Key Government Renewable Energy Projects. In accordance with the Hong Kong''s Climate Action Plan 2050 promulgated in October 2021, the Government is grappling with Hong Kong''s geographical and environmental constraints in
CATL plans to invest no less than HK$ 1.2 billion and will recruit 500 R&D talent to promote new energy technology innovation, nurturing talent, and embark on market expansion, to further drive sustainable development in
The Store Friendly Self Storage Group was first established in the year of 2002. Up until now, our storage group has established an operation network of more than 80 mini storage Hong Kong
BESS is the first high voltage battery energy storage system in Hong Kong. Throughout the project stages from feasibility study and design to installation, testing and commissioning, the team has made concerted effort to liaise and
The Hong Kong University of Science and Technology (HKUST) is at the global forefront for the development of an e-fuel energy storage technology that will revolutionize the way energy is currently stored, and open
Lithium-ion batteries are effective for short-term energy storage capacity (typically up to four hours), but other energy storage systems will be needed for medium- and long-term storage
Although energy storage is a relatively new asset class, it is already displaying attractive investment characteristics for different types of investors. It provides an essential service, has
December 20, 2023: Chinese battery giant Contemporary Amperex Technology (CATL) is to set up a major R&D hub in Hong Kong as part of plans to invest HK$1.2 billion ($154 million) to promote new energy technology innovation
In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.
However, the scale of new independent energy storage stations put into operation in China in the first three quarters of 2022 was approximately 345.5MW, which was significantly lower than planned or under construction stations. The main reason for this may be that investors lack motivation.
Recently, new energy vehicle technology enterprises such as NETA Auto, J 2 Semiconductor and Horizon Robotics have also joined Hong Kong Science Park.
In terms of output, global residential energy storage shipments in 2020 reached 4.44GWh, a year-on-year increase of 44.2%, with Europe and the US being the top players. In the European market, Germany recorded the fastest growth.
Together with CATL, the R&D of EVs and intelligent driving in Hong Kong forms a comprehensive value chain and a strong clustering effect to jointly promote the development of Hong Kong's microelectronics and intelligent vehicle ecosystem with HKSTP.
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