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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.
China’s battery dominance
Electric & new energy vehicles

China’s battery dominance

Chinese companies dominate the global supply of lithium batteries for electric vehicles and energy storage systems and are driving the next stage of battery development.

Science

New Energy | China’s new battery tech set to turbocharge EVs, energy storage

Science

Why wind and solar power is going to ‘waste’ in China in the global energy crisis

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Malaysia

Malaysia taps Hong Kong battery firm to power ambitions for electricity grid

The deal will help tackle solar storage challenges and comes as Malaysia prepares to roll out its first major grid-scale battery procurement.

Syed Mohd Hafiz Syed Mohd of Mikro MSC Berhad (left) shakes hands with William Wang, vice-president of Hong Kong Cospower Technology, in the presence of Malaysia’s Deputy Prime Minister Fadillah Yusof during the signing of a strategic partnership to support Malaysia’s energy transition on Wednesday. Photo: Handout
Environment

Video | Are we on the verge of another nuclear age?

Industry leaders predict China will become the world’s largest nuclear power producer by 2030.

CATL

CATL set to boost global energy storage with world’s largest testing facility

The firm says it has completed a 3 billion yuan research facility for testing energy storage systems.

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China energy security

China’s energy security plan expands south: how Hainan is becoming an LNG hub

Global supply shocks have intensified in recent months – reaffirming Beijing’s years-long strategy.

China’s first bonded LNG terminal, in Hainan, could turn the island province into a regional energy hub. Photo: CCTV
Business of climate change

Canadian Solar elevates Hong Kong role amid industry slump, geopolitical strain

Energy storage unit EP Cube eyes Hong Kong hiring and potential IPO as the group expands into higher-value markets.

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

Deal for massive grid storage system shows that CATL has ‘overcome all the challenges in mass-producing sodium-ion batteries’, company says.

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Electricity arcs in a cold-environment demonstration of CATL’s sodium-ion battery technology during Auto China 2026 in Beijing on April 25, 2026. Photo: AP Photo
Science

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

Next-generation large-scale energy storage system promises ultra-low cost and record lifespan.

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A close-up view of multiple battery energy storage system (BESS) containers in utility installation. They are designed to support renewable integration, load balancing and grid electricity. Photo: Handout
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.

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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Workers install solar panels in China’s eastern Jiangsu province. Photo: Reuters
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.

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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.

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.

An employee works on the production line at FoxESS, a global leader in the development of inverter and energy storage solutions. Photo: Getty Images
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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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.

AI computing and data centre demand are new power consumption drivers, according to Ganfeng Lithium. Photo: Getty Images
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.

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