Energy storage project industry category

Which energy storage technologies are included in the 2020 cost and performance assessment?

The 2020 Cost and Performance Assessment provided installed costs for six energy storage technologies: lithium-ion (Li-ion) batteries, lead-acid batteries, vanadium redox flow batteries, pumped storage hydro, compressed-air energy storage, and hydrogen energy storage.

How many new electrochemical energy storage projects are there in China?

Global new electrochemical energy storage projects either planned or under construction totaled 2.4GW of capacity, of which China’s planned/under construction projects totaled 609.5MW of capacity.

What are the different types of energy storage technologies?

This report covers the following energy storage technologies: lithium-ion batteries, lead–acid batteries, pumped-storage hydropower, compressed-air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long-duration energy storage technologies.

How many new energy storage projects are commissioned in China?

Figure 2: Cumulative installed capacity of new energy storage projects commissioned in China (as of the end of June 2023) In the first half of 2023, China's new energy storage continued to develop at a high speed, with 850 projects (including planning, under construction and commissioned projects), more than twice that of the same period last year.

What is the cumulative installed capacity of energy storage projects?

The cumulative installed capacity of new energy storage projects is 21.1GW/44.6GWh, and the power and energy scale have increased by more than 225% year-on-year. Figure 1: Cumulative installed capacity (MW%) of electric energy storage projects commissioned in China (as of the end of June 2023)

What is China's operational energy storage capacity?

China’s operational energy storage project capacity totaled 32.5GW, a growth of 3.8% compared to 2019.Q1. Global operational electrochemical energy storage capacity totaled 9660.8MW, of which China’s operational electrochemical energy storage capacity comprised 1784.1MW.