What are china s pumped storage advantage industries

How pumped storage plants will improve China's electric power system?

As the government pays more attention to the development of pumped storage plants, the sustainable development of China's pumped storage plants will be further enhanced and the installed capacity will continue to grow, thereby increasing the proportion of installed capacity in the electric power system.

How big is China's pumped-storage capacity?

China’s pumped-storage capacity is set to increase even more, with 89 GW of capacity currently under construction. Developers are seeking governmental approvals, land rights, or financing for an additional 276 GW of pumped-storage projects, according to the data from Global Energy Monitor. Pumped storage is a type of energy storage.

Why is China building pumped-storage hydropower facilities?

China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country.

Will pumped storage be China's primary peaking power source in the future?

As pumped storage plays an important role in load regulation, promoting grid-connected clean energy and maintaining the security and stability of the electric power system, it will be China's primary peaking power source in the future (Zhang et al., 2013).

Which country has the most pumped storage capacity?

China is the top-ranked country in terms of oper-ating PSH capacity with 50.7 GW, holding 30% of the world’s total. This is roughly equivalent to the combined PSH capacity of all European countries. China’s current share of global prospective capacity exceeds 80%, making it the primary country for the development of the pumped storage industry.

Should China promote pumped storage plants?

China should not only promote about the construction of pumped storage plants but also implement reasonable policies to stimulate enthusiasm for pumped storage plant investment and promote their construction. The operators of pumped storage plants must find the proper business model for their development.