China Reviews Energy Storage Capacity, Halts New Project Approvals
Chinese authorities are conducting a comprehensive review of existing and planned energy storage capacity amid rising oversupply risks, and have temporarily suspended approvals for new capacity projects. Projects still in the planning stage and not yet under construction will face delays, while those already registered and underway remain unaffected. Battery cells are a key focus of the review.
Amid intensifying risks of overcapacity in the energy storage industry, Chinese authorities are conducting a comprehensive review of existing and planned energy storage capacity and have temporarily suspended approvals for new capacity projects. Energy storage battery cells are among the key areas under review.
Projects that are still in the planning stage and have not yet officially commenced construction will see approvals and progress deferred, while projects that have already been registered and are under construction will not be affected.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Batteries & Energy Storage, with intensity 75/100 and 82% confidence over a medium term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.