By the end of 2023, China will control half the world’s installed capacity of electrolysers
While we are racing ahead with Production of renewables at a time when Hydrogen Electrolyser capacities are yet to be built up to scale, the world is looking for BESS ( Battery Energy storage system) to store Renewable energy for using later and Li ion batteries with its high energy density quality are preferred choice.
However, As usual China seems to have understood it correctly. Li Ion battery rare earth elements which are scarce and found in a handful of nations is going to be in great demand both for EV & BESS.
They seem to be ready with Green hydrogen Electrolyser capacity . They would like to Rule the world with half the world’s requirement.