China to Boost Batteries Sector with New Grid Backup Policy

The Chinese government will help underpin the nationwide boom in large-scale batteries by expanding its subsidies for energy storage.

Beijing has for the first time instructed provinces to include batteries in a payment program that’s designed to ensure reliable electricity supplies and enhance the green transition, according to a notice from economic planners late last week. The move could boost revenues and unlock even more growth in an industry already marked as a key driver of economic development.