New Trends in Energy Storage Provinces!
According to the government work report for 2025, China’s energy storage industry has achieved remarkable success, receiving high recognition and clear direction for future development. Energy storage, as a cornerstone in building a new energy system and driving the green low-carbon transition, is increasingly becoming a key element in the growth of regional economies and productivity enhancement.
At the National People’s Congress, leaders and representatives from provinces with advanced energy storage industries focused on essential topics such as “expanding the scale of the energy storage industry” and “building a competitive energy storage industry cluster.” They engaged in in-depth discussions and offered constructive suggestions based on their regional resources and industrial contexts, collectively contributing wisdom and strength to the prosperous development of the energy storage industry. These initiatives not only highlight the important position of the energy storage industry in the national energy strategy but also inject strong momentum and confidence for the future development of the energy storage industry across provinces.
Xinjiang’s Energy Storage Performance in 2024
According to incomplete statistics from the CESA Energy Storage Application Branch database, Xinjiang demonstrated strong growth in the new energy storage sector from January to December 2024, with an added installed capacity of 5.82 GW/20.92 GWh, maintaining a 19.09% capacity share, ranking first among all provinces. Meanwhile, its project reserve reached 2.62 GW/10.45 GWh, accounting for 19.13%, positioning it as the second-largest in the nation.
On the policy front, Xinjiang issued the “Implementation Opinions on Accelerating the Development of New Energy Storage,” clarifying the new energy storage installation target for the 14th Five-Year Plan and significantly increasing the mandatory energy storage ratio for new energy projects to 15%-20%. Supporting investment subsidies, tax incentives, and loan interest subsidies have effectively stimulated social capital participation.
Simultaneously, technological innovation and industrial chain development have made breakthroughs, with pilot applications of advanced technologies such as flow batteries and compressed air storage showing progress. Companies like TBEA have successfully tackled technical challenges in adapting to cold desert environments. The initial industrial chain has begun to form a closed loop of “battery manufacturing – system integration – operation and maintenance services,” attracting leading companies like Sungrow and BYD to set up production lines, accelerating local capacity accumulation and laying a solid foundation for high-quality industrial development.
2025 Development Direction for Xinjiang
Xinjiang’s energy storage projects will focus on various types such as lithium iron phosphate batteries and all-vanadium flow batteries, with significant growth in grid-connected storage demand. Large-scale storage projects like the Xinjiang Huadian Urumqi photovoltaic base project are being implemented alongside the construction of large storage facilities for new energy bases. Additionally, Xinjiang has attracted investments from several central enterprises in new energy storage, with new battery factories planned to have an annual production capacity of 30 GWh.
To support the energy storage industry, Xinjiang has rolled out policies for market transactions, time-of-use electricity pricing, and capacity compensation, promoting the construction and operation of energy storage projects while enhancing the utilization and economic efficiency of energy storage facilities.
Representative Company: TBEA
In 2024, TBEA’s energy storage sector made significant strides. Leveraging its deep expertise in power equipment, the company continues to expand its energy storage business, offering products ranging from large energy storage systems to industrial and commercial storage solutions. TBEA actively promotes innovations in storage technology to enhance system integration efficiency and has successfully won bids for multiple domestic and international energy storage projects. Despite facing increased competition in the industry, TBEA’s energy storage sector has maintained a steady development trend.
Jiangsu’s Energy Storage Performance in 2024
According to incomplete statistics from the CESA Energy Storage Application Branch database, Jiangsu province added 6.41 GW/13.12 GWh of new energy storage capacity in 2024, accounting for 11.97% of the national total and ranking third in the country. The province has 1.69 GW/5.87 GWh of energy storage projects under construction, also ranking third nationally.
In the industrial and commercial storage market, Jiangsu recorded the largest scale of independently configured industrial and commercial energy storage projects, totaling 697.59 MW/1699.57 MWh, making up 33.53% of the capacity. The application of energy storage in steel mills has shown significant effectiveness, not only reducing electricity costs but also ensuring stable power supply.
As the second-largest steel-producing province in China, Jiangsu’s demand for energy storage is increasingly urgent. Furthermore, the Jiangsu Development and Reform Commission has launched the “715” electricity supply assurance project, aiming to accelerate the construction of 41 grid-side energy storage projects to handle peak electricity demands, providing strong policy support for the vigorous development of the energy storage industry.
2025 Development Direction for Jiangsu
Jiangsu has already outlined its action plan for energy storage development in 2025, as released by the provincial Ministry of Industry and Information Technology and six other departments in the “Action Plan for Accelerating the High-Quality Development of New Energy Industry Clusters.” This plan aims to optimize the policy framework for new energy industry development, promote high-quality development of energy industry clusters, and set goals for achieving significant breakthroughs in key technology areas by 2027, including new energy storage.
To accelerate the rapid development of the energy storage industry, the plan aims to nurture 10 leading companies with ecological dominance and international influence, deploying nine major actions that encompass key technology breakthroughs, innovation platform construction, product promotion application, key enterprise cultivation, industrial cluster development, intelligent transformation, green manufacturing advancement, enhancement of industrial foundational capabilities, and overseas market expansion.
Representative Company: Honeycomb Energy
Honeycomb Energy achieved remarkable accomplishments in the energy storage battery sector in 2024. The company increased its research and production efforts, launching several innovative energy storage battery products. Overall battery shipments exceeded 27.5 GWh, a year-on-year increase of 118%. While specific shipment figures for energy storage batteries were not disclosed, the market performance has been positive, with products receiving widespread recognition. The company successfully mass-produced the industry’s first short-blade thermal composite stacked large-capacity energy storage cell, the L500 series, and plans to mass-produce a 770 Ah ultra-large capacity cell in the second quarter of 2025, showcasing the advantages of its thermal composite stacking technology, including efficiency, cost-effectiveness, and longevity.
Conclusion
The energy storage industry is at the forefront of the new energy revolution, driven by technological innovation, policy mechanisms, and regional collaboration, rapidly advancing towards high-quality development. From breakthroughs in hundred-megawatt technology and innovative shared storage models to billion-level industry cluster layouts and electricity market explorations, China’s energy storage industry has formed a “technology-policy-market” support system.
The “Action Plan for the High-Quality Development of the New Energy Storage Manufacturing Industry,” jointly issued by the Ministry of Industry and Information Technology and several other departments on February 17, 2025, not only outlines a strategic goal of “highlighting international competitive advantages across the entire chain by 2027,” but also injects “high-end, intelligent, and green” genes into China’s energy storage industry by nurturing leading ecological enterprises, enhancing the resilience of industrial chains, and improving market standards. We have every reason to believe that when technological breakthroughs overcome cost barriers and market dynamics eliminate supply-demand barriers, energy storage will become the “accelerator” of the new energy revolution. This transformation will reshape the energy structure and mark a significant leap from “Made in China” to “Intelligent Manufacturing in China.”
