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KX Power

  • UK approves Chinese-backed megabattery project after national security review

    Energy

    The British government has approved a major battery storage facility in the UK, which is backed by a joint venture involving US investment giant Blackrock and KX Power, a UK-registered asset manager with ties to Chinese investors. The UK launched a national security review of the proposed 80-megawatt project, led by former Chinese diplomat Zhe Zhang, [...]

    Sir Keir Starmer's government has prioritised investment data centres as a major pillar of its plans to boost economic growth.

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