China stocks slump, solar power battery innovations

The current nosedive in the Chinese stock market is causing such a panic by investors that the government has intervened to restore stability. After rising 150% in the year leading up to June 2015, share prices have now fallen 30% in just 3 weeks. So far efforts by China’s government, regulators and financial institutions have failed to reassure investors. a London based business startup is to launch Powervault, a new type of battery that can store power generated by solar panels. A key advantage is that energy generated during the working day can now be used when the occupants are at home in the evening. An estimated 650,000 homes in the UK have been fitted with solar panels since 2010 creating a new market.