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.
With developers continuing to add new capacity, including 9.2 GW of new lithium-ion battery storage capacity in 2024 through November 2024 and comparable levels of growth expected through the fourth quarter of 2024, energy storage investments and M&A activity are expected to continue this trajectory through 2025.
Nearly a decade ago, when the energy storage market was in its infancy, an industry organization set a dreamy goal: By the end of 2025, the U.S. would deploy 35 gigawatts of batteries connected to the grid. So how’d the storage industry do? In the third quarter, 4.7 gigawatts of batteries were installed.
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.
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A 500 MW / 2,000 MWh standalone BESS in Tongliao, Inner Mongolia, has begun commercial operation following a five-month construction period, reflecting China’s …
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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 …
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The Action Plan for the Large-Scale Construction of New-Type Energy Storage (2025-2027) proposes that by 2027, China''s installed capacity of new-type energy storage will …
REQUEST SPECSLatest developments in containerized energy storage technology, project case studies, and industry insights from our team of renewable energy experts.
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