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:

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.

Canadian Solar's subsidiary commissions the Papago Storage facility, supplying electricity to Arizona Public Service to meet high summer demand, thus strengthening local energy capacity with a total potential of 1,800 MWh.
EDF Power Solutions has been selected by the Japanese government to build a 110 MW lithium-ion battery after winning a public tender aimed at enhancing the flexibility of the country's electricity grid.
Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
Chinese company HyperStrong and Swedish firm Repono AB announce a strategic agreement to jointly implement large-scale energy storage projects totalling 1.4 GWh in Europe by the end of 2027.
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.
Matrix Renewables and Pioneer Community Energy have signed an energy capacity contract for a 22 MW battery storage project in Kern County, operational from early 2026.
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
Alinta Energy has appointed GenusPlus Group to build the first phase of the Reeves Plains Energy Hub Battery, a high-capacity storage facility designed to support grid stability in South Australia.
A partnership between Indonesia Battery and Contemporary Amperex Technology aims to launch a lithium-ion battery plant in Indonesia by the end of 2026, with a 6.9 gigawatt-hour capacity and planned expansion.
State Grid Wuzhong Power Supply Company announces the completion of the energy storage compartment at Tongli substation, a key step for the upcoming integration of a 300 MW shared storage power plant in Ningxia.
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.
The U.S. energy storage market set a historic record in early 2025, surpassing 2 GW installed in the first quarter despite increasing uncertainty regarding federal fiscal policies and tax credits.
The Sino-Moroccan joint venture COBCO has begun manufacturing essential lithium-ion battery components at its Jorf Lasfar plant, targeting a final annual capacity of 70 GWh, enough to equip one million electric vehicles.
Trianel teams with BKW and Luxcara to build a 900 MW lithium-iron-phosphate storage park in Waltrop, the first phase of a complex that could reach 1.5 GW and stabilise the German grid.
Blue Whale Energy partners with UNIGRID to deploy behind-the-meter storage systems adapted to constrained commercial and industrial urban areas in Southeast Asia.
Northvolt, recently placed under judicial administration, has received an indicative offer from a foreign investor to acquire its Swedish assets, signaling a potential imminent restart of its battery production units.
The frame agreement aligns Jinko ESS’s utility-scale storage technology with Metlen’s development pipeline, unlocking more than 3GWh across Chile and Europe while reducing delivery risk for grid operators.