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According to data from 2023, the global installed capacity of new energy storage reached 91.3 GW, with an annual growth rate of 90.3%. In China, the newly added installed capacity of new energy storage was 21.5 GW, representing a year-on-year increase of over 150%, maintaining a three-digit growth rate for two consecutive years.
During this process, commercial energy storage is deeply integrated into zero-carbon parks, gradually becoming a new engine for green development. Dr. Cao Wei, General Manager of the commercial energy storage product line at Sunshine Power, noted that the reform of the electricity market and policies on new energy storage are driving commercial energy storage to transition from being a “backup power source” to a “value-generating entity.”
On April 10, the Industrial and Information Technology Department of Anhui Province announced initiatives to create an internationally influential cluster for advanced photovoltaic and new energy storage manufacturing. This includes strengthening the construction of relevant academic disciplines and upgrading educational points to establish a talent cultivation system tailored to the advanced photovoltaic and new energy storage industries.
The Gansu Longnan government has set a target for the city’s new energy installed capacity to exceed 3 million kW by the end of 2030, achieving an installed capacity ratio of approximately 67% and a power generation ratio of 54%. The projects for pumped-storage hydropower in Dangchang County and Xihe County are under construction, and the installed capacity for new energy storage is expected to reach 300,000 kW.
In Shanghai, a comprehensive test of vehicle-to-grid (V2G) technology is underway, aiming to establish 30,000 to 50,000 intelligent charging and discharging piles by 2030. This initiative is part of the city’s plan to accelerate the demonstration and innovative development of new energy storage technology.
According to the Ministry of Industry and Information Technology, it is estimated that by 2030, China’s new energy storage market will exceed 200 GW in cumulative installed capacity. The annual compound growth rate from 2021 to 2024 is projected to be 121% for new energy storage.
As the energy revolution progresses, the storage industry is becoming a strategic pivot for constructing a new power system. With innovations in technology and applications, including the introduction of advanced lithium batteries and intelligent energy management systems, the future of energy storage looks promising.
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