VRFB news28 Jun 2023 09:26
Looks interesting:
China’s $7tn energy overhaul sparks battery ‘gold rush’
"Yijing Wang, founder of Hangzhou-based 2060 Advisory, a cleantech-focused investment advisory firm, said there was a “gold rush”, with a “dramatic” increase in the number of entrepreneurs, state-backed and private-sector investors targeting battery technologies and projects.
Energy storage, which includes large battery packs for grid-level storage, is viewed as a key pillar in China’s energy system overhaul after Xi promised to cut net carbon dioxide emissions to nearly zero by 2060 and to hit peak carbon before 2030.
"Goldman Sachs forecasts that energy storage, opened up by China’s energy policies, will be part of a more than $7tn infrastructure investment opportunity through to 2040.
Goldman forecasts that China requires about 520 gigawatts of energy storage by 2030, with as much as 410 gigawatts coming from batteries. That reflects a 70-fold increase from battery storage levels in 2021."