China has surpassed the United States to become the world’s largest energy user, according to Paris-based International Energy Agency. As a growing Chinese middle class demands cars and homes with modern appliances, it will continue to drive up China’s energy consumption.
Achieving greater energy efficiency has become a top priority of China’s leaders. According to China Daily, China’s state-owned State Grid Corp. plans to invest $586 million constructing smart grids that incorporate wind and solar energy, energy storage, energy transmission monitoring, intelligent substations, and smart meters.
There are plenty of opportunities for Western companies in China’s soaring clean tech industry. Continue reading