Reuters: China invests 35 billion US dollars to bet on a comprehensive energy transition!
According to Reuters, China is launching an unprecedented wave of energy storage investment, planning to invest about 35 billion US dollars, aiming to double the battery energy storage capacity from the current level by 2027, in order to enhance grid stability, support the large-scale access of renewable energy, and take a key step in the path of energy transition.
China's wind power, photovoltaic and other renewable energy sources are accelerating the replacement of traditional fossil fuels. Currently, their intermittent power generation characteristics pose challenges to grid stability. Battery energy storage systems act like "giant charging banks," storing electricity when there is surplus and discharging it when there is a shortage, effectively smoothing fluctuations and enhancing grid resilience.
This 35 billion US dollar investment will focus on supporting the construction of electrochemical energy storage projects, covering multiple technology routes such as lithium-ion batteries and flow batteries, and promoting the development of energy storage stations toward scale and intelligence. At the policy level, the National Energy Administration has introduced a number of encouraging measures, including improving the electricity pricing mechanism, opening up market trading, and clearly defining the proportion of energy storage for new energy projects, paving the way for commercial operation of energy storage. Local provinces and cities have also included energy storage in their infrastructure investment priorities.
China is using systematic strategic investments to build energy storage as a core pivot of the new energy system. The essence of this core investment lies in positioning "energy security." A technological-driven, market-synchronized energy revolution is rapidly emerging in China.
Original: www.toutiao.com/article/1843098693421063/
Statement: This article represents the personal views of the author.