Zhongbei energy storage investment

Is energy storage development accelerating in China?

While energy storage development is accelerating in China and other higher-income countries, the share of investment volume in storage technologies out of all forms of clean energy investments is very small.

What is China's energy storage capacity?

China’s energy storage capacity accounted for 22% of global installed capacity, reaching 46.1 GW in 2021 [ 5 ]. Of these, 39.8 GW is used in pumped-storage hydropower (PSH), which is the most widely used storage technology.

Which energy storage technology is most widely used in China?

Of these, 39.8 GW is used in pumped-storage hydropower (PSH), which is the most widely used storage technology. The share of novel energy storage technologies represents only 12.5% of the total installed capacity in China, where electrochemical storage is the most technically viable technology, followed by fast-growing compressed-air storage.

Can a lack of economic incentives crowd out energy storage investments?

A lack of economic incentives may crowd out energy storage investments led by private investors. As of May 2022, 23 provinces in China introduced a new policy with mandatory requirements of at least 10% of the renewable-storage pairing ratio to scale up investments in energy storage [ 18 ].

Could joint development of energy storage supply chains improve technology innovation?

The joint development of energy storage supply chains in BRI countries is a win-win solution, which could improve technological innovation capacities of Chinese companies, and host countries may benefit from value-added green manufacturing growth.

Should energy storage technologies be included in emerging infrastructure asset classes?

To meet investor demand, all types of new energy storage technologies need to be included as the emerging infrastructure asset classes, which have not yet been introduced by the NDRC [ 41 ].