Energy storage Archives - Page 2 of 7

Construction of 350MW salt cavern compressed air energy storage project started

The first phase of the Taian (in Shandong province) 2*300MW compressed air energy storage project has started construction. A 350MW/1400MWh energy storage system will be built in this first phase, representing a CNY 2.23 billion (USD 310 million) investment. It will use a low-melting point molten salt high-temperature adiabatic (i.e., heat does not enter or …

Construction of 350MW salt cavern compressed air energy storage project started Read More »

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

Energy storage

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 …

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

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

Energy storage

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

Energy storage, Uncategorized

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 …

Jiangsu sets 2.6 GW new energy storage capacity target by 2025 Read More »

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