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China s Battery Power Storage Expected to Grow Tenfold by 2025

China’s Battery Power Storage Expected to Grow Tenfold by 2025 A member of State Grid staff looks at an energy storage facility in Hangzhou on April 7, 2021. Photo: IC Photo With China ramping up its renewables capacity to fulfill Beijing’s carbon reduction pledges, the country’s power storage capacity from batteries is expected to increase tenfold by 2025, which could help defeat the daily feast-famine cycle in wind and solar power output. Total battery capacity for power storage in China through 2025 is predicted to top 35.5 gigawatts (GW), up from 2020’s 3.27 GW in a conservative scenario, according to a report that industry group China Energy Storage Alliance released Wednesday. The forecasted figure could climb further to 55.9 GW if new wind and solar power installations increase significantly over the next five years.

Chemical-Maker Bets on Medical Products Boom With $10 3 Billion Project

Chemical-Maker Bets on Medical Products Boom With $10 3 Billion Project
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