East Asia is a powerhouse in the global renewables sector. Importantly, this is not only due to China’s sizable market share when it comes to command over critical minerals supply chains and the production of solar panels, wind turbines and batteries, as is often referenced in discussions about the industry. In fact, Japan, South Korea, Indonesia, Malaysia and the Philippines are all part of a booming renewables ecosystem as innovators, renewables technology exporters, sources of raw materials, or destination markets for the development of clean energy hubs.
Global renewable energy production is expected to double by 2030 , creating extremely lucrative business opportunities for the companies that manage to carve out a share of the market. Energy production and energy storage are both crucial components of the energy transition from fossil fuels to renewables.
This is why the stationary battery market is becoming increasi
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