Energy storage enterprise establishment time

Will energy storage industrialization be a part of the 14th five-year plan?

While looking back on 2020, we also looking forward to the development of energy storage industrialization during the 14th Five-year Plan, as policy and market mechanisms become the key to promote the full commercialization and large-scale application of energy storage.

How to judge the progress of energy storage industry in China?

Chen Haisheng, Chairman of the China Energy Storage Alliance: When judging the progress of an industry, we must take a rational view that considers the overall situation, development, and long-term perspective. In regard to the overall situation, the development of energy storage in China is still proceeding at a fast pace.

How big are energy storage projects?

By the end of 2019, energy storage projects with a cumulative size of more than 200MW had been put into operation in applications such as peak shaving and frequency regulation, renewable energy integration, generation-side thermal storage combined frequency regulation, and overseas energy storage markets.

How has energy storage been developed?

Energy storage first passed through a technical verification phase during the 12th Five-year Plan period, followed by a second phase of project demonstrations and promotion during the 13th Five-year Plan period. These phases have laid a solid foundation for the development of technologies and applications for large-scale development.

How much energy storage capacity does the energy storage industry have?

New operational electrochemical energy storage capacity totaled 519.6 MW/855.0 MWh (note: final data to be released in the CNESA 2020 Energy Storage Industry White Paper). In 2019, overall growth in the development of electrical energy storage projects slowed, as the industry entered a period of rational adjustment.

Does energy storage have a new stage of development?

Just as planned in the Guiding Opinions on Promoting Energy Storage Technology and Industry Development, energy storage has now stepped out of the stage of early commercialization and entered a new stage of large-scale development.