The national energy administration will supervise new energy storage issues

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.

Will NEVs become a part of the electrochemical energy storage system?

By 2030, the NEVs will become an important part of the electrochemical energy storage system, said the guideline. The guideline outlines six major tasks, including improving the supporting electricity price and market mechanism and systematically strengthening power grid enterprises' support capabilities.

What is the NEA 'promotion of new energy storage integration & dispatch utilization'?

The NEA issued a notice in April titled "Promotion of New Energy Storage Integration and Dispatch Utilization", aimed at standardizing the integration of new energy storage into the grid and promoting efficient dispatch utilization of new energy storage.

How is the government advancing energy storage technologies?

The government has been continuously advancing energy storage technologies, with several compressed air energy storage, flow battery storage, and sodium-ion battery storage projects put into operation across the nation, Bian Guangqi, an NEA official, said at the conference.

Will China's energy storage capacity exceed 30 GW by 2025?

According to the Guiding Opinions on Accelerating the Development of New Energy Storage report jointly issued by the National Development and Reform Commission and the National Energy Administration, China's installed capacity for new energy storage will exceed 30 GW by 2025.

What is new energy storage?

New energy storage refers to electricity storage processes that use electrochemical, compressed air, flywheel and supercapacitor systems but not pumped hydro, which uses water stored behind dams to generate electricity when needed.