2020 energy storage equipment installed capacity

How many GW of energy storage are there in 2023?

In 2020, the total installed energy storage capacity was only 35.6 GW, with electrochemical storage accounting for 3.27 GW (CNESA, 2021). By 2023, an additional 21.5 GW of energy storage had been installed, with over 95% of this capacity being lithium battery-based electrochemical storage (CIAPS, 2024).

What was the growth rate of energy storage projects in 2020?

In 2020, the year-on-year growth rate of energy storage projects was 136%, and electrochemical energy storage system costs reached a new milestone of 1500 RMB/kWh.

How much energy storage will China have by 2023?

By 2023, an additional 21.5 GW of energy storage had been installed, with over 95% of this capacity being lithium battery-based electrochemical storage (CIAPS, 2024). Several regions in China have already mandated wind and solar power plants to integrate a certain amount of energy storage capacity.

Where will stationary energy storage be available in 2030?

The largest markets for stationary energy storage in 2030 are projected to be in North America (41.1 GWh), China (32.6 GWh), and Europe (31.2 GWh). Excluding China, Japan (2.3 GWh) and South Korea (1.2 GWh) comprise a large part of the rest of the Asian market.

How big is China's energy storage capacity?

According to work by the China Energy Storage Alliance’s (CNESA) in-house research group, the country now has around 33.1GW of installed energy storage project capacity in total, with global cumulative capacity now at about 186.1GW.

What is the worldwide electricity storage operating capacity?

Worldwide Electricity Storage Operating Capacity by Technology and by Country, 2020 Source: DOE Global Energy Storage Database (Sandia 2020), as of February 2020. Worldwide electricity storage operating capacity totals 159,000 MW, or about 6,400 MW if pumped hydro storage is excluded. The DOE data is current as of February 2020 (Sandia 2020).