Energy Storage News•about 1 month ago
China leads 29% October global BESS deployments increase
Key Takeaway
China's overwhelming lead in global BESS deployments underscores the rapid maturation and scaling of battery storage technology, indicating potential for lower costs and greater availability for developers and large power consumers.
AI Summary
- •Global grid-scale Battery Energy Storage System (BESS) deployments saw a significant 29% increase in October, with 4.5GW/12.7GWh coming online.
- •China was the dominant force, accounting for nearly 70% of all new grid-scale BESS capacity deployed globally last month.
- •This rapid expansion in China signals a maturing BESS market, potentially leading to further cost reductions and increased supply chain efficiency for developers and large power consumers worldwide.
Topics
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