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:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

California-based Korbel Winery is now equipped with an integrated energy storage and intelligent control system, installed by Energy Toolbase and BPi, to optimise usage and address local grid constraints.
The 200 MW Greenwater battery storage project enters execution phase following a $400mn bank financing, marking a strategic milestone in the Pacific Northwest’s energy infrastructure development.
Solar with batteries becomes a bankability lever in three key ASEAN markets, where the focus shifts from cost reduction to the monetisation of energy flexibility.
Energy group RWE launches construction of its largest UK storage system, with 700 MWh capacity, at its Pembroke power station in Wales.
The Australian government opens Tender 8 to secure 16 GWh of storage, for the first time including aggregated portfolios of 5 to 30 MW within the National Electricity Market.
With a strategic investment in a 200 MWh facility, European Energy strengthens its industrial position in Denmark and energises the Nordic battery storage market.
The Spanish renewable energy producer significantly increased its investments and revenue while achieving more than half of its asset rotation target for the 2025–2027 period.
Chinese manufacturer EVE Energy has signed a three-year memorandum of understanding with Sweden’s Vimab BESS AB to supply batteries and energy storage solutions in Northern Europe.
Huawei's full-lifecycle battery safety rating system has been officially validated by a national technical committee, marking a key milestone for large-scale energy storage deployment.
AMPYR Australia and InCommodities have signed a 15-year partnership for the Bulabul BESS project, marking the Danish trader’s first long-term commitment in the Australian energy storage market.
Tokyo Gas and Okaya & Co. will begin construction in December 2025 of a 25 MW/75 MWh battery energy storage system in Hokkaido, with commercial operations expected in 2028 or later.
US-based CETY has been awarded a $10mn contract to build a battery energy storage system in New York State, marking the first in a series of planned installations across the region.
French energy group Engie wins its second-largest global battery storage project with a capacity of 280 MW, awarded by a state-owned company in Gujarat, India.
Nostromo’s IceBrick system becomes the first behind-the-meter thermal storage device to participate in California’s wholesale energy market, in partnership with Olivine, marking a milestone for commercial buildings.
Pacific Green has received approval from the Victorian government for its second energy storage park in Australia, a 1GW project to be developed over 36 months in Portland’s industrial zone.
TagEnergy launches a 150 MW storage project at the Golden Plains wind farm site, strengthening its investment strategy in Australia's energy infrastructure.
CATL, Sun Village and Marubeni Power Retail have signed an agreement to develop 2.4GWh of grid-scale storage capacity in Japan, without a defined schedule, leveraging investment, construction and commercial management synergies.
Northland Power has acquired two energy storage projects in Poland from Greenvolt Power Group, consolidating a strategic partnership in a transitioning market.
The global battery energy storage systems market anticipates 28.8% annual growth through 2033, supported by industrial electrification, government incentives and grid modernisation efforts.
Group1 and Michigan Potash & Salt Company have signed an agreement to create a domestic potassium-based battery supply chain, relying on local mining and production free from critical metals.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.