10 countries deploy energy storage for new energy

Will China reach 30 GW of non-hydro energy storage by 2025?

In 2021, the Chinese government set a target of 30 gigawatts (GW) of non-hydro energy storage by 2025. The country has already surpassed this initial goal, two years ahead of schedule. According to China’s National Energy Administration, the country’s overall capacity in the new-type energy storage sector reached 31.4 GW by the end of 2023.

How China is accelerating Advanced Energy Solutions deployments?

The country has become a global force in the acceleration of advanced energy solutions deployments. Here, we showcase the particular strides China is making in energy storage and clean hydrogen. China has been the leading force in accelerating advanced energy solutions deployments like energy storage and clean hydrogen.

Is energy storage a new driving force for economic growth?

The sector is becoming a “new driving force” for economic growth, attracting over 100 billion yuan (about $13.9 billion) in investment since 2021, and driving further expansion of upstream and downstream industrial chains. This success prompted the government to raise its energy storage target by a third, to 40 GW, by 2025.

How big is China's energy storage capacity?

The country has already surpassed this initial goal, two years ahead of schedule. According to China’s National Energy Administration, the country’s overall capacity in the new-type energy storage sector reached 31.4 GW by the end of 2023. It increased capacity year-on-year by more than 260%, and almost 10 times since 2020.