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.

Japanese company AI.net has signed a supply deal with China’s CATL for 1GWh of lithium-ion batteries, marking its entry into large-scale energy storage with a target of 500MW by March 2028.
Canadian group Energy Plug Technologies continues its expansion in the US market with the delivery of a new energy storage system to an industrial client based in the southern region.
Despite the emergence of new storage technologies, lithium-ion batteries retain a dominant position thanks to industrial leadership, improved performance and a high geographic concentration of production capacity.
Envision Energy launches the Gen 8 platform, a modular storage range from 6 to 12 MWh, aiming to optimise energy density, logistical flexibility, and profitability for large-scale projects.
BAK Battery presented in Chongqing its semi-solid batteries ready for industrialisation, with cells reaching up to 390Wh/kg, confirming its strategy focused on scenario-specific adaptation and mass production.
Daiwa Energy & Infrastructure has launched a 38MW grid-scale battery system in Chitose, aiming for commissioning in 2027, as part of its deployment of high-voltage storage assets across Japan.
Menlo Digital has started construction on its MD-DC1 data centre in Herndon, marking a key step in its national development programme exceeding 1.8 GW.
Finnish energy company Vantaan Energia has selected Elisa Industriq’s Gridle service to operate its new energy storage system in Rekola, supporting national grid flexibility.
US-based Eos Energy will supply up to 750 MWh of zinc-based storage systems to MN8 Energy, targeting high-demand projects such as data centres and industrial facilities.
Eos Energy and Talen Energy partner to develop multiple energy storage projects in Pennsylvania to meet rising electricity demand driven by AI and cloud computing growth.
NEO Battery Materials will supply high energy density batteries to a South Korean industrial robotics company under a $2.5M CAD order and joint development agreement over two years.
US-based battery storage developer Bimergen Energy has appointed Cole Johnson and Robert Brilon as co-CEOs to execute a large-scale industrial plan backed by $250 mn in recent funding.
Trina Storage has introduced its new Elementa 3 energy storage system, engineered for the Gulf’s extreme conditions and aimed at boosting energy density while lowering operating costs.
Japanese company Sun Village has connected its first energy storage facility to the grid and formalised a strategic partnership with Marubeni Power Retail to operate the asset on electricity markets.
Lightshift Energy has secured $75mn in funding from KeyBanc to support six operational projects and launch ten more, in response to rising demand for electric storage on the US East Coast.
Austrian battery optimisation specialist enspired enters Japan in partnership with Banpu NEXT, backed by a Series B extension to over €40mn.
Ameresco has completed a 50 MW battery storage system to support Nucor’s expansion in Arizona, marking one of the largest behind-the-meter industrial projects in the United States.
Rondo Energy has launched commercial operations of the world’s largest industrial heat battery, delivering 24-hour steam from off-grid solar power.
SUNOTEC expands in the Bulgarian market with seven projects combining battery and solar, totalling 763 MWh of storage and 115 MWp of photovoltaic capacity.
Danish fund Copenhagen Infrastructure IV transfers half of its stake in the UK-based Coalburn 2 project to AIP Management, strengthening AIP's energy storage portfolio in the United Kingdom.

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.