14th five-year plan swedish energy storage

Why is the 14th five year plan for energy storage important?

However, the upcoming 14th Five Year Plan for Energy Storage shall address some critical matter. The country is eyeing on a massive renewable expansion in the coming decades, driven by the ambition to hit carbon neutrality by 2060. The nascent energy storage infrastructure becomes an obvious weak link.

What is the 14th Five-Year Plan period?

The 14th Five-Year Plan period is the implementation of the Medium and Long Term Development Plan for Pumped Storage (2021–2035) , while “approval status” is an important “barometer” of pumped storage development and construction.

Should the 14th five year plan provide a better policy framework?

The upcoming 14th Five Year Plan should consider providing a better policy infrastructure for the nascent energy storage market–especially, a policy framework that would provide a solid commercial case for storage developers. [Energy Iceberg’s 14th Five Year Plan series: on Coal, on Renewable targets. ]

How much pumped storage capacity will be approved in 14th five-year plan?

During the 14th Five-Year Plan period, about 210 gigawatts of pumped storage capacity will be approved. Under the huge market demand, more and more survey and design units have entered the field of pumped storage, forming competitive pressure on traditional pumped storage design units. Statistical data of design units, as shown in Table 3. Table 3.

When will the 14th FYP for energy be presented?

Based on the timeline of previous five-year plans for energy, it is expected that the 14th FYP for energy will be presented approximately one year into the five-year period. ◼ One of the main topics to be addressed in the 14th FYP will be how to secure energy supply while not depending on expensive imported energy.

How many pumped storage projects have been approved in Henan province?

Since the 14th Five-Year Plan, six pumped storage projects have been approved in Henan Province, with a total installed capacity of 8.8 gigawatts and a total estimated investment of 57.967 billion yuan, completing 74.5 % of the approved capacity planned in the 14th Five-Year Plan.