article thumbnail

Wanxiang and NEC to form joint venture for grid energy storage in China

Green Car Congress

China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market.

article thumbnail

CATL reaches deal to supply energy storage systems to US firm HGP

CN EV Post

This helps meet the growing demand for clean energy in Texas and North America and highlights CATL's and HGP's commitment to achieving sustainable development, the Chinese battery giant said. HGP is based in Dallas, Texas, and has decades of market experience deploying grid investment-grade energy storage assets.

article thumbnail

A123 Systems to supply 2MW Li-ion energy storage system to Ray Power for frequency regulation in China

Green Car Congress

A123 Systems will supply a 2MW grid Li-ion energy storage system to Ray Power Systems Co. a Chinese company focused on developing the frequency regulation market and relevant technologies. —Robert Johnson, vice president of the Energy Solutions Group at A123. —Eldon Mou, CEO of Ray Power.

article thumbnail

GlobalData: Coronavirus threatens China’s battery sector dominance; 26 GWh hit in 2020

Green Car Congress

The coronavirus (COVID-19) outbreak in China will impact the green energy sector, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling, says data and analytics company GlobalData.

2020 292
article thumbnail

China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

Auto 52
article thumbnail

Tesla Shanghai Megafactory in China officially starts construction

Teslarati

The Shanghai Megafactory represents the electric vehicle maker’s first dedicated energy storage facility outside the United States. And considering that the Megapack is designed for grid use , the upcoming facility is poised to play a notable role in the world’s transition to sustainable energy.

China 87
article thumbnail

China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

Auto 52