What are the clusters of china s energy storage industry

How has China developed the energy storage industry?

China's energy storage industry has seen significant development due to the promotion of policies by the Chinese government. The 13th Five Year Plan, released by the National Development and Reform Commission in 2016, marked the beginning of this development period, according to the China Energy Storage Alliance (2021).

What aspects does the Chinese government promote for energy storage?

The development of energy storage industry requires promotion of the government in the aspect of technology, subsidies, safety and so on. A lack of systematic research specifically regarding energy storage policies in China still prevails.

What are the current applications of energy storage in China?

At present, the application of energy storage in China is mainly distributed power generation and grid connection of micro-grid and renewable energy. There were few applications of power transmission and distribution and auxiliary services. Second, there is still a lack of effective market mechanisms in energy storage industry.

Does China's energy storage industry have an industrial scale?

By tracing the evolution of energy storage policies, we found that China’s energy storage industry has not yet reached an industrial scale. First, inadequate policy coordination hinders the development of the energy storage industry.

Is there a market mechanism for energy storage in China?

Currently, there is still a lack of effective market mechanisms in China's energy storage industry. While energy storage is mainly used in distributed power generation and grid connection of micro-grid and renewable energy, its application in power transmission, distribution, and auxiliary services is limited.

How much energy storage does China have in 2023?

By the end of 2023, China had completed and put into operation a cumulative installed capacity of new type energy storage projects reaching 31.4GW / 66.9GWh, with an average storage duration of 2.1 hours. The newly added installed capacity in 2023 was approximately 22.6GW / 48.7GWh, which is three times that for 2022 (7.3GW / 15.9GWh).