What does 'new energy storage' mean for China?
Trade body China Energy Storage Alliance (CNESA) said last week (15 January) that ‘new energy storage’ capacity reached 78.3GW/184.2GWh by the end of , a term it appears to use to describe technologies other than pumped hydro energy storage.
Will China's energy storage policy triple our capacity forecast?
China’s proposed policy to accelerate energy storage deployments – with a target to take its energy storage capacity to 30 gigawatts (GW) by – could triple our current capacity forecast. The five-year timeframe could prove challenging from an economic standpoint, but China has good reason to push ahead.
What is China's energy storage capacity?
China has total energy storage capacity of about 35 GW as of , of which only 3.3 GW was new energy storage, according to the China Energy Storage Alliance.
Will China overtake the US as the energy storage leader?
The new policy could mean that China overtakes the US as the energy storage leader in gigawatt terms by , while requiring US$18 billion investment to meet its target.
How much energy storage capacity will China have by ?
Separate figures, from the National Energy Administration (NEA) cited in state-owned Xinhua News Agency, said that the total installed capacity of new energy storage projects reached 73.4GW by the end of . With an average duration that indicates a total capacity of around 73.4GW/168GW.
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