China s installed energy storage capacity

How big is China's energy storage capacity?

China's installed new-type energy storage capacity had reached 31.39 gigawatts by the end of 2023, the National Energy Administration (NEA) said on Thursday. Last year alone, 22.6 gigawatts of such capacity was installed, which was more than 3.6 times the figure at the end of 2022 and nearly 10 times that at the end of 2020.

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).

Why is China's energy storage capacity rocketing?

BEIJING, Jan. 25 -- China's energy storage capacity is rocketing to facilitate the utilization of growing renewable power amid the country's efforts to pursue low-carbon development. China's installed new-type energy storage capacity had reached 31.39 gigawatts by the end of 2023, the National Energy Administration (NEA) said on Thursday.

How many new energy storage installations were built in China in 2023?

CNESA said in a new report that China added 21.5 GW/46.6 GWh of new energy storage installations in 2023, up 194% year on year. Most of this capacity came from lithium-ion batteries, accounting for approximately 95% of the total.

What percentage of China's energy storage capacity is lithium ion?

Lithium-ion batteries accounted for 97.4 percent of China's new-type energy storage capacity at the end of 2023 and other technologies are developing rapidly, said Bian Guangqi, an NEA official, at a press conference.

How many energy storage policies are there in China?

Of the 254 energy storage policies in China from 2010 to 2020, some keywords appeared many times during the observation period.