(Yicai Global) Nov. 11 — Although battery storage power stations are on the rise in China, largely driven by their role in stabilizing the intermittent energy supply generated by renewable energies, the relentless rise of the cost of batteries is putting a damper on the sector, Yicai Global has learned.
Battery costs keep increasing as the price of raw materials goes up and concerns about the profitability of battery power plants are causing commissioners to take a wait-and-see stance, industry insiders said to Yicai Global. Batteries account for between 50 percent and 60 percent of the total cost of such stations.
“We were recently contacted by a business that wanted to cooperate with us on new style energy storage stations, but we had to stay cautious due to the very high battery prices,” Hu Esheng, director of the China Photovoltaic Industry Association and market director at…
Soaring Battery Costs Hold Back China’s Energy Storage Power Station Sector
