Last year Oilprice reported that the energy storage industry was about to explode in China. We wrote that “China is set to become the single biggest energy storage market in the Asia Pacific region by 2024,” citing a Wood Mackenzie report that said China was in the midst of a global energy storage market takeover with “cumulative energy storage capacity projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024.” Wood Mackenzie also said in the same report, however, that the United States was not far behind, and that China and the United States were “set to dominate with over 54% of the market by 2024 shared between them.” And they were right. This week the Financial Times published an article that proclaims: “ U.S. solar industry powers ahead as investors back batteries .” The boom in the […]