China’s energy storage sector saw record-breaking growth in 2024, with battery storage capacity more than doubling in just one year. According to the China Electricity Council (CEC), over 37 GW / 91 GWh of new capacity was added, bringing the total to 62 GW / 141 GWh.
A major shift was seen toward large-scale projects, especially those above 100 MW, which made up 74% of new installations. Most of the new deployments were either standalone systems or paired with renewables—accounting for 95% of the total.
Standalone battery storage led the charge, adding 23 GW (a 150% jump from last year), while renewable-paired systems added 13.1 GW. Performance metrics also improved across the board, with systems becoming more efficient and reliable.
Lithium iron phosphate (LFP) batteries continued to dominate, covering over 96% of the market. Meanwhile, new battery technologies and long-duration storage remain rare, with under 1% market share.
Despite a few integration hiccups in new plants, no major safety issues were reported in 2024—a positive sign for the industry. Market dominance is also increasing, with a few key players like CATL, BYD, and Sungrow leading the way.
With strong policy support expected ahead, China could hit 100 GW of battery storage as early as 2025.
