China Eyes 180 GW Energy Storage Goal By 2027
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China aims to boost its energy storage capacity to 180 GW by 2027, nearly doubling its current capacity of 95 GW. This initiative, announced by the country's economic planner, is expected to attract around 250 billion yuan ($35 billion) in investments, benefiting major players like BYD and CATL. The plan underscores China's commitment to enhancing its renewable energy infrastructure and ensuring reliable storage for solar and wind energy.
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