BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems.
The move is part of China''s broader push toward a green, low-carbon energy transition as well as high-quality economic and social development. It builds on significant growth in the sector. As of the end of 2024, the country''s installed capacity of new-type energy storage had reached 73.76 million kilowatts, according to official data.
Globally, energy storage project development is increasingly driven by the utility-scale segment, with mandates and targeted auctions driving gigawatt-hour projects in markets like China, Saudi Arabia, South Africa, Australia and Chile.
Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.
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An aerial drone photo taken on Aug. 21, 2024 shows a view of an energy storage station at Taiyangshan Township of Wuzhong, northwest China''s Ningxia Hui Autonomous …
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The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world’s two largest markets, the US and China, …
As Tesla''s first energy storage gigafactory outside the United States, the new Lin-gang plant only took nine months from groundbreaking, which took place in May 2024, to …
Tesla''s another Megafactory which produces energy storage products, officially went into production today. The Shanghai facility is Tesla''s first Megafactory outside the …
A 500 MW / 2,000 MWh standalone BESS in Tongliao, Inner Mongolia, has begun commercial operation following a five-month construction period, reflecting China’s …
China''s nationwide installed capacity of new-type energy storage has exceeded 100 GW, more than 30 times the level at the end of the 13th Five-Year Plan period.
Megapack is an electrochemical energy storage device that uses lithium batteries, a dominant technical route in the new-type energy storage industry. Tesla''s vice-president Tao …
Recently, multiple new energy storage projects across China have reached important milestones. In Shandong, Xinjiang, Hebei, Qinghai, and Inner Mongolia, several 100 …
China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and …
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