Energy storage industry in hubei

What is the economy of Hubei?

Hubei is the 7th-largest provincial economy of China, the second largest in the Central China region after Henan, the third largest in the South Central China region after Guangdong and Henan and the third largest among inland provinces after Henan and Sichuan. As of 2021, Hubei's nominal GDP was US$787 billion (CNY 5 trillion).

Who owns China Energy Engineering Corporation?

It is the largest grid-connected CAES project of its size in the world, engineering firm China Energy Engineering Corporation claimed in its announcement of the project (or specifically, the first in the world of that scale). The project is owned by China Energy Construction Digital Group and State Grid Hubei Integrated Energy Services Co.

Who owns China Energy Engineering Corporation & China Energy Construction Digital Group?

Both China Energy Engineering Corporation and China Energy Construction Digital Group are part of government-owned Assets Supervision and Administration Commission of the State Council. The project was built three to four times quicker than a pumped hydro energy storage (PHES) plant would need (6-8 years), China Energy Engineering added.

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.