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On April 29, 2025, during the establishment conference of the Energy Storage Branch of the China Promotion Association, Pang Wenjie, as a member of the executive council, expressed that Haitian Energy is committed to working collaboratively with all parties to enhance the role of new energy storage in the construction of modern power systems, promoting high-quality development of the energy storage industry in the new era.
The Development Initiative released at the event emphasized that new energy storage is crucial for the green transition of energy, the construction of modern power systems, and the achievement of carbon neutrality goals, and is rapidly scaling up.
According to JDEN on the same day, multiple departments, including the National Development and Reform Commission and the National Energy Administration, have issued several documents supporting the research and demonstration of grid-structured energy storage technologies. The 14th Five-Year Plan explicitly calls for accelerating the development of these technologies, positioning them as key areas for focused efforts.
Furthermore, there is an anticipated installation gap of 30 to 40 GW in new energy storage systems by 2025, particularly considering the regions of Xinjiang and Tibet, which are significant areas for energy storage installations. The cancellation of mandatory storage requirements starting June 1 may impact the revenue from capacity leasing, leading to a downward revision of domestic energy storage installation forecasts for 2025.
In the solar energy sector, leading companies such as CATL, Sungrow Power, and Dalian Rongke are driving progress in new energy storage technologies. Currently, there are over 2,400 private electricity sales companies in China, accounting for nearly 60% of the total.
In Sichuan, the government is promoting the construction of distributed photovoltaic and new energy storage projects. These projects are encouraged to enhance grid capacity by ensuring that distributed photovoltaic installations are equipped with new energy storage facilities, with specified capacities based on the region.
The 8th Frontier Technology Conference on Energy Storage took place in Beijing, featuring discussions by academicians and experts on innovations in energy storage technology and its future in the industry.
As the new energy storage sector continues to develop, it is recognized for its essential role in balancing the energy system and facilitating the integration of renewable energy sources. The industry consensus emphasizes that new energy storage is pivotal for the implementation of the carbon neutrality strategy.
The National Energy Administration is also accelerating the development of virtual power plants and supporting private investment in energy storage and smart microgrid technologies. As part of its commitment to the energy transition, the administration is encouraging innovation and greater participation from private enterprises in major technological advancements within the energy sector.
As of March 2025, the installed capacity of wind and solar energy in China has seen significant year-on-year growth of 17.2% and 43.4%, respectively. Investments in offshore wind, new energy storage, and nuclear power are rapidly increasing.
The latest updates from the State Grid indicate ongoing support for the construction of integrated energy systems that include power generation, grid, load, and storage, aiming to enhance the reliability and efficiency of the energy supply.
In summary, the new energy storage industry is critical for creating a modern power system and achieving national carbon reduction targets. The focus on collaborative efforts and technological innovation remains essential for the sustainable development of this sector.
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