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.
Authorities announced on Friday China will cancel export VAT rebates for solar panels and lower rebates for batteries from 9 per cent to 6 per cent from April 1. The rebates for batteries will be cancelled on January 1, 2027. Photo: VCG via Getty Images
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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China Future Tech briefing

New Energy | China AI, mega-batteries stoke renewables power drive

Science

China to power up world’s largest ‘super-cold air battery’ in the Gobi Desert

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Made in China 2025

Can rising lithium costs save China’s energy storage firms from a price war?

China’s battery makers raise prices amid lithium rebound and global AI energy demand.

Deegares says it is raising prices of lithium batteries by 15 per cent. Photo: Handout
Electric & new energy vehicles

Opinion | Battery revolution set to spark Global South’s century of prosperity

The rise of the sodium-ion battery promises to supercharge a green energy transition that will help level the global playing field.

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Climate change

Opinion | How Cop30 laid bare the new geopolitics of climate action

Fractures, even among the Global South, show the energy transition is not just a technical challenge but a deeply political negotiation.

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Science

Amid global fusion energy race, Europe’s top nuclear minds are betting on China

Frustrated by Western delays, top scientists have joined China’s BEST fusion project as it nears ‘uncharted territory’.

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Targeted for completion in 2027, the Burning Plasma Experimental Superconducting Tokamak (BEST) in Hefei is rapidly attracting international talent frustrated by slow progress elsewhere. Photo: Xinhua
Hong Kong society

Letters | Fintech is moving fast. Gen Z’s financial literacy must keep pace

Readers discuss the need to get the basics right in financial education, introducing means testing for electricity subsidy, and an unexpected encounter with American spelling in Hong Kong.

Energy

Letters | Southeast Asia must find its own path to sustainability, as China has

Readers discuss the different pathways to building energy resilience, the worth of investing in youth basketball, and the media hype over Trudeau and Perry dating.

Business of climate change

This Hong Kong start-up helps us see ‘the colour of the wind’ in 3D

The start-up aims to launch a pair of satellites within the next 18 months, followed by another five to create a constellation.

(From left) Stellerus Technology vice-chairman and CEO David Liu, chief technology officer Jeffrey Xu, chairwoman and co-founder Su Hui and HKUST’s director of digital cities and smart hazard mitigation laboratory Limin Zhang. Photo: Edmond So
Energy

Letters | Asia can’t sit back as China wins the next-gen battery race

Readers discuss the risk of a new energy dependency, Nobel Prize-winning insights on ‘creative destruction’, and access to West Kowloon.

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Visitors look at two-wheeled electric vehicles by Yadea at the Indonesia International Motor Show 2025 in Jakarta on November 14. Chinese companies like Yadea are starting to roll out alternative batteries like sodium-ion or salt batteries. Photo: AFP
China energy security

Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Global hiring spree sees million-yuan salaries become the norm, but long-term prospects of smaller players called into question.

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Science

China unleashes battery export controls amid strides in solid-state science

Analysts say the measures are meant to consolidate China’s advantage in the lithium battery industry and slow the progress of competitors.

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Business of climate change

China’s clean-energy stocks closing gap with global renewables surge

Policy tailwinds could help Chinese solar and energy-storage shares catch up with a global gold-beating rally, analysts say.

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Solar panels and wind turbines are seen at the Huaneng Binzhou new energy power generation project in Binzhou, in China’s eastern Shandong province, on June 11, 2025. Photo: AFP
IPO

Chinese solar inverter and energy storage giant Sungrow seeks Hong Kong IPO

Sungrow’s filing comes amid the Trump administration’s roll-out of new import tariffs covering China-made solar energy products.

There were between 150 and 200 companies in Hong Kong’s initial public offering pipeline as of May. Photo: Sun Yeung
China exports

China’s cleantech creating ‘new global energy system’ as exports soar: report

Demand for clean technology is ‘skyrocketing’, especially in Global South, as China drives creation of cheaper solutions, report says.

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Business of climate change

Hong Kong shipper Wah Kwong joins push for greener energy at ports

Firm enters joint venture to cut diesel emissions by building onshore power hookups for ships in ports.

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Science

Hydride ion battery breakthrough: Chinese team hits 6x capacity of lithium ion

Rechargeable, room-temperature stable battery possible using rare earth-based battery electrolyte harnessing hydride ions: Nature paper.

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Chinese scientists say they have created a new type of battery that might offer a safer alternative to conventional lithium-based batteries. Photo: CCTV
Business of climate change

Hong Kong’s Templewater links Asia’s robust EV growth with Middle East’s clean-energy demand

Private equity firm sees EV and energy-storage opportunities as Middle East shifts away from traditional oil reliance.

China energy security

Already world’s top energy-storing nation, China to supercharge capacity by 2027

New plan calls for expansion of energy-storage applications, including more projects in desert areas and at retired coal-fired power plant sites.

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Science

Europe power guru Wang Xiongfei brings grid stability expertise home to China

The newly appointed Xinghua chair professor at Tsinghua University remains involved in six European research projects.

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Wang Xiongfei, who has joined Tsinghua University, has led more than 40 research projects funded by the EU, Denmark, Sweden and has collaborated with grid companies. Photo: Handout
United States

Opinion | Why Trump is attacking China’s dominance in humble graphite

Anti-dumping duty recognises China’s control of the carbon mineral and its growing importance in the batteries powering the future.

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Employees produce graphene lubricating oil at a workshop in Hegang city, Heilongjiang province, on December 8, 2022. Hegang is rich in graphite resources with an annual production capacity of 6 million tonnes of ore. Photo: Xinhua
China stock market

China’s mega dam project in Tibet sparks hydropower stock surge

The investment is set to benefit hydropower plant and grid equipment makers, but some analysts warn that market enthusiasm may wane soon.

Hong Kong economy

Opinion | Hong Kong must ensure it’s in the engine room financing future tech

Only with purposeful planning and coordinated policies can Hong Kong’s capital markets act as levers for innovation.

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Business of climate change

Envision launches world’s largest green hydrogen plant in Inner Mongolia

The plant, capable of producing 320,000 tonnes per year of green ammonia, will be scaled up to 1.5 million tonnes a year by 2028.

A truck carrying green ammonia leaves Envision’s facility in Inner Mongolia. Photo: Handout
China energy security

Clean and green: China’s strategic energy investments fuel renewable sector

A transition to clean energy is channelling funds into related investments, and the Paris-based IEA assesses the state of the world’s energy industry.

A farmer works on July 3 amid photovoltaic panels at a solar power station in the Yi-Hui-Miao autonomous county of southwest China’s Guizhou province. Photo: Xinhua
China Future Tech briefing

EVs | China plugs into next-generation batteries

Sodium-ion and solid-state batteries are emerging technologies for powering electric vehicles and storing electricity. China has made big advances on both.

Business of climate change

China spins up offshore wind energy as Beijing promotes marine economy

Country on track to double offshore capacity additions this year, report from Global Energy Monitor says.

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