Featured in Material change – 03-2024

Solar giants enter the storage market

Energy storage is the new solar for an increasing number of Chinese PV manufacturers. However, China still requires enabling policies for storage to provide the end-market volumes needed to bolster the fortunes of manufacturers old and new.

By

Vincent Shaw

11 Mar 2024

Image: JinkoSolar

In July 2023, JinkoSolar made headlines by announcing an investment of more than CNY 8.4 billion ($1.17 billion) to establish an electrochemical energy storage factory. It came as a surprise to some that one of China’s PV manufacturing giants has made the strategic decision to invest in battery production.The plant is set to have an …

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