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China Vows Green Energy Boom, Triggering Race For Battery Tech

China Vows Green Energy Boom, Triggering Race For Battery Tech

Ken Silverstein on Forbes outlines the economic opportunities available because of China’s green energy boom.

The C3 Take
  • In order to meet emission reduction goals, China must invest heavily in energy storage technologies.
  • Hydrogen and hydropower offer low carbon energy storage options for renewable energy.

“What this means in practical terms is that the amount of renewable energy that its people and businesses consume will jump to 25%. To that end, President Xi said that the total amount of wind and solar power that China generates will rise exponentially — from 500 million kilowatts to 1.2 billion kilowatts in a decade. To do that, local governments in China need as much as 20% storage capacity. Now that the starting gun has been fired, which technologies have the inside track?”

Read the full article here.

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