In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.
The plan specified development goals for new energy storage in China, by 2025, new energy storage technologies will step into a large-scale development period and meet the conditions for large-scale commercial applications.
By 2030, new energy storage technologies will develop in a market-oriented way. Newer Post NDRC and the National Energy Administration of China Issued the Medium and Long Term Development Plan for Hydrogen Industry (2021-2035)
Long duration electricity storage (LDES) will be pivotal in delivering a smart and flexible energy system that can integrate high volumes of low carbon power, heat, and transport.
“In light of the huge economic damage the recent energy crisis has caused, it is distressing to see that the Government lacks a clear plan for energy supply risks and indeed is still deliberating over investment in energy storage to prevent future crises.” Baroness Brown of Cambridge, Chair of the House of Lords Science and Technology Committee.
Barriers to the development of BESSs and other energy storage systems also include high upfront capital costs, uncertain revenue streams and delays to grid connections. In response to these concerns, the government published its action plan to accelerate grid connections in November 2023.