The 14th five-year plan introduces energy storage policies

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 14th five-year plan for modern energy system?

In January 2022, “the 14th Five-Year Plan for Modern Energy System” proposed accelerating the large-scale application of energy storage technologies. Optimize the layout of grid-side energy storage. Play the multiple roles of energy storage, such as absorbing new energy and enhancing grid stability.

Will energy storage industrialization be a part of the 14th five-year plan?

While looking back on 2020, we also looking forward to the development of energy storage industrialization during the 14th Five-year Plan, as policy and market mechanisms become the key to promote the full commercialization and large-scale application of energy storage.

What is the 14th five-year plan?

14th Five-Year Plan: Modern Energy System Planning... This plan explicitly mentions global climate governance and the ongoing low-carbon transformation of the energy and industry sectors.

What is the 14th five-year plan for National Economic & Social Development?

The 14th Five-Year Plan for National Economic and Social Development of the People’s Republic of China (PRC) was approved on March 2021. The Plan highlights high-quality, green development. Building on the achievements of the 13th Plan, it aims to reduce the carbon intensity of the economy and to peak carbon dioxide emissions before 2030.

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.