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Battery overproduction and overcapacity will shape market dynamics of the energy storage sector in 2024, pressuring prices and providing headwinds for stationary energy storage deployments.
In what is described as the largest energy storage procurement in China''s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids
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In terms of BESS infrastructure in particular and its development timeline, China''s BESS market really saw take of only recently, in 2022, when according to the National Energy Administration
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