1. Pumped Storage:dominant in power storage ◼ 2. New Energy Storage (mainly Electrochemical Energy Storage): grow fast with a great prospect China's pumped storage power stations grow steadily, from 18.38 GW in 2011 to 31.49 GW in 2020, with an average annual growth rate of 6.2%.
Each battery energy storage container unit is composed of 16 165.89 kWh battery cabinets, junction cabinets, power distribution cabinets, as well as battery management system (BMS), and the auxiliary systems of distribution, environmental control, fire protection, illumination, etc. inside the container; the battery container is 40 feet in size.
China's pumped storage power stations grow steadily, from 18.38 GW in 2011 to 31.49 GW in 2020, with an average annual growth rate of 6.2%. Thanks to new policies, pumped storage capacity has grown rapidly over the past two years, reaching 45.79 GW by the end of 2022.
Since 2017, the installed capacity of new energy storage has grown rapidly, reaching 8700 MW by the end of 2022, 22 times that of 2017. The energy scale of energy storage power station is expanding. By the end of 2022, it has reached 18.27 GWh, with an average charging and discharging time of 2.1 hours.
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The capacity tariff reflects the value of the auxiliary services provided by the pumped storage power station, such as frequency regulation, voltage regulation, system standby and black
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