Energy storage

Energy storage units will be able to earn up to CNY 300 / MW-day on Gansu’s ancillary services market

The Gansu Energy Bureau issued an announcement on the “Interim Rules for the Operation of the Electric Power Ancillary Services Market in Gansu Province”. The document encourages the construction of grid-side energy storage by the various power market players (power generators, power users, ancillary services providers, etc.) via independent or shared energy storage. Shared and …

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Several 10 GW scale energy bases representing USD 87 billion investment start construction in Liaoning province

According to State Grid Corporation of China (SGCC), the construction of six 10 GW energy bases in Liaoning have been launched. These bases represent a total investment of CNY 600 billion (USD 87 billion) and will provide power to the Northeast and Northern regions of China. The first energy base, to be completed during the …

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Jiangsu sets 2.6 GW new energy storage capacity target by 2025

The Jiangsu Development and Reform Commission issued the implementation plan for the development of new energy storage in Jiangsu Province during the “14th Five-Year Plan”. According to the plan, by 2025, new energy storage will have entered the stage of large-scale development and the province’s new energy storage installed capacity will reach about 2.6GW. The …

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The Shandong power spot market welcomes another independent energy storage project

The Shandong Electric Power Trading Center conducted an integrity check on the 10MW/100MWh Feicheng Central Storage and Energy Storage Power Station built by China Reserve National Energy (Shandong) Power Energy Co., Ltd. which applied for registration. (SD power trading) So far the Shandong power trading center has approved 4 batches of independent energy storage projects …

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