Is commercial power storage a state-owned enterprise

Who is Xinyuan smart energy storage?

Xinyuan Smart Energy Storage Co., Ltd. (Xinyuan) was selected for the list. Xinyuan is a specialized platform for new energy storage technology innovation and integrated application jointly established by CPID and Hyper Strong, and a new industrial engine for CPID to set new power system requirements and lead the energy storage market.

How does China's decarbonization policy affect energy storage?

China's decarbonization policy has already created pressure on state-owned enterprises mandating energy storage with the order to build renewables-plus-storage projects introduced for the very first time by the NEA last April.

Will SGCC have 100GW of battery storage by 2030?

SGCC Chairman Xin Baoan said Wednesday in a commentary published in the state-owned People’s Daily that SGCC aims to have 100GW of battery storage by 2030, up from 3GW today. This is a very ambitious goal, given that BloombergNEF forecasts that all of China will have about 96GW of battery storage by 2030.

Will SGCC increase its pumped storage capacity by 2030?

But SGCC's plans don't end only with battery storage, the grid operator is also planning to increase its pumped storage capacity from the current 26.3GW to 100GW by 2030. This builds on its announcement in January when it said it had commissioned the world’s largest pumped-hydro facility.