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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.
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
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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China energy security

China’s energy mismatch

Electric & new energy vehicles

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

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.

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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.

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.

Strait of Hormuz 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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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.

An oil tanker is guided to a berth at a port in Qingdao, Shandong province. China has oil reserves of 1.3 billion barrels, enough for four months of supply, according to UBS Group and S&P Global. Photo: AFP
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.

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.

Employees inspect photovoltaic cells used in solar panels at an Adani Group factory in Mundra, India, on November 5, 2025. Photo: AFP
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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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.

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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Staff members of the State Grid Yantai electric power supply company work at an offshore photovoltaic power project in the waters of Zhaoyuan city, eastern China’s Shandong province on November 15, 2024. Photo: Xinhua
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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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 Future Tech briefing

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

Artificial intelligence, new energy-storage facilities and power lines stretching across the country are helping China boost energy efficiency and take advantage of its renewable power resources.

Science

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

Facility runs for 10 hours straight and will produce 180 million kilowatt-hours of electricity a year, powering 30,000 homes.

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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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Workers inspect solar panels, an increasingly popular sustainable energy option for homes and businesses to generate electricity, in Mosul, Iraq, on July 9. Photo: Reuters
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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