Current status of pumped storage development

Can pumped storage power be developed in central China?

The development of pumped storage power in Central China faces both challenges and opportunities 4.1. Coexistence and complementarity with new energy storage development

How to promote the construction of pumped storage power stations?

To promote the construction of pumped storage power stations, it is of great significance for the construction and optimization of modern power systems. 2. Development trends of pumped storage energy in China To effectively support the construction and development of pumped storage power stations, China has issued a series of supporting policies.

What is the future of pumped storage?

As stated in the basic forecast scenario of an IRENA outlook report, Electricity Storage and Renewables: Costs and Markets to 2030 , the growth of installed capacity of pumped storage will be approximately 40 % to 50 % by 2030. Some of the current large PSPPs in the world are shown in Table 2. Table 2.

Can pumped storage power stations improve peaking capacity?

Under the background of “dual carbon”, pumped storage is ushering in unprecedented development opportunities. With the continuous increase in the scale and proportion of renewable energy in China, it is becoming more and more important to improve the peaking capacity of the power system through pumped storage power stations.

How many pumped storage projects have been approved in China?

From the approval situation: Since the “14th Five-Year Plan” in central China, a total of 25 pumped storage projects have been approved, with an approved installed capacity of 33.496 gigawatts, ranking the most in the geographical region of the country.

When did the pumped storage industry open up?

After the release of the Medium and Long Term Development Plan for Pumped Storage (2021–2035), the pumped storage industry was completely opened up and many enterprises entered the pumped storage industry with policy incentives.