Full Breakdown
Hong Kong-Backed EnerVenue Begins Large-Scale Nickel-Hydrogen Battery Production in China
By Drooid · · How we work
Core Development: New Battery Manufacturing Facility
EnerVenue, a start-up co-founded by Full Vision Capital—the family office of Hong Kong tycoon Peter Lee Ka-kit—has started commercial output of nickel-hydrogen batteries at its plant in Changzhou, Jiangsu province. The factory, operated by a California-based entity, is positioned to challenge the dominance of mainland Chinese energy-storage manufacturers.
Market Context: Rising Global Demand for Energy Storage
Global demand for green-energy storage solutions is accelerating as renewable power expands. Existing storage technologies are largely supplied by Chinese firms, creating a competitive landscape in which new chemistries such as nickel-hydrogen aim to offer higher energy density and longer cycle life.
Key Players
- Peter Lee Ka-kit – Hong Kong entrepreneur; family office Full Vision Capital backs EnerVenue.
- Henning Rath – Chief Executive Officer of EnerVenue, leading the company’s market entry.
Production Capacity and Expansion Plans
The Changzhou plant currently produces 250 megawatt-hours (MWh) of nickel-hydrogen batteries each year. EnerVenue has announced a target to increase output to one gigawatt-hour (GWh) by 2027, reflecting a four-fold scale-up intended to meet expanding market needs.
Verbatim Quotes
- “In this [energy-storage] segment, we believe we are very competitive across the board on key metrics,” — CEO Henning Rath — Henning Rath, CEO of EnerVenue.