Fast adoption: Workers produce solar photovoltaic modules used for solar panels at a factory in Jiangsu province. China has completed and put into operation new energy storage projects with a cumulative installed capacity exceeding 17.33GW by end-June. — AFP
BEIJING: Energy storage has become pivotal in ensuring efficient power grid operation and accelerating the transition to green energy sources, as China accelerates its green energy transition, says a top company official.
With the growing adoption of renewable energy technologies like wind and solar power, energy storage systems are emerging as indispensable components of modern electricity grids, said Zhu Yufeng, board chairman of GCL Energy Technology.
“As an ‘energy transporter’ and ‘stabiliser’ for new energy sources, energy storage can make up for the intermittent and fluctuating characteristics of new energy sources, solving issues related to the high proportion of non-fossil energy sources and the large-scale integration into new power systems,” he said during the new energy storage industry high-quality development forum held in Taiyuan, Shanxi province, yesterday.
The new energy storage sector has been rising fast as a new frontier, becoming a significant driver for the high-quality development of the new energy industry, he said.
Figures released by the National Energy Administration revealed that by the end of June, China completed and put into operation new energy storage projects with a cumulative installed capacity exceeding 17.33 gigawatts (GW).
Newly commissioned projects reached a combined capacity of about 8.63GW during the first half, roughly equivalent to the cumulative installed capacity in previous years.
It is expected that the total newly installed capacity for the whole year will reach 15GW to 20GW, it said.
According to the Guiding Opinions on Accelerating the Development of New Energy Storage report jointly issued by the National Development and Reform Commission and the National Energy Administration, China’s installed capacity for new energy storage will exceed 30GW by 2025.
Zhu added that energy storage will have significant potential for growth in the next three decades, with batteries, advanced technologies and smart systems revolutionising the way clean energy is harnessed and distributed.
The company launched a series of energy storage products recently on the sidelines of the 2023 International Forum on Energy Transition held in Suzhou, Jiangsu province.
These include energy storage-dedicated battery cells, liquid-cooled integrated energy storage cabinets, super energy storage power stations, and super storage and charging integrated charging piles.
The products will further support interaction with the grid while integrating energy storage and charging, so as to help minimise the impact of overcharging on the grid as much as possible, it said.
However, there is still a considerable distance to go before the energy storage industry achieves full-scale development. — China Daily/ANN
