Energy storage is crucial for China’s green transition, as the country needs an advanced, efficient, and affordable energy storage system to respond to the challenge in power generation. According to Trend Force, China’s energy storage market is expected to break through 100 gigawatt hours (GWh) by 2025. It is set to become the world’s fastest-growing energy storage market, overtaking Europe and the United States.
Why is energy storage important?
Energy storage refers to the process or device that captures energy produced for use at a later time to reduce imbalances between energy demand and production. It can provide a rich spectrum of benefits to the electric grid, to electricity end-users, and to society as a whole. As for China, energy storage offers sustainable solutions for more efficient use of energy.
While China’s renewable energy sector presents vast potential, the…
China’s Energy Storage Sector: Policies and Investment Opportunities
