A Chinese lithium-ion battery maker called Qingdao Haiba New Energy Company is opening a production site at Ulan Chab, Inner Mongolia. The new facility will cost CNY1bn (US$163m) and is expected to be complete in 2014.
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European energy storage startups secure €2.14bn
Funding for European energy storage startups has reached €2.14 billion ($2.48bn), underlining the sector’s growing role in renewable integration, grid resilience and energy security.
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