CHINA’S new energy storage sector has seen a rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration (NEA).
Bian Guangqi, deputy director of the NEA’s energy saving and technology equipment department said that by the end of 2024, the total installed capacity of new energy storage projects in China reached 73.76 million kilowatts, which represented an increase of over 130 percent compared to the end of 2023. The average energy storage duration is 2.3 hours, an increase of about 0.2 hours since the end of 2023.
New energy storage refers to energy-storage technologies other than conventional pump storage. An energy-storage system charges when wind power or photovoltaic power generates a large volume of electricity or when the power consumption is low, and it discharges otherwise.
Xinhua
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