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Policy, costs and reform to power China’s energy storage market future

Wed, 07/17/2019 - 11:25 -- Paul Crompton
Policy, costs and reform to power China’s energy storage market future

China will dominate Asia Pacific’s energy storage market within five years as the country’s installed capacity goes through a rapid expansion, according to industry analysts Wood Mackenzie Power & Renewables.

The country will leap frog its neighbour South Korea to become the number one energy storage market in the region by 2024 with 12.5GW/32GWh of installed capacity— up from 489MW/843MWh in 2017.

 

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