Hong Kong Earthshot Prize winner GRST to work with Leoch on climate-friendly battery tech
- Hong Kong-listed Leoch is looking for more climate-friendly production technology to meet customers’ sustainability demands, says its chairman and CEO
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“The growth for lithium batteries has been very strong because of new applications, especially for transportation and energy storage,” he said in an interview. “In the telecommunications sector, when procuring energy storage products, all the big companies are asking suppliers to provide their future plans for supply-chain carbon emissions reduction in the next five to 10 years.”
Within the telecoms market where data centre operators require so-called uninterruptible power supply by installing backup batteries, demand for batteries is expected to rise in tandem with data storage demand from the proliferation of artificial intelligence, autonomous driving, and Internet of Things applications.
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In April, GRST and Leoch, which has 10 production bases in China, South Asia and Southeast Asia and generated revenues of 13.5 billion yuan (US$1.86 billion) last year, inked a non-binding agreement to explore potential collaboration.
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