China s smart grid energy storage development

What are the Development Goals for new energy storage in China?

The plan specified development goals for new energy storage in China, by 2025, new energy storage technologies will step into a large-scale development period and meet the conditions for large-scale commercial applications.

What are China's 'grid-connected' and 'demand-side' battery storage goals?

China’s government also set a goal of increasing ‘Grid-connected’ and ‘Demand-side’ battery storage to achieve a flexible and robust grid system. Grid-connected batteries are the most flexible type of storage.

Does China have an energy storage industry?

However, China's energy storage industry is at the exploration stage and far from commercialization. This restricts the development of RES to certain extent. For this reason, this paper will concentrate on China's energy storage industry. First, it summarizes the developing status of energy storage industry in China.

How big is China's energy storage capacity?

China’s chemical energy storage capacity more than tripled to 5.73 gigawatts last year from 2019, according to the China Energy Storage Alliance. Technological advances and industry competition will bring down the high costs of energy storage and smart grid solutions, Lin said.

How will technology affect energy storage & smart grid solutions?

Technological advances and industry competition will bring down the high costs of energy storage and smart grid solutions, Lin said. “Currently, the bulk of the cost comes from the generation side due to fuel costs, while transmission and distribution make up a lesser part,” he said.

Why is energy storage technology needed in China?

In China, RES are experiencing rapid development. However, because of the randomness of RES and the volatility of power output, energy storage technology is needed to chip peak off and fill valley up, promoting RES utilization and economic performance.