China''s renewable-rich regions, such as Northwest China''s Xinjiang Uygur autonomous region, have spearheaded new installations, with both power and energy storage capacities leading the nation.
The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year. This figure accounts for over 40% of the global total, consolidating China''s leading position in the international NES market.
New energy storage features a high intensity of technology and a long industrial chain, and encompasses multiple sectors. It has nurtured numerous innovative enterprises, facilitated breakthroughs in key technologies, and promoted industrial quality
The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year. This figure accounts for over 40% of the global total, consolidating China''s leading position in
On May 26, 2022, China''s first salt cavern compressed air energy storage started operations in Changzhou, Jiangsu province, marking significant progress in the research and application of China''s new energy storage technology.
More than 100 GW came from new energy storage excluding pumped hydro, driven by accelerating deployments and market shifts.
On April 27, 2025, Energy China Network reported the successful commissioning of the 12.5GWh energy storage project, which is part of a larger initiative involving the installation of 120 MC Cube-T batteries.
The report reveals China accounted for 60% of global new installations in 2024, deploying 43.7 GW/109.8 GWh of cutting-edge storage capacity – marking the third consecutive year of global leadership.
China''s renewable energy storage sector is developing rapidly, with installed capacity in operation exceeding 30 million kilowatts of power by the end of 2023. That''s the key message from the National Energy Administration
China''s renewable-rich regions, such as Northwest China''s Xinjiang Uygur autonomous region, have spearheaded new installations, with both power and energy storage capacities leading the nation.
Driven by increased storage requirements for large-scale renewable energy bases and ongoing cost reductions in the supply chain, new installations for generation & grid-side storage also surged in 2024.
By the end of 2023, China had completed and put into operation a cumulative installed capacity of new type energy storage projects reaching 31.4GW / 66.9GWh, with an average storage duration of 2.1 hours.
China''s renewable energy storage sector is developing rapidly, with installed capacity in operation exceeding 30 million kilowatts of power by the end of 2023. That''s the key message from the National Energy Administration in Beijing on Thursday.
The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year. This figure accounts for over 40% of the global total, consolidating China's leading position in the international NES market.
BEIJING, Jan. 24 (Xinhua) -- 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).
According to the report, China's energy storage sector has maintained a rapid growth momentum from 2023, with new energy storage capacity expanding from 8.7 million kilowatts in 2022 to 31.39 million kW last year. On the other hand, new energy storage plants in China are increasingly shifting toward centralized, large-scale installations, it said.
CNESA’s involvement reflects the report’s collaborative yet government-led nature, ensuring data integrity and broad sectoral representation. The most notable finding: by the end of 2024, China had reached 73.76 GW / 168 GWh in cumulative new energy storage capacity—an increase of more than 130% year-on-year.
By the end of 2023, China had completed and put into operation a cumulative installed capacity of new type energy storage projects reaching 31.4GW / 66.9GWh, with an average storage duration of 2.1 hours. The newly added installed capacity in 2023 was approximately 22.6GW / 48.7GWh, which is three times that for 2022 (7.3GW / 15.9GWh).
While China's policy framework for the new energy storage sector is progressively shifting to support large-scale, market-driven growth, Hu suggests further enhancing grid integration and dispatch mechanisms while accelerating the expansion of energy storage.
