China’s installed power-generation capacity has reached a record 4.01 billion kilowatts, according to the National Energy Administration, with non-fossil fuels now accounting for 62% of new additions. This shift underpins expectations that green energy—including generation, storage and transmission—could cost as little as 0.3 yuan per kilowatt-hour (kWh) within five years, a significant drop from coal’s current 0.42–0.62 yuan range. Wu Zuyu, chairman of Xiamen-based energy-storage firm Hithium, said storage equipment alone will enter a “0.1-yuan era” in the same timeframe, which combined with 0.1 yuan each for wind/solar power and transmission would bring comprehensive green costs to 0.3 yuan. “It will be cheaper than many traditional energy sources while also being cleaner, greener and easier to deploy,” Wu argued.