North asia china network compressed air energy storage

What is a compressed air energy storage project?

A compressed air energy storage (CAES) project in Hubei, China, has come online, with 300MW/1,500MWh of capacity. The 5-hour duration project, called Hubei Yingchang, was built in two years with a total investment of CNY1.95 billion (US$270 million) and uses abandoned salt mines in the Yingcheng area of Hubei, China’s sixth-most populous province.

Is China planning to use compressed air for energy storage?

But according to Asia Times, China is planning to lean heavily on compressed air energy storage (CAES) as well, to handle nearly a quarter of all the country's energy storage by 2030.

How efficient is China's new compressed air plant?

According to China Energy Storage Alliance, the new plant can store and release up to 400 MWh, at a system design efficiency of 70.4%. That's huge; current compressed air systems are only around 40-52% efficient, and even the two larger Hydrostor CAES plants scheduled to open in California in 2026 are only reported to be around 60% efficient.

When is the 2nd Energy Storage Summit Asia?

Energy-Storage.news’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers.