About Beijing-Hong Kong-Macao energy storage container caught fire
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3 FAQs about [Beijing-Hong Kong-Macao energy storage container caught fire]
Are China's energy storage plants being investigated for fire risks?
REUTERS/Kim Hong-ji/File Photo Purchase Licensing Rights BEIJING, July 8 (Reuters) - Chinese authorities are considering ordering large-scale investigations of energy storage plants for fire risks, in a sign of tighter standards for China's booming battery energy storage industry, the 21st Century Business Herald reported on Monday.
Did China's Investment hype cloud the development of battery storage?
Notably, the accident took place just two weeks after a fire broke out in an LG Chem battery unit in S. Korea. Safety is one of the chokepoints of the global development of battery storage. In China, the investment hype on electrochemical energy storage in recent yearsmight have clouded the issue.
Will China's energy storage bloom be disturbed?
China’s energy storage bloom isunlikelyto be disturbed in the long run, but the explosion in Apr. 16 brought clear short-term negative impacts on the nascent battery storage sector. Investment opportunities lie in safer energy storage technology or alternatives, especially those suitable to utility scale and long-form storage.
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