The development of the electrochemical energy storage industry

What is electrochemical energy storage (EES) technology?

Electrochemical energy storage (EES) technology, as a new and clean energy technology that enhances the capacity of power systems to absorb electricity, has become a key area of focus for various countries. Under the impetus of policies, it is gradually being installed and used on a large scale.

How many electrochemical storage stations are there in 2022?

In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

What is the growth rate of electrochemical energy storage?

The annual compound growth rate (2020-2024) will remain around 55%. By the end of 2024, the market scale of operational electrochemical energy storage is expected to exceed 15GW.

What is electrochemical energy storage?

Electrochemical energy storage can be also carried out at the interface between an electrode and an electrolyte forming an electrical double layer as in the case of electrochemical double-layer capacitors (EDLC, supercapacitors).

What is the learning rate of China's electrochemical energy storage?

The learning rate of China's electrochemical energy storage is 13 % (±2 %). The cost of China's electrochemical energy storage will be reduced rapidly. Annual installed capacity will reach a stable level of around 210GWh in 2035. The LCOS will be reached the most economical price point in 2027 optimistically.

What are Energy Storage Technologies (est)?

A variety of Energy Storage Technologies (EST) have been developed, each based on different energy conversion principles, such as mechanical, thermal , electromagnetic and electrochemical energy storage.