China, which already boasts the world's largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion), according to Beijing's latest action plan.
The move is part of China's broader push toward a green, low-carbon energy transition as well as high-quality economic and social development. It builds on significant growth in the sector. As of the end of 2024, the country's installed capacity of new-type energy storage had reached 73.76 million kilowatts, according to official data.
From an international perspective, the IEA estimates that China will have the highest installed electrochemical energy storage capacity by 2026, accounting for 22% of the global total. By then, China will be on a par with Europe and outstrip the US by 7 percentage points (Figure 5). 2.
BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems.
KPMG China and the Electric Transportation & Energy Storage Association of the China Electricity Council (''CEC'') released the New Energy Storage Technologies Empower Energy
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According to Bian Guangqi, deputy director general of the NEA''s department of energy conservation and technology equipment, China''s new energy storage capacity has grown more than
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China aims to install more than 100 GW of new energy storage – primarily battery storage, excluding pumped hydro – by 2027, according to a new action plan presented by authorities
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Announced by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA), the new plan is expected to drive CNY 250 billion
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The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China, the sector
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China, which already boasts the world''s largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion),
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In terms of application, equipping energy storage in renewable electricity generation projects is the main application field for new type energy storage, with a cumulative installed capacity
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By the end of September 2025, China''s new energy storage installed capacity had reached 103 GW, over 30 times higher than at the end of the 13th Five-Year Plan.
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The China New Energy Storage Development Report 2025 represents a major milestone in the institutionalization of NES planning and governance in China. By quantifying progress and
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The country aims to achieve more than 180 million kilowatts of installed new-type energy storage capacity by 2027, which is expected to drive approximately 250 billion yuan (about 35.2
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