CATL is a leading battery maker in China
Renewables pairing drives China energy storage growth
Mid-decade storage target within reach despite challenging business model, conference delegates say
China stands a good chance of achieving its near-term goal of raising installed energy storage capacity to 30GW by 2025 as interest in pairing battery storage with renewables projects starts to take off, industry executives say. New draft guidance released in April by China’s National Development and Reform Commission (NDRC) called for an aggregate 30GW of ‘new’ energy storage—taken to mean battery storage—to be installed by mid-decade. This would represent a nearly tenfold jump from about 3GW installed by the end of 2020 and broadly match the pace of 8GW of annual installations expected in the US. “We are transitioning to scaled application from early commercialisation. The goal is challeng
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