Powerchina invests in energy storage

How much does energy storage cost in China?

In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids were opened on December 4. The tender attracted 76 bidders, with quoted prices ranging from $60.5/kWh to $82/kWh, averaging $66.3/kWh.

What is the largest energy storage procurement in China's history?

The tender marks the largest energy storage procurement in China’s history. In what is described as the largest energy storage procurement in China’s history, Power Construction Corporation of China (PowerChina) is targeting an unprecedented cumulative storage capacity of 16 GWh. The bids were opened on December 4.

What is powerchina's storage initiative?

This storage initiative is part of PowerChina’s broader equipment procurement plan announced on November 13, which also includes 51 GW of solar modules, 51 GW of inverters, 25 GW of wind turbines, and 15,240 prefabricated 35kV substations.

Who is powerchina?

Introduction POWERCHINA has been engaged in the design and construction of pumped storage hydropower (PSH) for more than 60 years and has participated in the construction of more than 90% of PSH stations in China. More than 50 large-scale PSH stations have been built or are under construction by POWERCHINA, with a total capacity of over 60 GW.

What does powerchina stand for?

Power Construction Corporation of China (POWERCHINA) will join hands with Huawei Technologies Co., Ltd. to provide a smart storage system to support construction of a global clean energy and green economic center in Saudi Arabia.

How has the pumped storage energy industry developed in 2022?

The Development Report of the Pumped Storage Industry 2022 pointed out that the pumped storage energy industry has entered a new development stage, serving a more diverse range of objects, and that the development of new formats has become more innovative.