China energy storage innovation

How important is Chinese innovation in energy storage?

The patent analysis shows that the level of Chinese innovation in energy storage mechanisms is growing, but research in the sector is less important than in countries such as the United States and Japan. As figures 5.7 and 5.8 show, China has few patents in the USPTO, although the number of its patents has been growing quickly since 2008.

How has China's energy storage sector benefited from new technologies?

China’s energy storage sector nearly quadrupled its capacity from new technologies such as lithium-ion batteries over the past year, after attracting more than 100 billion yuan (US$13.9 billion) in direct investment over the past couple of years.

How can China improve energy storage research?

Currently, energy storage research centers are more developed outside China. Chinese researchers can improve their efficiency and knowledge by collaborating with those foreign centers of excellence. Encourage international collaboration in clean energy innovation by opening early-stage demonstration projects to foreign partnerships.

Should China invest in energy storage technology?

Subsidies of at least 0.169 yuan/kWh to trigger energy storage technology investment. Energy storage technology is one of the critical supporting technologies to achieve carbon neutrality target. However, the investment in energy storage technology in China faces policy and other uncertain factors.

Does China support energy storage?

Energy storage is frequently mentioned in China’s national energy policy documents and plans, but no explicit subsidies or support policies for energy storage deployment have yet been released. Most of the policy focus to date has been on encouraging continued technological innovation.

Are energy storage technologies a priority for Innovation?

A few earlier guidance documents, including the 2014 “Energy Development Strategy Action Plan (2014–20),” mention energy storage technologies in the list of technologies being targeted for innovation prioritization (General Office of the State Council 2014).