China’s solar storage batteries continue to surge

China’s solar storage battery sector continues its remarkable recovery, supported by high demand from Europe, as part of recent efforts to move forward with the energy transition, and many European countries have begun to change their decades-old traditional energy model towards sustainable, low-cost renewable energy, along with their high flexibility.

On this trajectory, Europe’s strong demand for solar storage batteries will continue in China, which stores electricity generated by solar home systems for a long time, the Chinese website Yekai Global reported, citing an executive at China’s largest renewable energy company.

The Deputy Director-General of the Energy Storage Division of GCL System Introduction Technology, Cheng Ju, stated that “the boom will last at least 3 to 5 years, even if the Russian-Ukrainian war is not brought to light soon.”

GCL System, which has already exported solar panels to Europe, began breaking into the solar storage battery market early this year (2023).

Essentially, the company supplies electricity to homes in Europe, and the retail price of its products increases by 20%, compared to China’s.

GCL System orders for solar storage batteries jumped more than 4 times during the second quarter of this year (2023), compared to the first quarter, according to Joe.