturer for ninth consecutive year.

CATL’s 2025 sales volume of lithium-ion batteries rose 39 per cent from the previous year. Photo: AFP
US-China relations

In world of crisis, China urged to build deep below its western hinterlands

Critical facilities should be embedded deep beneath the Earth’s surface at a safer, less detectable level, energy expert says.

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India

High tension in India as banks, utilities resist solar shift

India’s efforts to nearly double clean energy capacity to 500 gigawatts by 2030 are being met with reluctance from banks and state utilities.

China energy security

China to dismantle local power protectionism in push to electrify national grid

State Council directive eyes unified power market, curbing provincial fragmentation to boost green energy expansion and optimise resource flow.

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Workers are seen at a power substation in China’s Hebei province. Photo: Xinhua
China’s carbon neutral goal

Green gambit sees China turn old oil pipeline into new carbon highway

Successful 27km trial unlocks vast carbon dioxide transport potential, bridging geographical gaps to accelerate a process seen as vital to large-scale decarbonisation.

China has successfully repurposed a long-haul oil pipeline to transport carbon dioxide. Photo: CCTV
Energy

Opinion | Clean energy works at scale. Now it must be coordinated

The next decade will be defined not only by new clean energy capacity, but by how well grids, storage and demand systems are connected and optimised.

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China exports

Goodwill or necessity? Why is China slashing solar and battery subsidies?

Analysts expect policy will signal to Europe that Beijing is interested in serious trade relations and is a good partner.

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