China’s State Grid Pledges $4.5 Billion for Pumped Hydro in 2026
China’s largest grid operator has pledged to spend 31 billion yuan ($4.5 billion) on pumped hydro storage this year, in support of the company’s plan to lift total capacity by...
By John Liu, Kathy Chen · Bloomberg Markets
China’s largest grid operator has pledged to spend 31 billion yuan ($4.5 billion) on pumped hydro storage this year, in support of the company’s plan to lift total capacity by more than 70% by the end of the decade.