Swedish furniture maker Ikea announced that its venture capital arm has invested US$2.8 million in Alelion Batteries marking the firm's first investment.
The US is known as a world leader in innovation, but the lack of strong national energy policies and years of weak federal support for clean energy research have opened the door for China to position itself as an emerging leader to watch on clean technology.
According to a new study by the China Greentech Initiative, China couple potentially develop into a $500 billion to $1 trillion a year market for renewable technologies.
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