A team of Chinese engineers and their U.S. peers are currently working on their first commercial-scale energy storage and power generation project in Rudong County, Jiangsu Province, not far from Shanghai. The 100-megawatt-hour undertaking, with over $100 million in investment, is expected to enter operation in 2023.
When referring to it during the Third International Carbon Neutrality and Green Investment Conference in Shanghai on November 8, 2022, Neil Bush, Chairman of the George H.W. Bush Foundation for U.S.-China Relations, said, “To address climate change, we need to see many more such collaborations inviting the best technologies to be applied in China and globally.”
The project, which features giant concrete blocks, uses gravity to store and release
