Despite policy changes and uncertainty in the world's two largest markets, the US and China, the sector continues to grow as developers push forward with larger and larger utility-scale projects.. The global energy storage market is poised to hit new heights yet again in 2025. New energy storage also faces high electricity costs, making these storage systems commercially unviable without subsidies. China"s winning bid. . According to CNESA DataLink's Global Energy Storage Database, as of the end of September 2024, the cumulative installed capacity of operational energy storage projects in China reached 111.49 GW.
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