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3D rendering of energy storage systems getty The surging demand for energy to fuel the AI boom has boosted shares of energy storage maker Beijing HyperStrong Technology by almost 500% so far this year, and catapulted the company’s founder, Zhang Jianhui, into the billionaire ranks. The 47-year-old, who is HyperStrong’s chairman and CEO, amassed a fortune of $2.1 billion that is largely based on his stake in the Shanghai-listed company, according to Forbes estimates. His wife Xu Rui, also 47, is vice manager at the company and indirectly holds a 1.1% company stake through an investment vehicle, according to stock exchange filings. Her shares are worth about 746 million yuan (about $105 million). HyperStrong is benefiting from a burgeoning market for its products as development of AI-related technologies leads to soaring energy demand, Shen Meng, Beijing-based managing director of boutique investment bank Chanson & Co., says by WeChat. Shen adds that HyperStrong is also riding on the country’s renewable energy boom. As Beijing pushes for further uses of green energy, extra wind or solar output needs to be stored so electricity can be released into power grids when needed. “The company is supported by multiple factors related to the energy and tech sectors,” he says. HyperStrong didn’t respond to a request for comment. It announced on Thursday a purchase agreement with billionaire Robin Zeng’s battery giant Contemporary Amperex Technology (CATL). Under the agreement, the firm will buy 200 gigawatts of batteries from CATL over the next decade to use in its energy storage systems. Shares of HyperStrong soared by its daily trading limit of 20% that day as investors took the deal as another sign of continued strong demand. The company reported sales rose 52.2% year-on-year to 7.9 billion yuan ($1.1 billion) in the first nine months of this year,…

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Filed under: News - @ November 14, 2025 10:24 am