Lin Zhang / Chief Executive Officer
Perspectives from a life in leadership.
The latest essay
For several years much of China's grid storage was built because wind and solar projects could not connect without it. Now that the rule has gone, owners must show what each station earns from the grid, and boards should judge storage by its trading record rather than by gigawatt-hours installed.
Read the essayFor several years much of China's grid storage was built because wind and solar projects could not connect without it. Now that the rule has gone, owners must show what each station earns from the grid, and boards should judge storage by its trading record rather than by gigawatt-hours installed.
Battery and storage-system prices in China have fallen far below what many factories need to survive, and local support and lenders' patience keep the losses running. The industry will recover sooner if weak capacity is allowed to exit and buyers stop rewarding the lowest bid.
Chinese storage systems now win tenders around the world on price. The overseas buyers who matter most are judging something else: whether the supplier will still be there, with spare parts and engineers, when the station is fifteen years old.