In 2023, the pumped hydro received the highest investment among all energy storage industry segments in China. A total of 47 billion U.S. dollars was allocated towards hydro storage. However, grid connected batteries and battery manufacturing were the fasted growing segments, receiving 364 percent and 116 percent higher investments than in the previous year, respectively.
Leading energy storage segments in China in 2023, based on investment value
(in billion U.S. dollars)
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Carbon Brief. (January 25, 2024). Leading energy storage segments in China in 2023, based on investment value (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/
Carbon Brief. "Leading energy storage segments in China in 2023, based on investment value (in billion U.S. dollars)." Chart. January 25, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/
Carbon Brief. (2024). Leading energy storage segments in China in 2023, based on investment value (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/
Carbon Brief. "Leading Energy Storage Segments in China in 2023, Based on Investment Value (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Jan 2024, https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/
Carbon Brief, Leading energy storage segments in China in 2023, based on investment value (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/ (last visited January 06, 2025)
Leading energy storage segments in China in 2023, based on investment value (in billion U.S. dollars) [Graph], Carbon Brief, January 25, 2024. [Online]. Available: https://www.statista.com/statistics/1465042/china-investment-value-of-leading-energy-storage-segments/
