Energy Storage News•about 2 months ago
China leads 29% October global BESS deployments increase
- •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.
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