China May Surpass 2025 New-Energy Storage Goal as Regions Plan Capacity Boost

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What’s new: More than two dozen of China’s provinces and cities have set new-energy storage installation targets for 2025, with these regions’ total planned capacity more than doubling the country’s target for the year, according to an industry expert.

As of July, 26 provinces and cities had laid out plans to bring the total installed capacity of their storage facilities for renewable energy projects to 86.6 gigawatts (GW) by the end of 2025, according to data released Sunday by Chen Haisheng, chairman of industry group China Energy Storage Alliance.

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By 2025, 26 Chinese provinces and cities aim for an energy storage capacity of 86.6 GW, more than doubling the national target of over 40 GW set by the State Council.
China's cumulative installed new-energy storage capacity increased by 156.4% year-on-year to 44.44 GW in H1 2024, slower than the previous year's 260.8% growth.
Local government support drives the expansion of new-energy storage to meet President Xi Jinping’s carbon goals, despite a price war in the industry.

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What Happened When

2021：: National authorities set the goal for 2025 at 'more than 30 GW'.

In 2023：: The goal of 'more than 30 GW' for 2025 was achieved.

May 2024：: The State Council issued an action plan setting the national target for new energy storage installations at 'over 40 GW' by the end of 2025.

As of July 2024：: 26 provinces and cities laid out plans to bring the total installed capacity of their storage facilities for renewable energy projects to 86.6 GW by the end of 2025.

July 31, 2024：: The National Energy Administration released data stating the cumulative installed capacity of new-energy storage surged 156.4% year-on-year to 44.44 GW in the first half of 2024.

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