The average bid stood at CNY 0. From ESS News Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS). . The tender marks the largest energy storage procurement in China's history. The bids were. . it in rechargeable batteries for use at a later date. When energy is needed, it is released from the BESS to power demand to lessen any he integration of demand- and supply-side management. An augmented focus on energy storage development will substantially lower the curtailment rate of renewable. . China has reached well over 70GW of installed BESS capacity, while DC block prices appear to be 'stable', a local metals price agency said. Just a few years ago, China's energy-storage industry was riding high on a sugar rush of subsidies, soaring demand, and sky-is-the-limit. .