2024.5.6 Industry News

1. International Energy Agency: Battery storage will become a strong boost to energy security

China Energy Storage Network news: In the recently released "battery and energy security transition" report forecast, Battery technology is critical to meeting climate and energy development goals, and the installed capacity of batteries will need to increase six-fold by 2030 to meet climate targets.

"Electricity and transport are two of the most important areas to achieve greenhouse gas reductions if climate targets are to be met."

According to the report,"Batteries can provide a foundation for reducing emissions in both areas, play an important role in the expansion of renewable energy and the electrification of transport, and provide a secure and sustainable supply of energy for business and households."

2. Industrial and commercial energy storage market growth, the total installed capacity will double again this year

China Energy Storage network news: This year's "Government Work Report", for the first time put forward the "development of new energy storage", As of the end of the first quarter of this year, more than 35 million kilowatts of new energy storage projects have been completed and put into operation nationwide, an increase of more than 200%.Among them, lithium-ion battery energy storage capacity accounted for more than 95%. Affected by the rapid decline in upstream lithium carbonate prices, energy storage investment costs have been significantly reduced, bringing new opportunities to the development of new energy storage.

3. In 2024, the new installed capacity of new energy storage in Q1 exceeded 9GWh. The user side link relative increased by 63.9%.

In 2024, the new installed capacity of new energy storage projects in Q1 was 3.76GW/9.18GWh, +143.44% year-on-year. The newly installed capacity on the user side was 0.413GW/1.189GWh, with medium and large projects accounting for 14.02%, and the number of optical storage and charging stations surged.

According to the data released by the National Energy Administration, by the end of 2023, the cumulative installed capacity of new energy storage projects in the country has reached 31.39GW/66.87GWh, and the new installed capacity reached 22.60GW/48.70GWh last year, an increase of more than 260% over the end of 2022,。

In the 2024 work report of the national and local governments, new energy storage is also highlighted.

According to incomplete statistics of CESA energy storage Application Branch, although the first quarter is usually the off-season of grid-connection, the newly installed capacity of new energy storage projects in 2024 Q1 still reached 3.76GW/9.18GWh, and the capacity scale was +143.44%.

According to incomplete statistics of CESA Energy storage Application Branch, in 2024 Q1 new energy storage projects installed 2.257GW/4.616GWh on the grid side, the capacity scale accounted for 50.29%; The new installed capacity on the power side is 1.094GW/3.375GWh, accounting for 36.76% of the capacity scale. The new installed capacity on the user side surged, and the operation scale reached 0.413GW/1.189GWh. The projects were mainly micro and small industrial and commercial projects, but also included a number of medium and large industrial and commercial energy storage projects, with the capacity scale accounting for 12.95%.