How is the treatment of the state grid pumped storage company

Does energy storage industry need a policy guidance?

Sungrow Power Supply Co., Ltd.: energy storage industry needs the policy guidance urgently. Machinery & Electronics Business; 2015-6-22: A06. Policy and innovation are key factors for the development of energy storage technology. China Electric Power News; 2016-4-28: 008. Lin Boqiang.

How many pumped storage hydropower stations are there in China?

State Grid, the largest power provider in the country, said it constructed 23 pumped storage hydropower stations during the 13th Five-Year-Plan period (2016-20) with a total installed capacity of 30.93 million kW and a total investment of almost 180 billion yuan.

Where is China's pumped-hydro storage project located?

State Grid Corp. of China says it has finalized a pumped-hydro storage project consisting of four reversible pump-turbine generator units, each with a capacity of 350 MW. It is located near Xiamen, in China’s Fujian province.

How does Xiamen pumped storage power station work?

The station is connected to the Fujian power grid through two 500 kV transmission lines. The Xiamen Pumped Storage Power Station will pump water to a high-altitude reservoir during valley periods and generate electricity during peak periods, effectively balancing the grid’s peak and valley demand.

How will res' grid connection affect energy storage demand?

And the pressure of RES' grid connection will also force the acceleration of wind-solar energy storage. It is predicted that with the continuous development of smart grid and RES' grid connection, energy storage demand during the ''13th Five-Year'' will further arise and reach to 50 billion yuan in year 2020 .

What is the energy storage system subsidy policy?

The plan focuses on PV cells and fuel cells. March 2011: after the earthquake, the government allocated 1.51 billion yen for energy storage technology including fuel cells, energy trading system and battery to improve energy consumption rate. April 2012: family energy storage system subsidy policy was proposed.