Is China's power storage capacity on the cusp of growth?
[WANG ZHENG/FOR CHINA DAILY] China's power storage capacity is on the cusp of growth, fueled by rapid advances in the renewable energy industry, innovative technologies and ambitious government policies aimed at driving sustainable development, experts said.
Where does China's storage capacity come from?
The majority of China’s storage capacity comes from large-scale storage projects, such as hydropower with reservoirs on the Yangtze River and gigawatt-level battery energy storage systems in Inner Mongolia. Arial view of the Three Gorges Dam in Hubei province, China. Credit: Sipa US / Alamy Stock Photo
How big is China's energy storage capacity?
The most notable finding: by the end of , China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year. This figure accounts for over 40% of the global total, consolidating China's leading position in the international NES market.
How does China promote battery storage?
To promote battery storage, China has implemented a number of policies, most notably the gradual rollout since of the “mandatory allocation of energy storage” policy (强制配储政策), which is also known as the “ new energy plus storage ” model (新能源+储能).
Why is energy storage important in China?
Developing energy storage is an important step in China's transition from fossil fuels to renewable energy, while mitigating the effect of new energy's randomness, volatility and intermittence on the grid and managing power supply and demand, he said.
Will China reach 30gw of energy storage by ?
The deployment of “new type” energy storage capacity almost quadrupled in in China, increasing to 31.4GW, up from just 8.7GW in , according to data from the National Energy Administration (NEA). This means that China surpassed its target of reaching 30GW of the “new type” energy storage by two years earlier than planned.
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