The United States and China are in a race to the top of the energy storage game. Last year, the energy storage industry exploded in China, with Wood Mackenzie projecting that the country was poised to completely take over the sector, as its “cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024,” a significant increase ”in the installed base of 25 times.” As Oilprice reported in July, “thanks to the country’s major push for storage deployments in the last year, deploying 580MW (1.14GWh) to reach a cumulative market size of 1.07GW (1.98GWh) in 2018, China has already secured its position as the second biggest energy storage market in the Asia Pacific region in terms of deployment, with South Korea coming in first place.” Since then, a lot has changed. While the U.S. […]