China set to become a global powerhouse in energy storage


China plans to cultivate three to five leading energy storage enterprises by 2027. — Xinhua

Beijing: China’s energy storage industry is set to experience significant growth through 2027, fuelled by a combination of growing market demand and supportive government policies, according to industry experts and company executives.

The country’s new energy-storage sector, which is currently in its early stages, is expected to evolve from a nascent market player to a global leader in the coming years, they said.

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