On May 20, JA Solar announced the appointment of Wang Junsheng as president of its energy storage subsidiary, with the appointment taking immediate effect.
Sodium-ion may be increasingly competitive for projects where total lifecycle economics matter more than initial procurement cost alone, the CEO of HyperStrong told us after the system integrator signed a 60GWh supply and co-operation agreement with CATL.
Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.
The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC.