A well-connected U.S. firm is using China as a proving ground for its technology that aims to store renewable energy.
Energy Vault's 'Gravity Energy Storage System (GESS)' under construction in Rudong, China, as of September 2023. Credit: Energy Vault
In early November, Energy Vault, a California-based energy storage firm, announced an expansion in China with five new projects deploying the company’s improbable technology: lifting 50,000 pound blocks high in the air to store energy.
That system, a type of what’s called ‘gravity storage,’ is one of many nascent technologies seeking to remedy renewable power’s big drawback: its intermittency. As more wind and solar power is used to power the grid, there is an increasing need global
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After years of planning and investment, robotaxis are finally hitting the road in China. Accidents and the impact of self-driving vehicles on employment remain concerns, but the government remains committed to developing the industry into a global leader.
China’s five-year long property market woes have transformed the sector, but there are signs the government is determined to arrest the slide this year.
The economist explains why local governments’ debt woes are the key to China’s economic issues, and why the country could do with more Taylor Swift concerts.
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