Over 10 billion yuan invested in solar energy storage

4 FAQs about [Over 10 billion yuan invested in solar energy storage]

Will China develop new energy storage systems between 2025 and 2027?

BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems.

Will China''s energy storage sector continue to grow?

China''s energy storage sector has experienced rapid growth over the past two years and is expected to maintain strong momentum going forward, as the country continues to expand its renewable energy capacity, said industry experts.

Why is China moving to a new type of energy storage?

The move is part of China''s broader push toward a green, low-carbon energy transition as well as high-quality economic and social development. It builds on significant growth in the sector. As of the end of 2024, the country''s installed capacity of new-type energy storage had reached 73.76 million kilowatts, according to official data.

How big is China''s energy storage capacity?

The China Energy Storage Alliance said in the first half of 2025, newly commissioned novel energy storage projects in China reached 23.03 gigawatts, representing a year-on-year increase of 68 percent in power capacity.

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