New plan calls for expansion of energy-storage applications, including more projects in desert areas and at retired coal-fired power plant sites
China, which already boasts the world’s largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion), according to Beijing’s latest action plan.
As outlined in the action plan, China’s “new-energy storage system” capacity – primarily based on lithium-ion batteries – is set to exceed 180 gigawatts within two years, up from 95GW as of June.
Released jointly by the National Development and Reform Commission and the National Energy Administration (NEA) on Friday, the plan also aims to expand energy storage applications, encouraging projects in desert areas and retired coal-fired power plant sites.
Additionally, it pledged to develop alternative energy-storage technologies, including hydrogen storage, compressed-air energy storage, and sodium-ion battery storage.
