China’s National Energy Administration (NEA) announced on January 23 that the country’s installed capacity of new energy storage had surged to 73.76 GW/168 GWh by the end of 2024, marking a twentyfold increase from the end of 2021. Compared to the 31.39 GW/66.87 GWh recorded at the end of 2023, this represents an annual growth rate exceeding 130%.
By the end of 2024, the cumulative installed and operational capacity of new energy storage projects nationwide reached 73.76 GW/168 GWh, approximately 20 times that of the end of the 13th Five-Year Plan and more than 130% higher than at the end of 2023.
The distribution of installed capacity by region was as follows: North China (30.1%), Northwest China (25.4%), East China (16.9%), Central China (14.7%), Southern China (12.4%), and Northeast China (0.5%). New energy storage stations are increasingly centralized and large-scale.
Projects with an installed capacity of 10–100 MW accounted for 32.8%, while projects below 10 MW accounted for 4.9%. Projects with storage durations of 4 hours or more accounted for 15.4% of total installed capacity, a rise of about 3 percentage points compared to the end of 2023.
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In a recent announcement, the National Energy Administration (NEA) said that the new energy storage in China has achieved a milestone in 2024, with the rise in the installed …
China’s National Energy Administration (NEA) announced on January 23 that the country’s installed capacity of new energy storage had surged to 73.76 GW/168 GWh by the …
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