Nassau air-cooled energy storage plan public announcement

When will new energy storage development be introduced?

The commission said earlier it will introduce a plan for new energy storage development for 2021-25 and beyond, while local energy authorities should also make plans for the scale and project layout of new energy storage systems in their regions.

What is new energy storage?

New energy storage refers to electricity storage processes that use electrochemical, compressed air, flywheel and supercapacitor systems but not pumped hydro, which uses water stored behind dams to generate electricity when needed.

Will new energy storage be more expensive in 2025?

The NDRC said new energy storage that uses electrochemical means is expected to see further technological advances, with its system cost to be further lowered by more than 30 percent in 2025 compared to the level at the end of 2020.