100 billion energy storage park

Is Guangzhou advancing the energy storage industry?

The city government of Guangzhou, Guangdong province, holds a news conference on Aug 15, 2023. [Photo/fgw.gz.gov.cn] The city government of Guangzhou, Guangdong province, issued opinions recently about advancing the new energy storage industry. It aims to lift annual revenues in this field to 100 billion yuan ($13.68 billion) by 2027.

How will a new energy storage industry be supported?

It encourages innovation and lists key technological paths to receive support. Efforts will be made to attract high-level talent and teams, and financial service providers will be encouraged to support the new energy storage industry, Mou said.

How much is China's 'no-zero industrial park' worth?

After more than one year's development since the net-zero industrial park was launched last year, the project currently houses a wind power plant as well as battery and hydrogen energy production, with an estimated annual output value of 100 billion yuan ($14.5 billion), the company added.

How will a net-zero industrial park benefit Ordos?

The integration of green energy, transportation and the chemical industry will help drive the vigorous development of the net-zero industrial park in Ordos, helping the region－which has unique regional advantages due to its rich and affordable renewable energy resources－further tap its potential, said Envision.

What is the world's first net-zero industrial park?

[Photo/China Daily] In Ordos, Inner Mongolia autonomous region, the world's first net-zero industrial park powered by the latest wind, solar and hydrogen power technologies, has been gradually taking shape, helping initiate a new industrial transition in the country and across the world.

Where is Envision Group's Net-Zero industrial park located?

An aerial view of Envision Group's net-zero industrial park located in Ordos, Inner Mongolia autonomous region. [Photo/China Daily]