Beijing Energy Daihai supporting new energy storage

Why is China's energy storage capacity rocketing?

BEIJING, Jan. 25 -- China's energy storage capacity is rocketing to facilitate the utilization of growing renewable power amid the country's efforts to pursue low-carbon development. China's installed new-type energy storage capacity had reached 31.39 gigawatts by the end of 2023, the National Energy Administration (NEA) said on Thursday.

How big is China's energy storage capacity?

China's installed new-type energy storage capacity had reached 44.44 gigawatts by of the end of June, expanding 40 percent compared with the end of last year, the National Energy Administration (NEA) said on Wednesday. Lithium-ion batteries accounted for 97 percent of China's new-type energy storage capacity at the end of June, the NEA added.

How will the NEA improve China's energy storage capacity?

The NEA said it will actively strengthen planning, improve standard systems and refine the market mechanism to promote the high-quality development of new-type energy storage. China's energy storage capacity is expanding to facilitate the utilization of growing renewable power amid the country's efforts to advance its green energy transition.

Why is China's energy storage capacity expanding?

BEIJING, July 31 -- China's energy storage capacity is expanding to facilitate the utilization of growing renewable power amid the country's efforts to advance its green energy transition.

How a new energy storage system is developing in China?

Dai Jianfeng, a deputy chief engineer of China Electric Power Planning and Engineering Institute, said the new energy storage in China has been developed through diverse technology routes. According to him, lithium-ion battery is still dominant at present, but the development of compressed air and liquid flow battery is accelerating.

Why should China invest in energy storage?

The NEA will actively encourage technological innovation and push ahead with the diversified and high-quality development of new-type energy storage, Bian said. China's energy storage capacity is rocketing to facilitate the utilization of growing renewable power amid the country's efforts to pursue low-carbon development.