[Photo/China News Service] China came up with a national energy storage industry innovation alliance on Monday aiming to further boost the country's energy storage sector, as the country aims to promote large-scale use of energy storage technologies at lower costs to back up the world's biggest fleet of wind and solar power plants.
Li added that China's dominance in energy storage technology, particularly in battery cell production, places it in a leading position to shape global storage standards. At the end of the first half, power storage capacity in China surpassed 100 GW, reaching 103.3 GW, a 47 percent year-on-year increase.
China has added 21.5 GW of storage capacity so far this year, which is three times the amount added during the same period in 2022, accounting for 47 percent of the global increase, it said. China's momentum in energy storage reflects a blend of strategic policy support, technological innovation and strong industry partnerships, said Li.
According to the alliance, China's energy storage sector has seen unprecedented growth, with the operational capacity of new energy storage systems surging to 34.5 gigawatts, marking an annual growth rate of 166 percent year-on-year.
The country's storage sector is diversifying beyond lithium-dominant technologies, with recent deployments including projects utilizing flywheel and supercapacitor technologies, a compressed-air facility with a capacity of 300 megawatts, and advanced lithium-ion and lead-carbon hybrid setups, it said.
At the end of the first half, power storage capacity in China surpassed 100 GW, reaching 103.3 GW, a 47 percent year-on-year increase. New energy storage systems now account for nearly 50 percent of the total, with lithium battery storage maintaining a dominant position in this sector, said Li.