The energy storage unit has currently achieved its maximum capacity

Will China expand its energy storage capacity by 2025?

China aims to further develop its new energy storage capacity, which is expected to advance from the initial stage of commercialization to large-scale development by 2025, with an installed capacity of more than 30 million kilowatts, regulators said.

Why did China's energy storage capacity expand in the first quarter?

China's energy storage capacity has further expanded in the first quarter amid the country's efforts to advance its green energy transition.

What percentage of energy storage installations are installed?

In terms of application scenarios, independent energy storage and shared energy storage installations account for 45.3 percent, energy storage installations paired with new energy projects account for 42.8 percent, and other application scenarios account for 11.9 percent. The installed capacity of renewable energy has achieved fresh breakthroughs.

How big is China's energy storage capacity?

By the end of March, China's installed new-type energy storage capacity had reached 35.3 gigawatts, soaring 2.1 times over the figure achieved during the same period last year, the National Energy Administration (NEA) said on Monday.

Will energy storage cost decrease by 30 percent by 2025?

"While the cost-learning curve is still relatively slow now, the 14th Five-Year-Plan (2021-25) has made a clear goal for the per unit cost of energy storage to decrease by 30 percent by 2025. This will hopefully accelerate the industry pace." China is currently the world's biggest power generator.

Is China's power storage capacity on the cusp of growth?

[WANG ZHENG/FOR CHINA DAILY] China's power storage capacity is on the cusp of growth, fueled by rapid advances in the renewable energy industry, innovative technologies and ambitious government policies aimed at driving sustainable development, experts said.