Chinese Premier Wen Jiabao’s calls for Britain and China to work together on the green economy and jointly pursue sustainable development bore fruit yesterday when trade deals worth USD4.3 billion were signed by Wen and British Prime Minister David Cameron.

In another sign of increased economic co-operation between the two nations in the cleantech space, is a UK and Chinese collaboration announced yesterday will deliver the world’s first pilot “cryogenic energy storage” plant in the south-east of the UK.

The system, designed with scientists from the University of Leeds, uses liquefied air to store off-peak energy which the developers say can be used on a utility scale and is significantly cheaper than batteries. The energy storage technology has been developed by UK company Highview Power Storage and the demonstration site in Slough is due to be operational next month.

Read more: http://www.cleanbiz.asia/story/deals-signal-greater-sino-british-co-operation-green-economy