Will the 2 trillion yuan grid transformation benefit energy storage

How is energy storage accelerating China's green energy transition?

Employees install power cables on a transmission tower in Jurong, Jiangsu province. SHI JUN/FOR CHINA DAILY Energy storage has become pivotal in ensuring efficient power grid operation and accelerating the transition to green energy sources, as China accelerates its green energy transition, said a top company official.

How can China build a new energy-dominated power system?

To build a new energy-dominated power system, it is crucial to align with China's basic national energy resource endowment, ensuring that the gradual phasing out of traditional energy sources is built upon the safe and reliable substitution of new energy sources.

Will China achieve full market-oriented development of new energy storage by 2030?

The country has vowed to realize the full market-oriented development of new energy storage by 2030, as part of efforts to boost renewable power consumption while ensuring stable operation of the electric grid system, a statement released by the National Development and Reform Commission and the National Energy Administration said.

How can China transform its energy sector?

These include renewable energy infrastructure, such as solar and wind power, and smart, zero-carbon energy systems like integrated energy grids. Collectively, these sectors could generate an economic output exceeding 100 trillion yuan, he added. The Chinese government has already laid the groundwork for this transformation.

Why do we need a transformative grid?

As the nexus between the power supply and consumption sides, the grid must undergo transformative upgrades to facilitate synergistic interactions among generation, grid infrastructure, load management, and energy storage.

Will China's energy storage capacity exceed 30 GW by 2025?

According to the Guiding Opinions on Accelerating the Development of New Energy Storage report jointly issued by the National Development and Reform Commission and the National Energy Administration, China's installed capacity for new energy storage will exceed 30 GW by 2025.