China s strong wild energy storage

Why did China double its energy storage capacity in 2022?

Power lines in Yichun, China. China almost quadrupled its energy storage capacity from new technologies last year, as the nation works to buttress its rapidly expanding but unreliable renewables sector and wean itself off dirty coal. Capacity rose to 31.4 gigawatts, from just 8.7 gigawatts in 2022, the National Energy Administration said Thursday.

How will China's energy storage capacity grow in 2023?

Ahead and heading into a new era for new energy, it is expected that China’s energy storage capacity and its BESS capacity in particular will grow at a CAGR rate of 44% between 2023 and 2027. Finally, BESS development financing globally thus far has stemmed from various sources: funds, corporate funds, institutional investors, or bank financing.

Why is China launching a battery storage boom?

The battery storage boom comes as some provincial governments mandate renewables developers to build or rent capacity, to ensure they capture as much energy as possible from intermittent wind and solar generation. China’s new wind and solar installations probably accounted for well over half the global total last year, according to BloombergNEF.

Is China's planted forest C storage in biomass spatiotemporal?

The dynamics of China’s planted forest C storage in biomass from 1990 to 2020 exhibited marked spatiotemporal variations (Fig. 2).

How has planted forest carbon storage changed in China?

These changes lead to China’s planted forest carbon storage increasing from 675.6 ± 12.5 Tg C in 1990 to 1,873.1 ± 16.2 Tg C in 2020, with an average rate of ~ 40 Tg C yr −1. The area expansion of planted forests contributed ~ 53% (637.2 ± 5.4 Tg C) of the total above increased carbon storage in planted forests compared with planted forest growth.

How much Teragram (Tg) C is stored in China's planted forest?

Overall, we found a trend of increasing C storage in China’s planted forest, increasing from 675.6 ± 12.5 (mean ± standard deviation) Teragram (Tg) C in 1990 to 1,873.1 ± 16.2 Tg C in 2020, with an annual increment of approximately 40.0 Tg C (Fig. 3a and Supplementary Table 1).