China s power storage industry

Focusing on China’s energy storage industry, this paper systematically reviews its development trajectory and current status, examines its diverse applications across the power supply and grid, including for users, and explores influencing factors such as energy price. As the global carbon neutrality process accelerates and energy transition continues, the energy storage industry is experiencing unprecedented growth worldwide, emerging as a key strategic sector. 4% from 2025 to 2034, driven by the country’s aggressive push for renewable energy and carbon neutrality. China's power storage capacity is on the cusp of growth, fueled by rapid advances in the renewable energy industry, innovative technologies and ambitious government policies aimed at driving sustainable development, experts said.