What is the implementation plan for the development of new energy storage?
In January , the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.
Will China's new energy storage sector grow in ?
[WANG ZHENG/FOR CHINA DAILY] BEIJING — China's new energy storage sector saw rapid growth in , with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration.
What is new energy storage?
New energy storage refers to energy storage technologies other than conventional pump storage. An energy storage system charges when wind power or photovoltaic power generates a large volume of electricity or when the power consumption is low, and it discharges otherwise. China's operational efficiency of new energy storage continues to improve.
Why is new energy storage important?
"New energy storage plays an essential regulatory role in the new power system, significantly promoting the development and consumption of renewable energy," Bian said. New energy storage features a high intensity of technology and a long industrial chain, and encompasses multiple sectors.
What is the new energy storage action plan?
The new action plan, grounded in the nation’s dual carbon goals, aims to grow the national new energy storage fleet to 180 GW by . It responds to the urgent need for flexible energy regulation amid rapid renewable energy expansion.
How big is China's new energy storage fleet?
As of June , China’s new energy storage fleet had surpassed 100 GW, overtaking the pumped hydro additions for the first time, according to data from the China Energy Storage Alliance (CNESA). The new action plan, grounded in the nation’s dual carbon goals, aims to grow the national new energy storage fleet to 180 GW by .
China targets 180 GW of new energy storage by
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