Sinopec energy storage role

Why is underground gas storage important for China's Energy Security?

Therefore, accelerating the construction of underground gas storage is an important strategic demand to ensure China’s energy security. Based on the above analysis, the use of deep underground spaces for large-scale energy storage is one of the main methods for energy storage.

Which natural gas storage facilities are used in China?

At present, China’s large-scale natural gas storage facilities mainly include depleted reservoirs, salt caverns, and LNG storage tanks. According to international practice, it is only once the storage of working gas reaches about 15% of annual consumption that a safe supply of natural gas can be ensured .

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.

What is the installed capacity of wind- and solar-derived energy in China?

The total installed capacity of wind- and solar-derived energy in China reached 2.42 × 10 8 kW. During the 13th Five-Year Plan, the average annual growth rate of installed capacity of wind- and solar-derived energy was about 12% .