China s major energy storage events

What are the development stages of China's energy storage industry?

The main conclusions are as follows: 1) from 2010 to 2020, China’s energy storage industry experienced three development stages: the foundation stage, the nurturing stage and the commercialization stage.

How has China developed the energy storage industry?

The Chinese government has promulgated many policies to promote the development of energy storage. The energy storage industry had ushered in a period of development with the release of the 13th Five Year Plan ( National Development and Reform Commission, 2016; China Energy Storage Alliance, 2021 ).

Why is energy storage important in China?

Experts said developing energy storage is an important step in China's transition from fossil fuels to a renewable energy mix, while mitigating the impact of new energy's randomness, volatility, intermittence on the grid and managing power supply and demand.

What challenges does energy storage face in China?

Energy storage in China still faces some major challenges, such as safety concerns, a lack of clarity on what entity should be responsible for energy storage management, a lack of a reasonable price mechanism that can properly compensate storage’s value, an incomplete support mechanism for participating in the energy market, and other challenges.

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.

What is China's energy storage capacity?

China has total energy storage capacity of about 35 GW as of 2020, of which only 3.3 GW was new energy storage, according to the China Energy Storage Alliance.