Products of Talent New Energy Co. [Photo/liangjiang.gov.cn]

Over the first half of this year, Liangjiang New Area in Southwest China's Chongqing municipality signed a slew of energy storage project agreements, whose worth totaled 9.6 billion yuan ($1.34 billion).

The new-type energy storage sector supports the new-type power system, and is significant in achieving the dual carbon goals.

To promote the sector's long-term prosperity, the new area's government has rolled out particular policies for energy storage enterprises and projects, stating that these projects will receive bonuses of up to 5 million yuan and electricity bill subsidies.

The investment promotion team in Liangjiang is wholly dedicated to the solid-state battery layout, while simultaneously nurturing and fostering the potential growth of unicorn companies within this innovative field. For instance, the team has employed remarkable efforts to guarantee the prompt commencement of the Talent New Energy Co's second-phase project investment.