Chongqing - In a recent interview with Bridging News, Dr. Papagrigoriou Pascal, an IT security expert from the University of Bonn, emphasized the significant cooperation opportunities between China and Europe in energy storage technology. New energy storage is crucial for developing a new power system and achieving carbon peak and carbon neutrality goals.

Pascal highlighted that China excels in mass production and rapidly scaling technologies, whereas Europe contributes advanced research along with stringent quality and safety standards. This synergy can result in innovative, high-quality, and cost-effective solutions.

"European companies can gain better access to the vast Chinese market through cooperation, while Chinese companies can benefit from technological expertise and established markets in Europe," he said.

Collaboration in research and development can speed up innovation and lower costs. He believed that creating international standards and regulatory frameworks could harmonize the global energy storage market and ease trade.

Pascal outlined key strategies to advance Europe’s energy sector, such as boosting investments in research and development of new energy storage technologies and solutions. This includes setting up innovation hubs and encouraging collaboration between academia and industry.

Pascal believes that Chinese companies can significantly impact the world through technology transfer, investment, market competition, and knowledge exchange.

China’s mass production and technology scaling expertise can supply capital for large-scale energy projects and R&D initiatives. Additionally, sharing insights from China's rapid energy transition and extensive implementations can benefit Europe’s energy industry.