A BESS project in China deployed by Hyperstrong, the largest system integrator in the domestic market. Image: Hyperstrong. China has reached well over 70GW of installed BESS capacity, while DC block prices appear to be ‘stable’, a local metals price agency said.
As of most recent estimates, the cost of a BESS by MW is between $200,000 and $450,000, varying by location, system size, and market conditions. This translates to around $200 - $450 per kWh, though in some markets, prices have dropped as low as $150 per kWh. Key Factors Influencing BESS Prices
In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids were opened on December 4. The tender attracted 76 bidders, with quoted prices ranging from $60.5/kWh to $82/kWh, averaging $66.3/kWh.
Including all energy storage, its total installed capacity is now 137GW, meaning that ‘new energy storage’, mostly BESS, now exceeds its pumped hydro capacity. That is thanks to 43.7GW/109.8GWh of ‘new energy storage’ that was installed in 2024, CNESA said.
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In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented …
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A BESS project in China deployed by Hyperstrong, the largest system integrator in the domestic market. Image: Hyperstrong. China has …
In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative …
A BESS project in China deployed by Hyperstrong, the largest system integrator in the domestic market. Image: Hyperstrong. China has reached well over 70GW of installed …
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