Energy Storage Boom Propels Former Huawei Executive Into Billionaire Ranks

Energy Storage Boom Propels Former Huawei Executive Into Billionaire Ranks
The Middle East conflict, coupled with rising electricity usage due to AI, is boosting demand for energy storage products such as those from China’s Sigenergy Technology. The investor optimism has made founder Xu Yingtong a billionaire with a net worth of $2 billion.