China shines in global energy storage

Nation holds commanding 38% share of sector worldwide

China's energy storage industry has experienced explosive growth in recent years, driven by rapid advancements in technology and increased demand, solidifying its position as a leader in terms of both capacity and innovation, said industry experts.

China now holds a commanding 38 percent share of the global energy storage market, fueled by a surge in new capacity and groundbreaking technological advancements, said the China Energy Storage Alliance.

This growth, driven by China's swift expansion in battery storage and other energy solutions, cements its role as a leader in the sector, said Li Chenfei, senior manager of CNESA.