What is China doing with new energy storage?

In just a few short years, China’s scale of new energy storage has ranked first in the world. New models and new business forms are developing vigorously, with smart microgrids, virtual power plants and others entering the fast lane of development.

Can China close Africa's energy gap?

China’s solar industry is keen to close Africa’s energy gap, providing sustainable energy to the millions that don’t have access. For instance, at this year’s Forum on China–Africa Cooperation gathering, China is expected to advance its Africa Solar Belt Programme.

How big is China's energy storage capacity?

Sign up here. Current installed new energy storage capacity, which is made up mostly of lithium-ion battery storage, was 95 GW as of June, the regulator, the National Energy Administration, said in August. China has raced ahead of its energy storage targets in the past.

What are the leading energy storage battery companies in China?

Leading energy storage battery companies in China include BYD (002594.SZ), which is also the country's biggest electric vehicle maker, and CATL (300750.SZ).

Why is Africa so important for green energy?

Africa is home to a lot of the important minerals needed to create renewable technologies – like copper, cobalt and lithium, key ingredients in battery manufacture. The race for green energy is therefore leading to a rush for these minerals in Africa, led by China, the US and Europe.

How have China-Africa relations changed over the past two years?

China-Africa relations have deepened over the past two decades, characterised by increased economic cooperation, investment and infrastructure development. China is now Africa’s largest trading partner, with partnerships focused on building roads, railways and energy projects.