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Wire · opportunities

Hong Kong tycoon-backed start-up bets on new battery to challenge energy-storage giants

26 September 2026 · By · Wire by Fusion42

Published

26 September 2026

Topic

opportunities

◆ Sectors

Clean Energy

◆ Geography

China

◆ Source

Read at scmp.com →

◆ Verified

Fusion42 · 26 September 2026 · Fusion42 review

EnerVenue, backed by Hong Kong tycoon Peter Lee Ka-kit’s family office, has started manufacturing nickel-hydrogen batteries in eastern China to challenge dominant mainland Chinese energy-storage battery technologies, with plans to expand production substantially by 2027-2028.

This Wire brief sits within Fusion42's coverage of Clean Energy.

◆ ◆ The Wire takeaway

You now face competition that can offer energy storage lasting twice as long and with far greater cycle durability than lithium iron phosphate batteries. If your business involves grid-scale or harsh environment storage, re-evaluate your supply sources before 2027.

◆ Coverage

1 source · 26 Sep 2026

◆ Related on Wire

◆ Topics

Clean Energybattery-innovationenergy-storagenickel-hydrogenchina-energyclean-energy