BEIJING: China plans to more than double its energy storage capacity in the next two years to further accelerate the deployment of renewables.
The country aims to have more than 180 gigawatts of battery capacity by 2027, which should drive an investment of 250 billion yuan (US$35.1 billion), according to a work plan issued by the National Development and Reform Commission and the National Energy Administration for the period between 2025 and 2027.
The battery systems, known in China as “new type” of storage to set them apart from hydro-pumped technology, should ensure smooth grid integration of renewable power from intermittent sources such as solar and wind.
China is already the largest battery storage market in the world. As of March, 76.9 gigawatts of projects were built in the country, according to BloombergNEF.