Zhongguan new energy storage company

Why is China embracing new-type energy storage?

The new-type energy storage sector is embracing massive opportunities in China as the country has been promoting storage technologies in accordance with a massive wind and solar capacity build-out to allow exports of large-scale clean energy to other regions, Li said.

What is new energy storage?

New energy storage refers to energy-storage technologies other than conventional pump storage, including lithium-ion batteries, liquid flow batteries, flywheel, compressed air, hydrogen and ammonia, as well as heat and cold energy storage.

How big is China's energy storage capacity?

According to a report recently issued by China Energy Storage Alliance (CNESA), by the end of 2022, China's cumulative installed capacity of new energy storage reached 13.1 gigawatts, with an annual growth rate of 128 percent.

What is a new-type energy storage system?

The new-type energy storage systems, meaning all technologies except pumped hydro, is a flexible way of adjusting resource allocation that plays a key role in the large scale of wind and solar energy, said Li Jingru, vice-president of State Grid Economic and Technological Research Institute Co Ltd.

Which energy storage system is best?

XYZ Storage 1500V Liquid-cooled Energy Storage System was conferred “The Best System Integration Solution Supplier Award of 2023”, and Shandong Yishui County’s 300MW/600MWh independent energy storage power station (Phase I) was conferred “The Best Grid-side Application Scenario Innovation Project Award of 2023”.