The 14th five-year plan for the development of energy storage industry

What is the 14th five-year plan for modern energy system development?

On March 22, 2022, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly issued the 14th Five-Year Plan for Modern Energy System Development, which clarified the key tasks for the development of China’s energy sector from 2021 to 2025. It contains three key points:

What is China's new energy storage development plan?

On March 21, the National Development and Reform Commission (NDRC) and the National Energy Administration of China issued the New Energy Storage Development Plan During China’s "14th Five-Year Plan" Period. The plan specified development goals for new energy storage in China, by 2025, new

What is the implementation plan for the development of new energy storage?

In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.

Why is the 14th five year plan for energy storage important?

However, the upcoming 14th Five Year Plan for Energy Storage shall address some critical matter. The country is eyeing on a massive renewable expansion in the coming decades, driven by the ambition to hit carbon neutrality by 2060. The nascent energy storage infrastructure becomes an obvious weak link.

What is the 'guidance' for the energy storage industry?

Based on the above analysis, as the first comprehensive policy document for the energy storage industry during the ‘14th Five-Year Plan’ period, the ‘Guidance’ provided reassurance for the development of the industry.

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.