30 Jul '12, 4pm

How China Will Impact the Grid-Scale Energy Storage Market: In January, BYD captured the world’s attention whe...

How China Will Impact the Grid-Scale Energy Storage Market: In January, BYD captured the world’s attention whe...

Despite high growth, China’s energy storage market will remain in the demonstration market stage for several reasons. China’s grid power market is not yet structured to provide incentives for certain important energy storage applications, and needed reforms may be too complex and far-reaching to implement in the next few years. Chinese power producers and grid operators are just beginning to work with energy storage. Over the next five years, the energy storage market will be driven by policy, which may include feed-in tariffs, large-scale demonstrations, and directives to certain regions and companies to develop the industry further. Attractive applications within China’s energy storage market will differ substantially from the U.S. market. China will emphasize energy-oriented applications over power-oriented applications. An intangible wild card exists within the set of ...

Full article: http://www.greentechmedia.com/articles/read/How-China-Wil...

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