Tianneng's Chair Calls for End to Involution in Energy Storage Sector at Two Sessions
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At the Two Sessions, Tianneng Holding Group's chairman, Zhang Tianren, urged an end to cutthroat competition in China's energy storage sector. He called for improved procurement standards and collaboration with industry associations to foster technological innovation. Zhang highlighted the severe price competition leading to low profit margins and systemic risks in the industry. China's energy storage capacity reached 136 gigawatts last year, with a goal of 180 gigawatts by next year, as reliance on energy storage grows with the rise of wind and solar power.
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