Thread by @YanQinyq

🔋China to boost Energy Storage above 30GW by 2025

🇨🇳 state planner NDRC released draft 'Guidelines on Speeding up New Types of Energy Storage (excl. pumped storage) Deployment'

That is tenfold increase in Battery Storage capacity from 2020 level of 3.3GW

The draft NDRC guideline states key targets:

2025: New Type of Energy Storage will evolve from initial commercial stage to large-scale deployment.

2030: Full market-based mechanism for Energy Storage 🔋, meeting needs in New Power System.

🇨🇳energy regulators pinned main measures to boost #EnergyStorage in draft guideline:

🔹Energy Storage sectoral Plan, with targets and key tasks in 14FYP and mid-long term
🔹🔋Technology progress
🔹Energy storage joins power market incl. capacity mechanism

The draft guideline highlights Power Market as main mechanism to incentivize 🔋, supplemented by policy.

-Establish Capacity mechanism on grid side
-Explore to include storage costs into transmission and distribution tariff
-Peak-Valley power price

This new draft guideline provides more concrete measures on how China will develop Energy Storage to achieve 'Power Generation-Grid-Load-Storage Integration'.

'Guideline on power system integration' by energy regulators from March:

https://twitter.com/YanQinyq/status/1367263662872940549

All in all, the NDRC/NEA draft guideline on accelerating Energy Storage will also help to boost sentiment among project developers in China now,,, which was hit by the fire accident at a Beijing energy storage site on 16 April.
xinhuanet.com/english/2021-0…

Is the 30GW battery storage by 2025 an ambitious target?

It means significant buildout must be carried out in next five years.

🇨🇳EPPEI expected Energy Storage (excl. pumped) to reach 30-50GW by 2025, 150GW by 2030, 1000GW for achieving #carbonneutral