China pauses approvals for new battery storage projects amid overcapacity concerns
- China has paused approvals for new battery storage projects, Cailianshe reports.
- The move comes as China shifts its storage sector from rapid expansion towards better utilisation and returns.
- China has built the world’s largest battery storage fleet, but many batteries remain underused.
- The pause could help curb overcapacity and give existing manufacturers room to improve efficiency.
Source: firstpost.com
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