Dear Reader,
Welcome to the February edition of Net Zero Trend’s Monthly Newsletter on China.
Driven by renewable energy and related infrastructure, China’s investment in national key energy projects exceeded CNY 3.5 trillion for the first time in 2025. In January 2026, NDRC and NEA issued the new-type energy storage (NTES) capacity pricing mechanism (Policy No. 114), which for the first time explicitly entitles NTES to capacity payments under a clearly defined calculation framework.
On tech frontiers, Deep Blue Aerospace completed final assembly of its rocket launcher with first-stage recovery, akin to SpaceX’s Falcon 9, while Zhongneng Solar Storage’s perovskite/silicon HJT tandem cell reached a photovoltaic conversion efficiency of 34.07%. Together, these two Wuxi-based companies highlight the city’s dual push in reusable rocketry and space solar tech toward orbital data centers.
In finance, Wuxi LEAD debuted on HKEX, advancing its “A+H” dual-listing strategy and GW-scale intelligent manufacturing equipment. Meanwhile, Pangu is ramping up Na-ion battery production amid surging demand, and Sinoscience Clean Energy secured CNY 500 million in Pre-A++ funding to scale liquid hydrogen and fusion cryogenic systems.
In global collaboration, Changzhou-based Trina Storage announced its backing of a €1 bn EU battery fund with UK-based Gore Street Capital to deploy 12 GWh across Europe, while Envision shipped the first export cargo from the world’s largest off-grid green ammonia project in Chifeng, Inner Mongolia, to Korea.
While humans set new records at the 2026 Winter Olympics, Wuxi-based Magic Atom showcased its robotics at the Lunar New Year Festival Gala: the humanoid robot Z1 completed the world’s first “Thomas 360°” acrobatic move; a 100-robot swarm performed synchronized group-control routines with millisecond-level precision; and its humanoid robots prepared noodles and handed the bowls directly to on-site viewers.
China is at the center of the global energy transition. Its policies and projects are shaping markets and influencing the future. Our mission is to connect policymakers, investors, and innovators with the trends driving China’s climate and energy landscape.
Thank you, and let’s continue tracking China’s path to net zero together.
Until next month,
The Net Zero Trend Team