Zhongguancun Energy Storage Cabinet Factory

What are the characteristics of energy storage industry development in China?

Throughout 2020, energy storage industry development in China displayed five major characteristics: 1. New Integration Trends Appeared The integration of renewable energy with energy storage became a general trend in 2020.

Which energy storage capacity surpassed the GW level?

Newly operational electrochemical energy storage capacity also surpassed the GW level, totaling 1083.3MW/2706.1MWh (final statistics to be released in CNESA’s Energy Storage Industry White Paper 2021 in April 2021).

Which XYZ storage products passed CGC certification?

XYZ Storage’s proprietary 4 PCS products passed the certification of CGC (China General Certification Center). Qinghai Golmud 100MW/200MWh Shared BESS Station were successfully delivered, which demonstrates a great stability and reliability of XYZ Storage products under 3200m altitude.

Which energy storage technologies have been made a breakthrough?

Breakthroughs have been made in a variety of energy storage technologies. Lithium-ion battery development trends continued toward greater capacities and longer lifespans. CATL developed new LiFePO batteries which offer ultra long life capabilities, while BYD launched "blade" batteries to further improve battery cell capacities.

What are the emerging technologies in energy storage?

Other emerging technologies included compressed air energy storage, flow redox batteries, sodium-ion batteries, and flywheel energy storage.

Which financial institutions invest in energy storage companies?

Many financial institutions invested in energy storage companies. Examples include Hillhouse Capital's 10.6 billion RMB investment in CATL, and the launch of IPOs by numerous energy storage companies such as Pylontech and Tianneng to raise funds to expand business. Second, new forces have sprung up, accelerating the deployment of energy storage.