New battery energy storage manufacturing base

Where is CATL's new battery facility located?

According to a press release from CATL, operations commenced at the new battery facility located in the Guian New District of southwest China’s Guizhou province on October 27. The location is CATL’s latest home to power and energy storage battery production.

How much does a battery production base cost?

CATL states that the first phase of the battery production base costs approximately RMB 7 billion ($957 million) and utilizes an advanced production line with an automation rate of 95%, delivering “a high production pace and high flexibility.”

What are the new technologies in energy storage?

New technologies including gravity storage, liquid air storage, and carbon dioxide storage have been developed as well, according to the NEA. Also, some provincial-level regions launched a new business model to rev up the energy storage industry, allowing the energy storage investors to collect capacity rental fees from users using the grid.

What is China's new energy storage know-how?

Recently, China saw a diversifying new energy storage know-how. Lithium-ion batteries accounted for 97.4 percent of China's new-type energy storage capacity at the end of 2023. Aside from the lithium-ion battery, which is a dominant type, technical routes such as compressed air, liquid flow battery and flywheel storage are being developed rapidly.

What is the energy storage systems campus?

The energy storage systems campus will leverage and stimulate over $200 million in private capital, to accomplish three complementary objectives: optimizing current lithium ion-based battery performance, accelerating development and production of next generation batteries, and ensuring the availability of raw materials needed for these batteries.

Why do we need energy storage facilities?

The energy storage facilities serve to iron out electric use volatility in peaks and troughs and, more importantly, facilitate the utilization of the country's growing clean energy amid its efforts to pursue low-carbon development.