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China is looking to almost double its so-called new energy storage capacity to 180 gigawatts (GW) by 2027, according to an industry plan announced by authorities on Friday.
In this episode, we take you inside China''s groundbreaking Solar Mega-Project, a technological marvel that''s transforming the global energy landscape.
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Our Standards: The Thomson Reuters Trust Principles. China is looking to almost double its so-called new energy storage capacity to 180 gigawatts (GW) by 2027, according to an industry plan announced by authorities on Friday.
CNESA’s involvement reflects the report’s collaborative yet government-led nature, ensuring data integrity and broad sectoral representation. The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year.
Li added that China's dominance in energy storage technology, particularly in battery cell production, places it in a leading position to shape global storage standards. At the end of the first half, power storage capacity in China surpassed 100 GW, reaching 103.3 GW, a 47 percent year-on-year increase.
State Grid Corp of China currently has a scale of 36.80 million kW or 77.56 million kilowatt-hours of new energy storage, with 95 percent of this capacity becoming operational over the past three years, underscoring the accelerated pace of energy storage deployment across China.
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.
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.
