The company is answering the growing demand for storage systems in virtually all markets. China itself is on a steep trajectory to increase its deployment rate.
Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.
The French oil and gas company will develop the vehicle with engineering compatriot Gaussin. Intended for the Airbus industrial site in Toulouse, the vehicle will be equipped with a lithium-ion battery made by Total subsidiary Saft and will be able to tow two 30-ton fuel tanks.
Saft, a subsidiary of French oil giant Total, is joining forces with Chinese storage specialist Tianneng to grow in China’s energy storage and EV markets. Tianneng will take a 60% stake in the newly created joint venture, with Saft holding the other 40%.
The head of Tokyo Electric Power (TEPCO) has said that the Japanese company remains committed to renewables development, and has vowed to expand the regional utility’s business beyond its home market in the coming years.