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

Hong Kong tycoon-backed start-up bets on new battery to challenge energy-storage giants
South China Morning Post Saturday 26 September 2026, 08:00 UTC By Daniel Ren 1 min read
Key Points

EnerVenue, a start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit, has begun manufacturing a new battery it expects to challenge existing energy-storage technologies dominated by mainland Chinese players, amid surging global demand for green energy. The California-based company can now produce 250 megawatt-hours (MWh) of nickel-hydrogen batteries annually at its factory in Changzhou, in eastern China’s Jiangsu province, and plans to raise...

EnerVenue, a start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit, has begun manufacturing a new battery it expects to challenge existing energy-storage technologies dominated by mainland Chinese players, amid surging global demand for green energy. The California-based company can now produce 250 megawatt-hours (MWh) of nickel-hydrogen batteries annually at its factory in Changzhou, in eastern China’s Jiangsu province, and plans to raise capacity to...
Hong Kong (LOCATION) EnerVenue (ORG) Full Vision Capital (ORG) Peter Lee Ka-kit (PERSON) Chinese (ORG) California (LOCATION) Changzhou (LOCATION) China (LOCATION) Jiangsu (LOCATION)
Originally published by South China Morning Post Read original →

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