China’s pumped hydro storage pipeline surpasses 100 GW

According to latest statistics, more than 101.46 GW worth of pumped hydro projects have been signed or made progress towards completion in 2021. It is more than three times China’s installed capacity in 2020. The main investors are the two grid operators, SGCC and CSG, which invested in one quarter of projects. Traditional energy companies are also active with the Big Five power generators participating in 21 % of projects and China Three Gorges holding 12%. The top 3 provinces in terms of project count are Hubei, Zhejiang, and Hunan with 16, 10, and 9 projects, respectively.

(BJX)

Pumped hydro investment is dominated by grid operators

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