SolaX Power Invests 1.498 Billion USD in Energy Storage in China

SolaX Power announces a 1.498 billion USD investment to develop a smart energy storage facility in Zhejiang Province, strengthening its role in the global energy transition.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

SolaX Power, a global leader in energy storage solutions, has announced a significant investment of 1.498 billion USD to create a cutting-edge research and manufacturing facility in China. This ambitious project will focus on utility-scale energy storage and integrated smart energy systems, illustrating SolaX’s commitment to promoting a global shift towards cleaner energy.

This new investment comes at a critical time when the expansion of renewable energy requires robust storage solutions to ensure the resilience and sustainability of power grids. The ability to store and deploy energy efficiently is becoming essential, especially with the growth of solar and wind energy. SolaX aims to meet this growing demand by providing advanced storage solutions that support both commercial and utility sectors.

Strengthening Innovation in Energy Storage

By expanding its production capacity, SolaX positions itself as a leader in energy storage innovation. The solutions proposed by the company aim to enhance grid stability and energy independence, which are key components for achieving global decarbonization goals. The 1.498 billion USD investment will primarily be allocated to fixed assets, including research and development (R&D) laboratories, testing centers, and high-tech manufacturing lines. These infrastructures will accelerate SolaX’s innovation pipeline, facilitating the rapid launch of new technologies to the market while optimizing product efficiency and scalability.

Expansion of Research and Production Capacities

The deployment of new R&D and manufacturing facilities reflects SolaX’s commitment to pushing the technological boundaries in energy storage. These new capabilities will not only increase production but also improve the quality and performance of the solutions offered. By investing heavily in these infrastructures, SolaX demonstrates its dedication to delivering cutting-edge products that meet the evolving needs of the global energy market.

Smart and Sustainable Energy Systems

In addition to storage, SolaX’s new facility will also focus on developing smart energy systems that integrate solar power, storage, heating, and electric vehicle (EV) charging. By leveraging artificial intelligence (AI), the Internet of Things (IoT), and big data, SolaX aims to create systems that optimize energy usage in real time. This will enable more flexible and user-friendly energy management, promoting a decentralized approach to energy management.

Impact on Decentralized Energy Management

These smart systems will play a crucial role in the future of decentralized energy management, offering users greater control over their energy consumption and reducing reliance on traditional grids. By integrating various energy sources and optimizing their use, SolaX contributes to the creation of more resilient and sustainable energy solutions. This innovative approach aligns with current trends aimed at decentralizing and diversifying energy sources for greater efficiency and sustainability.

Commitment to the Global Energy Transition

SolaX’s investment in energy storage and smart systems underlines its pioneering role in the global energy transition. By developing advanced solutions that address the current challenges of renewable energy, SolaX significantly contributes to achieving sustainability and carbon reduction goals. This commitment also strengthens SolaX’s position in the international market, enabling the company to effectively meet the diverse needs of its clients and partners worldwide.

A long-term tolling agreement between Zelestra and BKW targets the construction of a 2 GWh battery energy storage system in northern Italy, with full commissioning scheduled for 2028.
Scottish developer Fidra Energy reaches financial close on its Thorpe Marsh site, with equity funding led by EIG and the UK’s National Wealth Fund, marking a significant step in the UK’s energy storage sector.
Grenergy has secured $270mn in non-recourse financing to install 3.5 GWh of batteries in Phase 6 of the Oasis de Atacama project, marking a major step in expanding its energy storage capacity in Chile.
Eos Energy rolls out DawnOS, a U.S.-developed control software platform designed to maximise performance and security across Eos Z3 storage systems.
StarCharge has signed a contract to supply 1 GWh of battery energy storage systems to Prozeal Green Energy, strengthening its presence in the Indian market and continuing its international expansion.
Kallista Energy has entrusted ENGIE with the commercial operation of its first BESS site in Saleux, with a capacity of 120 MW, scheduled for commissioning by the end of 2026.
Dutch company PowerField has launched a fully automated frequency reserve service, integrating solar generation, battery storage and trading, with initial operations validated by grid operator TenneT.
Following its acquisition of Northvolt’s assets, US-based Lyten has appointed several former executives of the Swedish battery maker to key roles to restart production in Europe.
US-based contractor TruGrid has completed three battery installations in Texas ahead of schedule and within budget, despite weather disruptions and logistical challenges that typically impact such projects.
GazelEnergie plans to build a data center at its coal-fired plant in Saint-Avold, with commissioning expected in 2028 and a capacity of 300 MW.
Ormat Technologies has begun commercial operation of its new energy storage facility in Texas, alongside a seven-year tolling agreement and a hybrid tax equity deal with Morgan Stanley Renewables.
German grid operators face a surge in battery storage connection requests, driven by a flawed approval process.
TWAICE will equip four energy storage sites in Southern California with its analytics platform, supporting operator Fullmark Energy in CAISO market compliance and performance optimisation.
CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
EdgeConneX has acquired a second site in the Osaka region, bringing its total capacity to 350MW to support the growth of the Cloud and AI market in Japan.
Driven by grid flexibility demand and utility investments, the global containerized BESS market will grow at an annual rate of 20.9% through 2030.
The American battery materials manufacturer, Group14, finalizes a $463 million fundraising round and acquires full ownership of its South Korean joint venture from conglomerate SK Inc.
Energy Plug Technologies partnered with GGVentures to deliver three energy storage systems to the U.S. construction sector, marking its first commercial breakthrough in this strategic market.
HD Renewable Energy has completed the connection of its Helios storage system to the Hokkaido grid. The 50 MW project is expected to enter commercial operation by the end of 2025, targeting multiple segments of the Japanese electricity market.
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.

Log in to read this article

You'll also have access to a selection of our best content.