This article only represents the author's own views.
Much has been written about China’s charge into green power, as solar and wind farms spring up at lightning pace across the country in Beijing’s rush to reduce its carbon footprint. But far less is written on the recent rise of energy storage products, which are critical for such plants to store excess power in times of abundance for use when winds ebb or sunlight is scarce. China’s installed renewable energy storage capacity is fast approaching the 70 million kilowatt-mark, representing an important step in the industry’s shift from its singular focus on power generation to integrated development of power generation and energy storage. New technological advances in AI and digitalization are poised to further accelerate energy storage development in China as a group of young new players juices up the field.
One such company, Sigenergy Technology Co. Ltd., is seizing on this latest flavor of new energy technology to launch a Hong Kong IPO, less than three years after its establishment, according to its listing document filed a week ago.