Shanghai energy energy storage proportion

How big is China's energy storage capacity?

China's installed new-type energy storage capacity had reached 44.44 gigawatts by of the end of June, expanding 40 percent compared with the end of last year, the National Energy Administration (NEA) said on Wednesday. Lithium-ion batteries accounted for 97 percent of China's new-type energy storage capacity at the end of June, the NEA added.

Why is China's energy storage capacity expanding?

BEIJING, July 31 -- China's energy storage capacity is expanding to facilitate the utilization of growing renewable power amid the country's efforts to advance its green energy transition.

What percentage of China's energy storage capacity is lithium ion?

Lithium-ion batteries accounted for 97 percent of China's new-type energy storage capacity at the end of June, the NEA added. A number of compressed air, flow battery and sodium-ion battery energy storage projects have started operations, diversifying technological development in the sector, according to the NEA.

How will the NEA improve China's energy storage capacity?

The NEA said it will actively strengthen planning, improve standard systems and refine the market mechanism to promote the high-quality development of new-type energy storage. China's energy storage capacity is expanding to facilitate the utilization of growing renewable power amid the country's efforts to advance its green energy transition.

What is green electricity trading in Shanghai?

Shanghai will introduce various types of green electricity, such as wind, photovoltaic, and biomass, into local green electricity trading. Starting from September 2024, new grid-connected green electricity trading enterprises will be required to build or purchase energy storage and peak-shaving capacity.

How does Shanghai promote green electricity consumption?

Shanghai encourages industry associations, enterprises, institutions, and experts to promote the development of international standards for GEC issuance, measurement, and trading through various bilateral and multilateral international exchange channels. IV. Enhancing green electricity consumption 1.