New Energy Storage Developments
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As of the end of 2024, it is projected that China’s new energy storage capacity will reach 78.3 million kilowatts, with an addition of 43.7 million kilowatts expected in that year alone. Notably, independent storage solutions will account for 60% of the new installations.
In terms of technological innovation, private enterprises have been making significant strides, particularly in areas such as photovoltaic cell technology, large-scale wind energy equipment, and the research and development of new energy storage solutions. These companies are encouraged to engage actively in the construction and operation of renewable energy infrastructures, including smart microgrids and virtual power plants.
Investment in key energy projects across the country has increased by 12.9% year-on-year in the first two months of this year, with rapid growth observed in offshore wind energy, new energy storage, and nuclear power sectors.
China’s largest operational pure green compressed air energy storage project has been included in several national-level pilot projects, showcasing its high efficiency and extensive generation time.
The Shandong power grid has seen rapid advancements in new energy storage, boasting 133 storage stations with a total installed capacity of 7.99 million kilowatts, ranking third nationally. A recent trial demonstrated the effectiveness of a centralized calling mechanism for storage, providing enough energy for 260,000 households.
New energy storage is crucial for the green transition and the establishment of a modern power system, and it is recognized as a key area for future development. The National Development and Reform Commission and the National Energy Administration are actively supporting research and engineering demonstrations in this field.
Furthermore, private enterprises are increasingly participating in the energy sector, with over 2,400 private electricity sales companies now operating, which accounts for nearly 60% of the total number of electricity sales companies.
Efforts are being made to encourage the integration of new energy storage systems in distributed photovoltaic projects, enhancing grid capacity. In areas with larger power supply gaps, new energy storage facilities are essential for optimizing energy management.
As the energy sector continues to evolve, the focus remains on ensuring reliable power supply while integrating innovative technologies to meet the demands of a sustainable future.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/emerging-trends-in-energy-storage-insights-and-innovations-from-the-power-sector/
