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The Prices of Large Energy Storage Systems Reach Historic Minimums at a Large Auction in China
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The price of large energy storage modules has reached a new historic minimum at the last large auction in China, where more than 70 bidders competed for 25 gigawatt hours of capacity in what has been described as a "decisive moment" for the sector.
China Energy Engineering Corporation (CEEC), a state-owned infrastructure company in China, has just launched one of China's largest energy storage tenders. This ambitious project, which covers 25 GWh of iron phosphate and lithium (LFP) batteries, marks a significant turning point in the country's energy transition. With the sharp fall in LFP battery prices and a booming market, this may well upset international markets. The economic and regulat…
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