Technical FAQs 4

Will China develop new energy storage systems between 2025 and 2027?

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.

What are China's new energy storage projects?

Recently, multiple new energy storage projects across China have reached important milestones. In Shandong, Xinjiang, Hebei, Qinghai, and Inner Mongolia, several 100-MW-level projects have either started construction or successfully connected to the grid.

What drives energy storage project development?

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.

How will China's new energy storage impact the energy transition?

Since the start of the 14th Five-Year Plan, China’s new energy storage has directly driven over 200 billion yuan in project investment and over 1 trillion yuan across the industrial chain, supplying high-performance products globally and contributing to the energy transition.

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Energy Storage Project Announcement

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