China’s Wetown Plans To Build a 2GWh per Year Energy Storage Project in Gansu

Wetown Electric Group Co., Ltd. (688226.SHH), China’s supplier of distribution equipment, photovoltaic materials and energy storage systems, plans to invest 300 million yuan (USD 42 million) to build a 2GWh energy storage integrated manufacturing plant in Jiuquan, Gansu Province, China. The project is expected to be completed within a year and will lease 50 Mu (3.3 Hectare) of land and a factory building covering 20,000 square meters.

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