China's battery storage capacity growth likely to slow in 2024

[ASFN Admin]

Growth in China's battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. Under conservative estimates, China will add 30.1GW of new energy storage, primarily lithium ion battery storage, in 2024, down from 34.5GW of new capacity in 2023, according to a China Energy Storage Alliance (CNESA) white paper released on Wednesday.

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