‘It is anticipated that the installation of large-scale energy storage could reach 53GW/128.6GWh globally in 2024…United States could reach 11.6GW/38.2GWh…China – 24.8GW/55GWh’

Source.

‘Total combined output of power and energy storage batteries in China reached 698.7GWh, marking a 41.6% year-on-year increase. In December, the average price of Chinese energy storage batteries dropped to 0.45 yuan/Wh ($0.063/Wh), experiencing a monthly decline of around 4%.’

Source.

Battery cell pricing in China

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