National level energy storage

What is the 'guidance on accelerating the development of new energy storage?

Since April 21, 2021, the National Development and Reform Commission and the National Energy Administration have issued the ‘Guidance on Accelerating the Development of New Energy Storage (Draft for Solicitation of Comments)’ (referred to as the ‘Guidance’), which has given rise to the energy storage industry and even the energy industry.

Why is energy storage important?

Driven by the national strategic goals of carbon peaking and carbon neutrality, energy storage, as an important technology and basic equipment supporting the new power systems, has become an inevitable trend for its large-scale development.

How will the NEA improve China's energy storage capacity?

The NEA said it will actively strengthen planning, improve standard systems and refine the market mechanism to promote the high-quality development of new-type energy storage. China's energy storage capacity is expanding to facilitate the utilization of growing renewable power amid the country's efforts to advance its green energy transition.

What is the 'guidance' for the energy storage industry?

Based on the above analysis, as the first comprehensive policy document for the energy storage industry during the ‘14th Five-Year Plan’ period, the ‘Guidance’ provided reassurance for the development of the industry.

Will energy storage eliminate industrial development?

In the context of the ‘dual-carbon’ goal and energy transition, the energy storage industry’s leapfrog development is the general trend and demand. The follow-up actions will inevitably introduce a series of policies for the development of energy storage to eliminate industrial development. Faced with ‘obstacles’ one by one.

Will China achieve full market-oriented development of new energy storage by 2030?

The country has vowed to realize the full market-oriented development of new energy storage by 2030, as part of efforts to boost renewable power consumption while ensuring stable operation of the electric grid system, a statement released by the National Development and Reform Commission and the National Energy Administration said.