China’s energy storage sector is rapidly expanding. As a solution to balancing the country’s growing energy needs and mass renewable energy production, the industry has attracted investments worth hundreds of billions of yuan (tens of billions of dollars).
This has seen China become the world’s largest market for energy storage deployment. Its capacity of “new type” energy storage systems, such as batteries, quadrupled in 2023 alone.
This rapid growth, however, has caused other problems, such as what one analyst described as “temporary structural overcapacity” and low utilisation.
Carbon Brief explores how China has been driving the sector forwards and how it fits into the nation’s wider energy transition.
For more information and CarbonBrief Q&A, please see here.