Home Energy system China’s new energy storage will see large-scale development by 2025

China’s new energy storage will see large-scale development by 2025

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China aims to further develop its new energy storage capacity, which is expected to move from the initial commercialization stage to full-scale development by 2025, with an installed capacity of more than 30 million KW. The National Development and Reform Commission (NDRC) said the cost of new energy storage systems will be reduced by more than 30% in 2025 compared to 2020 prices.

The country is committed to achieving the fully market-oriented development of new energy storage by 2030, as part of efforts to boost renewable energy consumption while ensuring stable operation of the grid system. electricity, according to a statement from the NDRC and the National Energy Administration.

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

China aims to further develop its new energy storage systems, which are expected to move from the initial commercialization stage to full-scale development by 2025, with an installed capacity of more than 30 million KW. The National Development and Reform Commission said the cost of these systems would be reduced by more than 30% in 2025 compared to 2020 prices.

Analysts said accelerating the development of new energy storage will help the country achieve its goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060, as well as its ambition. to build a clean, low-carbon, safe and efficient energy system, state-controlled media in the country reported.

China is currently the largest electricity producer in the world. While it aims for renewable energy to account for more than half of its total electricity generation capacity by 2025, compared to 42% currently, this would create difficulties in maintaining stable operation of the electricity grid system. , because renewable energy is subject to variable weather conditions.

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