Shangneng electric s core energy storage products

How to judge the progress of energy storage industry in China?

Chen Haisheng, Chairman of the China Energy Storage Alliance: When judging the progress of an industry, we must take a rational view that considers the overall situation, development, and long-term perspective. In regard to the overall situation, the development of energy storage in China is still proceeding at a fast pace.

Will electrochemical energy storage grow in China in 2019?

The installation of electrochemical energy storage in China saw a steep increase in 2018, with an annual growth rate of 464.4% for new capacity, an amount of growth that is rare to see. Subsequently, the lowering of electrochemical energy storage growth in China in 2019 compared to 2018 should be viewed rationally.

Are 1500V energy storage products a trend?

Proponents believe that the cost and power generation efficiency of the 1000V system is difficult to meet the needs of large-scale energy storage power stations and large-capacity power generation equipment, so the development of 1500V-related energy storage products has become a trend.

How much energy storage capacity does the energy storage industry have?

New operational electrochemical energy storage capacity totaled 519.6 MW/855.0 MWh (note: final data to be released in the CNESA 2020 Energy Storage Industry White Paper). In 2019, overall growth in the development of electrical energy storage projects slowed, as the industry entered a period of rational adjustment.

Which energy storage technologies are most important?

Physical energy storage technologies need further improvements in scale, efficiency, and popularization, and substantial progress is expected in 100 MW advanced compressed air energy storage, high density composite heat storage, and 400 kW high speed flywheel energy storage key technologies.

Does Sungrow have a 1500V energy storage system?

At the beginning of 2020, Sungrow announced that it would transplant its 1500V energy storage technology, which has been overseas for many years, to China; at major exhibitions in the second half of the year, head inverter companies exhibited 1500V energy storage system solutions.