A California “new energy” company formed in 2023 has drawn the attention of the House Armed Services Committee after a social media post inadvertently linked them to a Chinese military-owned entity on the U.S. government’s sanctions list.
Stored Power Technology, Inc., based in Riverside County, sells (and claims to manufacture) residential and commercial solar energy storage batteries out of their facility, and even managed to get California Treasurer Fiona Ma to attend a presentation by the company’s CEO, Lei “Tony” Cheng in October 2024. The company was formed in California in August 2023, but their online presence didn’t start until July 2024.
But it was an October LinkedIn post that caught the attention of Rep. Abe Hamadeh (R-AZ), a member of the HASC. In that post, SPT announced they’d “been awarded a Bankability Technical Assessment report by DNV, a…
