Featured in The great integrator – 08-2022

China’s policy-driven battery boom

The rise of electric vehicles brings rapid technological advancement and cost reductions to lithium ion battery manufacturing, which can serve to make batteries more useful and more profitable for the energy storage industry. However, the use of stationary batteries as energy assets is still at a nascent stage. Most markets and business models are immature, and InfoLink analyst Yuan Fang-wei sees policy as the major driving force to lead and stimulate China’s energy storage market.

By

pv magazine

09 Aug 2022

Source: PV InfoLink

As shown in the table (top right), the energy storage market in China can be divided into three segments: front-of-the-meter (FTM), behind-the-meter (BTM), and energy storage targets. For the FTM market, policies cover the integration with renewable energy, feed in tariffs, equipment subsidies, and feed in premiums. For the BTM market, policies focus on equipment …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.