Pumped Hydro Storage Market in China to Expand 46 GW by 2024: EDF, Voith Hydro, Absaroka, Genex, Toshiba and 10 Other Companies Profile
China pumped hydro storage market growth will be driven by increasing need for grid stabilization along with exponential rise in power consumption. Stringent government regulations pertaining to carbon emission coupled with renewable energy technology integration will encourage the product demand. The National Energy Administration announced an investment of USD 361 billion to develop flexible grid network and integration of renewable energy generation technologies by 2020.
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