IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v18y2025i6p1512-d1615278.html
   My bibliography  Save this article

A Review of the Development of the Energy Storage Industry in China: Challenges and Opportunities

Author

Listed:
  • Feng Wang

    (School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710049, China)

  • Yongxuan Xue

    (School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710049, China)

Abstract

As the global carbon neutrality process accelerates and energy transition continues, the energy storage industry is experiencing unprecedented growth worldwide, emerging as a key strategic sector. Focusing on China’s energy storage industry, this paper systematically reviews its development trajectory and current status, examines its diverse applications across the power supply and grid, including for users, and explores influencing factors such as energy price fluctuations, policy support, and market mechanisms. Furthermore, this paper assesses the industry’s profound economic and social impacts, highlighting its crucial role in advancing energy structure transformation and fostering the new energy vehicle sector. Despite challenges such as structural overcapacity, high storage costs, and an underdeveloped power market, continuous technological advancements, rapid expansion of new energy capacity, and strengthened policy support present numerous growth opportunities for the industry. This paper reviews the existing literature and offers policy recommendations that include constructing a more comprehensive policy framework, fostering the energy storage recycling market, and leveraging AI in energy storage R&D.

Suggested Citation

  • Feng Wang & Yongxuan Xue, 2025. "A Review of the Development of the Energy Storage Industry in China: Challenges and Opportunities," Energies, MDPI, vol. 18(6), pages 1-21, March.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:6:p:1512-:d:1615278
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/18/6/1512/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/18/6/1512/
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2025:i:6:p:1512-:d:1615278. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.