Chinan energy storage power supply price table

What is China's energy storage capacity?

Of this global total, China’s operational energy storage project capacity comprised 33.1GW, a growth of 5.1% compared to Q3 of 2019. Both in the international market and the Chinese market, pumped hydro storage continued to account for the largest proportion of energy storage capacity totals.

What is China's operational electrochemical energy storage capacity?

Global operational electrochemical energy storage project capacity totaled 10,112.3MW, surpassing a major milestone of 10GW, an increase of 36.1% compared to Q2 of 2019. Of this capacity, China’s operational electrochemical energy storage capacity totaled 1,831.0MW, an increase of 53.9% compared to Q2 of 2019.

How many provinces and cities in China are implementing energy storage policies?

At present, more than 20 provinces and cities in China have issued policies for the deployment of new energy storage. After energy storage is configured, how to dispatch and operate energy storage, how to participate in the market, and how to channel costs have become the primary issues which plague new energy companies and investors.

Can China develop energy storage technology and industry development?

Under the direction of the national “Guiding Opinions on Promoting Energy Storage Technology and Industry Development” policy, the development of energy storage in China over the past five years has entered the fast track.

What is China's primary energy consumption?

China’s primary energy consumption is shown in Figure 1 - 8 using both the PPCC and the direct equivalent methods. In 2020, China consumed about 4,980 Mtce using the PPCC method. Total primary energy use grew at 9.4% per year on average between 2000 and 2010. The rate of increase slowed to an average of 3.3% per year during the 2010 to 2020 period.

How does China convert primary electricity into standardized energy units?

China uses its own method, the Power Plant Coal Consumption method, to convert primary electricity into standardized energy units based on the average amount of energy used in power plants in a specific year, treating all primary electricity as if it were generated in a thermal power plant.