Latest Developments and Trends in Energy Storage Solutions

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Approximately 11,000 results related to “energy storage” have been found. In the Dalateqi region, the bid results for the first phase of the 500MW photovoltaic integrated project have been announced. This project is located about 20km south of Zhonghe West Town in a hilly area characterized by both hilly and desert landscapes. The project involves constructing a 500MW photovoltaic power station, with plans for energy storage to be considered in a leasing format for later centralized construction, and this design will not be reconsidered. The fixed-frame project is undertaken by Guoqiang Xing Sheng Energy and China Power Construction.

The Chongqing Energy Bureau is set to accelerate the introduction of the Implementation Guidelines for the Development and Construction Management of Distributed Photovoltaic Power Generation in Chongqing. This initiative aims to promote energy conservation and emission reduction, contributing positively to sustainable economic development. The bureau, in collaboration with the municipal development and reform committee, has issued the “Million Kilowatt Rooftop Photovoltaic” Construction Plan (2024-2025), which emphasizes accelerating the construction of distributed photovoltaic and user-side energy storage projects in industrial parks, rural areas, public buildings, and highway regions.

Ningxia Electric Power Investment has issued a tender for a 300MW/600MWh energy storage station as part of its 3 million kilowatt photovoltaic base project. The energy storage project will be constructed on the power supply side and will include three energy storage stations located within three new 330kV booster stations, each with a capacity of 100MW/200MWh, totaling 300MW/600MWh.

Xingyun Co., Ltd. has announced that its solid-state and semi-solid-state battery technologies will drive high-quality development in the lithium battery industry. On April 30, Xingyun released a record of its investor activity.

New regulations for virtual power plant operations in Zhejiang have taken effect, introducing full-process certification and dynamic rating mechanisms. By the end of 2024, the Zhejiang virtual power plant will aggregate distributed energy resources, energy storage, adjustable loads, and charging piles, with a total access scale of 2.8 million kilowatts. The 2024 Zhejiang Province Power Demand Management Implementation Plan includes integrating charging piles, user-side energy storage, and self-supplied power plants into the first version of the virtual power plant.

A recent major blackout in Spain raised questions about the reliability of photovoltaic systems. A common misconception is to regard “inertia” or “frequency control” as inherent properties of certain technologies; in reality, these are services required by the power grid that can be provided through various means such as battery storage, flywheel storage, synchronous capacitors, adjustable loads (demand response), and specific operational modes of thermal, hydro, or nuclear power plants.

The 68MW/136MWh energy storage system procurement requirements for the Sichuan Liangshan photovoltaic project by China Power Construction state that bidders must have integrated achievements in domestic energy storage systems of no less than 500MWh (must use lithium iron phosphate batteries), and the manufacturers of the storage inverters must have at least three projects using liquid cooling technology with single project capacities of no less than 40MWh.

In Shenzhen, a notice was issued regarding the collection of energy-saving and carbon-reduction technology and equipment in the industrial and information sectors by 2025. This includes clean low-carbon hydrogen production and application, efficient energy storage, and industrial green microgrid technologies among others.

As the new time-of-use pricing policy in Jiangsu is implemented, the challenges and opportunities for commercial energy storage are becoming clear. Despite the existing value of commercial energy storage, it remains dynamic and must adapt to changing circumstances.

The State Power Investment Corporation has initiated a major asset restructuring. By the end of 2024, the installed capacity for new energy will reach 4.9994 million kilowatts (excluding energy storage), distributed across regions such as Inner Mongolia, Shanxi, and Shandong, with Inner Mongolia benefiting from strong wind and solar resources.

From large-scale bases to global bifacial markets, TOPCon technology is enhancing the value of global power trading scenarios. This aligns with findings from the national-level photovoltaic and energy storage testing platform in Daqing, which shows that, in comparable scenarios, TOPCon technology yields the highest energy output thanks to its high bifaciality.

On April 30, Haimeixing announced a 2GWh solid-state battery equipment mass production order as part of its 2024 quality enhancement and efficiency return action plan.

The Inner Xiang County Industrial Cluster has announced the results of its incremental distribution operation and maintenance service project bid. This includes the completion of two 110kV substations, 16.59 km of 110kV transmission lines, and 4 10kV switching stations.

A significant procurement demand for power distribution equipment worth 5.438 billion yuan has been established by Southern Power Grid for its first batch of bidding projects in 2025. This includes requirements from power companies in Guangdong, Guangxi, Yunnan, Guizhou, and Hainan.

Recently, battery giant Panasonic announced plans to exit its solar and energy storage business, focusing instead on areas with the most strategic significance.

A bid notice for a 300MW/1200MWh semi-solid lithium battery energy storage station was released on April 30 by Shenzhen’s Lanwei New Energy Co..

In summary, various wind energy projects are being developed with accompanying efficient energy storage systems and the advancement of smart microgrids and energy management systems.

Fu Neng Technology has made progress in solid-state and semi-solid-state battery technologies, continuing to focus on innovation and research in key battery technologies.

China Innovation Aviation announced a 100.83% year-on-year increase in net profit for 2024, completing its layout of standardized energy storage products and solutions across various scenarios.

In Xinjiang’s Karamay, a selection for an independent energy storage project has been announced, targeting a scale of 500MW with a duration of no less than 4 hours.

Starting June 1, Jiangsu will implement measures encouraging commercial users to reduce power consumption during peak hours and increase usage during off-peak hours through energy storage solutions.

A recent announcement regarding a 5GWh energy storage system by the State Power Investment Corporation revealed that six companies have been shortlisted for the procurement.

Lastly, Chuan Investment Energy and State Investment Power have established Yalongjiang Energy Company with a registered capital of 10 million yuan.

The Wuhu Xixingchong Pumped Storage Power Station project investment decision has been smoothly approved, contributing to the national pumped storage development plan.

Oriental Wind Power is expected to win the bid for a wind power hydrogen production base project, with supply requirements for storage system equipment and energy management systems.