SolaX Power has announced a $1.5 billion investment to build a research and manufacturing facility in Zhejiang Province, China, aimed at advancing utility energy storage and integrated smart energy systems. Of the total, $1.078 billion will be allocated to fixed assets, including R&D labs, testing facilities, and advanced manufacturing lines, accelerating the development of new technologies.
This expansion not only boosts production capacity but also underscores SolaX’s commitment to innovation and decarbonization. The facility will support the development of smart systems integrating solar power, storage, heating, and EV charging, leveraging AI and IoT for real-time energy optimization.