Nation to become a global energy storage powerhouse

Growth to be fueled by market demand and supportive government policies

China's energy storage industry is set to experience significant growth through 2027, fueled 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.

"Key developments in energy storage technologies will play a pivotal role in integrating renewable energy sources and smart grids, thus enhancing the overall flexibility and efficiency of China's energy system," said Fei Zhi, vice-chairman of GCL Group.