Covering about 200,000 square meters, the new energy storage project attracts a total investment of 1.45 billion yuan ($200 million). Up to 10,000 Megapack units are scheduled to be produced here annually. This photo shows a commercial energy-storage system at US carmaker Tesla''s gigafactory in Shanghai, Feb 11, 2025. [Photo/Xinhua]
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.
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.
The plan outlined 21 key measures, including scaling up energy storage applications in power generation and grid infrastructure, accelerating technological innovation, and improving standardization. It also emphasized talent development and enhancing international cooperation in the sector.
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Covering about 200,000 square meters, the new energy storage project attracts a total investment of 1.45 billion yuan ($200 million). Up to 10,000 Megapack units are scheduled …
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