Energy Transition

Thirtyfold Growth in Five Years! From China to the World, New Energy Storage Unlocks a Trillion-Yuan Market

Source: China Electric Power News


From China to the World

New Energy Storage Unlocks a Trillion-Yuan Market

 

As the “China International Import Expo 2025” unfolds, a green revolution driving the global energy transition is simultaneously taking shape.

On November 5, as a key session of the 8th Hongqiao International Economic Forum, the Parallel Forum on “Promoting High-Quality Development of New Energy Storage to Accelerate the Global Energy Transition” attracted global attention.

According to information shared at the forum, by the end of September 2025, China’s new energy storage installed capacity had reached 103 GW, over 30 times higher than at the end of the 13th Five-Year Plan, accounting for more than 40% of the global total, ranking first in the world.

As China’s new energy storage industry moves from initial commercialization to large-scale development, what opportunities and challenges lie ahead? And how will the acceleration of the “China Program” reshape the global energy storage ecosystem?

Balancing domestic demand with global expectations, this “Shanghai dialogue” on new energy storage is writing the next chapter of the world’s energy transition story.

 

China’s New Energy Storage Drives Trillion-Yuan Industrial Investment

 

New energy storage is a key technology in building a new energy system and a modern power system, and an essential driver of global green transformation. From being written into China’s 2024 Government Work Report to continuous new project commissioning in 2025, the industry’s growth has clearly accelerated.

“By the end of September this year, China’s new energy storage capacity exceeded 100 GW, becoming an integral part of the new power system.”

—— Song Hongkun

Member of the Party Leadership Group and Deputy Director of the NEA

By province, Inner Mongolia and Xinjiang both exceeded 10 GW, ranking first nationwide. By region, North China accounted for 31.18 GW, or 30.4% of the national total. In terms of scale, installations above 100 MW made up over two-thirds, showing a strong trend toward large-scale development.

As installed capacity rises, China’s energy storage dispatch and operational performance continues to improve. NEA data show that during the first three quarters of 2025, average utilization hours reached 770, up by 120 hours year-on-year, with strong performance in provinces such as Yunnan, Zhejiang, and Jiangsu.

During the peak summer months of July and August - when electricity demand repeatedly surpassed 1 trillion kWh - new energy storage played a vital role. In the State Grid operating area, the maximum dispatchable storage power exceeded 64 GW, with real-time discharge peaking at 44 GW, providing robust support for power supply security.

At the industrial level, China’s innovative practices in new energy storage have also driven significant upgrades across the supply chain. By September, lithium-ion batteries remained dominant, accounting for 96.1% (98 GW) of total capacity. Compared with 2022, EPC tender prices fell by 40% and cell prices by 60%, significantly reducing costs and accelerating exports.

In 2024, Chinese-made storage batteries accounted for over 93.5% of global shipments, with the world’s top eight suppliers all from China. Laureano Ortega Murillo, Adviser to the President of Nicaragua, revealed that the country had begun preliminary cooperation with Huawei in energy storage.

“China has become the world’s largest producer and exporter of lithium batteries. High-quality Chinese energy storage products are now exported to the Americas, Europe, the Middle East, and Oceania, earning widespread recognition from overseas users.”

—— Xiao Lu

Deputy Director-General of the Department of Foreign Trade, Ministry of Commerce

China is now using its technological innovation and manufacturing strength to provide high-performance products to the world - injecting “Eastern Contribution” into the global energy transition.


Unlocking the Full Value of New Energy Storage

 

With the rapid integration of renewable energy, balancing electricity supply and maintaining grid stability have become key challenges. Diverse storage technologies are now serving as flexible resources that can handle intraday, inter-day, seasonal, and regional energy transfers.

Since 2024, multiple 300 MW compressed air, 100 MW flow battery, and MW-class flywheel storage projects have entered operation. Several grid-forming energy storage projects have also been implemented, and innovative technologies such as gravity storage and CO2 compression storage are being rapidly deployed.

Lithium-ion storage continues to evolve toward high-capacity cells and large-scale integration. Flow battery installations have reached 1.15 GW, about 30 times higher than in 2020, while compressed-air storage achieved a “zero-to-one” breakthrough during the 14th Five-Year Plan, now reaching 830 MW. Solid-state and hydrogen storage technologies are also progressing rapidly, marking the rise of a diversified storage landscape.

In January 2025, China’s landmark Policy Document No. 136 (Notice on Deepening Market-Based Pricing Reform for Renewable Energy and Promoting High-Quality Development) provided a clearer market pathway for monetizing storage services such as peak shaving and frequency regulation.

By June, 194 new energy storage power stations (totaling 20.59 GW) in the State Grid area had participated in market transactions, accounting for 27% of total installations - mainly in peak regulation - showing steady growth in both scale and impact.

However, many experts at the forum noted that the full market value of new energy storage remains underdeveloped.

Currently, standalone storage only participates in the day-ahead market; access to the real-time market remains limited. Ancillary service markets lack diversity and sufficient compensation, which fails to reflect the full value of storage in fast frequency response, ramping, capacity, inertia, and black-start services.
— Meng Qingqiang, Chief Engineer of the State Grid Corporation of China
China has yet to introduce a capacity compensation mechanism for energy storage or policies allowing utilities to recover alternative storage costs through transmission and distribution tariffs. This reflects a lag in both understanding and technical capability amid the increasing complexity of the power system.
— Wang Shaowu, Deputy General Manager of China Southern Power Grid
When pricing systems can better reflect true value, market forces will play their proper role.
— Xia Qing, Professor at Tsinghua University

Meng Qingqiang also pointed out that China has yet to introduce a capacity compensation mechanism for energy storage or policies allowing utilities to recover alternative storage costs through transmission and distribution tariffs.

Strengthening Technological and Industrial Cooperation

How can China and the world further accelerate the high-quality development of new energy storage and achieve carbon-peak goals on schedule? Forum participants reached a common consensus: “Accelerate innovation and strengthen international cooperation.”

The recently released 15th Five-Year Plan Proposals emphasize the need to “build a new energy system, continuously increase renewable energy’s share, advance the safe and orderly replacement of fossil fuels, and vigorously develop new energy storage.”

“The next phase will involve coordinated planning for the 15th Five-Year period, accelerating the improvement of market mechanisms, advancing technology R&D, and deepening international collaboration. We will strengthen enterprises’ roles in innovation, improve lithium-ion storage quality and performance, and promote breakthroughs in promising emerging technologies. Meanwhile, following the principles of complementarity and mutual benefit, we will enhance bilateral and multilateral cooperation to jointly advance technological progress and industrial development.”

—— Bian Guangqi

Deputy Director of the Department of Energy Conservation and Technology Equipment, NEA

“Continuing institutional reforms to strengthen storage’s role as an independent market entity, enabling participation in energy, ancillary service, and cross-province trading markets, while fostering new business models such as leasing and capacity compensation.”

—— Wang Shaomin

Deputy General Manager of State Power Investment Corporation (SPIC)

“By 2030, China’s new energy storage capacity could reach 260 GW, continuing to lead global development.”

—— Steven Chu

Nobel Laureate in Physics and former U.S. Secretary of Energy

According to the China Energy Storage Industry White Paper 2025, under a conservative scenario, China’s cumulative new energy storage capacity will reach 236.1 GW by 2030, representing a 20.2% CAGR (2025–2030); under an optimistic scenario, it could reach 291.2 GW, with a 24.5% CAGR.

“After the rapid growth of the 14th Five-Year period, the new energy storage sector will accelerate again during the 15th Five-Year Plan, expanding applications, innovating business models, and unleashing new momentum.

China’s energy storage business model has shifted toward value-driven growth. Products with superior technical performance, higher safety, and optimized costs will gain stronger competitiveness, steering the industry toward high-quality development - from ‘price competition’ to ‘value competition.”

—— Yu Zhenhua

Founder and Executive Vice Chairman of the CNESA (China Energy Storage Alliance)

(By Yi Yuntong)


CENSA Upcoming Events:

1. Dec.4-5 | 2025 China Energy Storage CEO Summit | Xiamen, Fujian

Register Now to attend

Read more: http://en.cnesa.org/new-events-1/2025/12/4/dec4-5-2025-china-energy-storage-ceo-summit

2. Apr. 1-3, 2026 | The 14th Energy Storage International Conference & Expo

Register Now to attend, free before Oct 31, 2025.

Read more: https://en.cnesa.org/new-events-1/2026/4/1/apr-1-apr3-the-14th-energy-storage-international-exhibition-amp-expo

The 8th Hongqiao International Economic Forum’s Parallel Forum on New Energy Storage Held in Shanghai

"Those who share the same aspirations will not be kept apart by mountains and seas."


On November 5, 2025, the 8th China International Import Expo (CIIE) opened as scheduled. As one of its key supporting events, the Hongqiao International Economic Forum focuses on major global economic issues. This year, a Parallel Forum on New Energy Storage was held, reflecting the world’s shared attention to energy transition and sustainable development.

On the afternoon of November 5, the Parallel Forum on “Promoting High-Quality Development of New Energy Storage to Accelerate the Global Energy Transition”, jointly hosted by the National Energy Administration (NEA) and the Ministry of Commerce (MOFCOM), was successfully held at the National Exhibition and Convention Center (Shanghai). The event was co-organized by the Institute of Science and Development, Chinese Academy of Sciences (CASISD), the Institute of Engineering Thermophysics, CAS, The Paper, and the China Energy Storage Alliance (CNESA).

The forum brought together high-level guests from across China and abroad. Notable participants included Mr. Song Hongkun, Member of the Party Leadership Group and Deputy Director of the NEA; Ms. Xiao Lu, Deputy Director-General of the Department of Foreign Trade, MOFCOM; Mr. Zheng Deyan, Deputy Secretary of the Party Leadership Group and Deputy Director of the Shandong Provincial Development and Reform Commission, and Director of the Provincial Energy Bureau; Mr. Yang Yang, Director of the Xinjiang Uygur Autonomous Region Energy Bureau; Mr. Meng Qingqiang, Chief Engineer of the State Grid Corporation of China; Mr. Wang Shaowu, Deputy General Manager of China Southern Power Grid; Mr. Wang Shaomin, Deputy General Manager of State Power Investment Corporation (SPIC); Prof. Xia Qing from Tsinghua University; Mr. Pan Jiaofeng, President of CASISD; Mr. Yu Zhenhua, Executive Vice Chairman of CNESA; and Mr. Chen Xiang, Senior Vice President of EVE Energy and Head of EVE Energy Storage.

International guests included Mr. Laureano Ortega Murillo, Advisor to the President of the Republic of Nicaragua for Investments, Trade and International Cooperation, and Mr. Adam Bralczyk, Consul General of the Republic of Poland in Shanghai.
Dr. Steven Chu, Nobel Laureate in Physics and former U.S. Secretary of Energy, joined the event via video link.

The forum attracted extensive participation across the energy storage ecosystem, highlighting a shared commitment to high-quality development and open collaboration.
Leaders from the National Development and Reform Commission, the Ministry of Industry and Information Technology, and provincial energy authorities from Liaoning, Hebei, Jiangxi, Guangdong, Sichuan, Yunnan, Inner Mongolia, Hunan, Guangxi, and Gansu attended.
Executives from major state-owned enterprises such as State Grid, China Southern Power Grid, Huaneng, Datang, Huadian, SPIC, China Three Gorges Corporation, China Energy, POWERCHINA, Energy China, CGN, Inner Mongolia Energy Group, and Guangxi Energy Group were also present.
Representatives from leading enterprises, research institutes, and financial institutions participated, alongside international delegates from the Embassy of the French Republic, the Consulate General of the Republic of Finland in Shanghai, and the German Chamber of Commerce Abroad – Greater China (AHK), reflecting strong global consensus and cooperation toward energy transition.

The session was moderated by Mr. Liu Deshun, Director-General of the Department of Energy Conservation and Science & Technology Equipment at the NEA.


In his opening address, Deputy Director Song Hongkun emphasized that, marking the 10th anniversary of the Paris Agreement, the NEA continues to implement the “Four Revolutions, One Cooperation” energy security strategy, building the world’s largest and fastest-growing renewable energy system and a complete new energy industry chain.
As a key enabler of China’s new power system, new energy storage has achieved remarkable progress — reaching over 100 GW of installed capacity by September 2025 — and has become essential for renewable integration and energy security.

Since the start of the 14th Five-Year Plan, China’s new energy storage has directly driven over 200 billion yuan in project investment and over 1 trillion yuan across the industrial chain, supplying high-performance products globally and contributing to the energy transition. Looking ahead to the 15th Five-Year Plan, the NEA will continue promoting innovation, improving market mechanisms, and fostering new productivity in the energy sector to ensure the carbon peak goal is met on schedule.


Mr. Laureano Ortega Murillo stated that Nicaragua is accelerating industrialization and energy diversification to meet growing power demand.
With abundant solar, wind, and geothermal resources, Nicaragua has already partnered with CCCC, POWERCHINA, and Huawei in renewable and storage projects. He welcomed further Chinese investment and cooperation to jointly advance global energy transition.


Ms. Xiao Lu, Deputy Director-General of MOFCOM’s Department of Foreign Trade, noted that Chinese energy storage enterprises are rapidly expanding abroad, leveraging technological and supply chain advantages to power the global green transition.
She highlighted three major trends:

  1. Continuous expansion of trade volume;

  2. Strengthened role as a global supply chain hub;

  3. Steady growth in outbound investment.
    Looking ahead, China will further support two-way openness — encouraging foreign enterprises to establish R&D centers in China and supporting domestic companies to “go global” — while enhancing international standards cooperation and alignment.


Mr. Bian Guangqi, Deputy Director-General of NEA’s Department of Energy Conservation and Science & Technology Equipment, delivered a keynote titled “Vigorously Developing New Energy Storage to Support New Power Systems.”
He highlighted that NEA continues to advance innovation and comprehensive policy measures, creating favorable conditions for technology progress, industrial growth, and improved commercial models in the new energy storage sector.


Dr. Steven Chu, Nobel Laureate and former U.S. Secretary of Energy, stressed via video that the world faces an urgent decarbonization challenge. While renewable energy costs have fallen sharply, he noted that achieving deep decarbonization requires multiple complementary technologies.
He praised China’s global leadership in large-scale wind turbines, battery storage, and nuclear cost control, and emphasized that efficient, affordable energy storage, next-generation nuclear, and carbon capture and storage (CCUS) will be crucial to achieving climate goals.


Mr. Meng Qingqiang, Chief Engineer of State Grid, analyzed challenges such as planning mismatches, insufficient market value recognition, and incomplete safety standards. He proposed coordinated planning, diversified market mechanisms, and accelerated innovation to support new power system construction.


Mr. Wang Shaowu of China Southern Power Grid emphasized that energy storage, as a strategic technology for new power systems, faces both opportunities and challenges in achieving high-quality development. He outlined the company’s strategy to strengthen value creation, system integration, and platform-based innovation.


Mr. Wang Shaomin of SPIC reported that China’s cumulative new energy storage capacity reached 114 GW by October 2025, marking a shift from policy-driven to market-driven growth. SPIC now operates 279 projects totaling 8.74 GW (20.94 GWh), ranking first nationwide, and will continue promoting global collaboration and innovation.


Mr. Zheng Deyan from Shandong Energy Bureau shared Shandong’s leadership in energy storage, noting 9.74 GW of operational capacity, ranking among the top three provinces in China for three consecutive years. The province aims to establish a “predictable, sustainable, and scalable” market mechanism to ensure reasonable returns and reduce investment risk.


Prof. Xia Qing from Tsinghua University analyzed China’s policy evolution from early mandatory installation to market-based incentives such as capacity compensation and spot trading, enabling rapid capacity growth and cost reductions exceeding 50% since 2022.


Mr. Pan Jiaofeng, President of CASISD, reviewed China’s progress in wind, solar, EVs, and hydrogen, and called for faster development of a non-fossil energy–dominated, innovation-driven power system to balance energy security and low-carbon transition.


Mr. Yu Zhenhua, Executive Vice Chairman of CNESA, outlined trends in technology and industrial development — from pumped storage to battery-dominated systems — and highlighted growing diversification (e.g., sodium-ion and flow batteries) and enhanced safety standards.


Mr. Chen Xiang, Senior VP of EVE Energy, noted that global markets show significant diversity in development stages and demand structures. He emphasized localization, long-duration storage innovation, and multi-technology approaches (solid-state, sodium-ion, etc.) to support a clean, resilient global energy system.

The Parallel Forum on New Energy Storage at the 8th Hongqiao International Economic Forum served as a vital platform for global dialogue and collaboration.
Participants exchanged insights on technological innovation, market mechanisms, and international cooperation, forming broad consensus on the future of the energy storage industry.
As one of the key achievements of this year’s Hongqiao Forum, the event will inject strong momentum into optimizing the global energy structure and advancing sustainable development and carbon neutrality worldwide.


CENSA Upcoming Events:

1. Dec.4-5 | 2025 China Energy Storage CEO Summit | Xiamen, Fujian

Register Now to attend

Read more: http://en.cnesa.org/new-events-1/2025/12/4/dec4-5-2025-china-energy-storage-ceo-summit

2. Apr. 1-3, 2026 | The 14th Energy Storage International Conference & Expo

Register Now to attend, free before Oct 31, 2025.

Read more: https://en.cnesa.org/new-events-1/2026/4/1/apr-1-apr3-the-14th-energy-storage-international-exhibition-amp-expo

The 8th Hongqiao International Economic Forum - “High-quality Development of New Types of Energy Storage Accelerates Global Energy Transition”

Source: CNESA


Date: November 5, 2025, 14:30-17:30

Venue: Room D1, Hall 4.2, National Exhibition and Convention Center

(Shanghai)

Hosts: National Energy Administration

Ministry of Commerce of the People's Republic of China

Organizers: Institutes of Science and Development, Chinese Academy of

Sciences

Institute of Engineering Thermophysics, Chinese Academy of

Sciences

The Paper

China Energy Storage Alliance

Introduction:

The parallel session on "High-quality Development of New Types of Energy Storage Accelerates Global Energy Transition" will bring together distinguished representatives from government, industry, academia, research institutions, and finance to build a global high-end energy storage ecosystem. Participants will explore major topics such as technological breakthroughs, innovative business models, policy incentive mechanisms, and domestic and international industrial cooperation, sharing experience and contributing collective wisdom to the world.

Program:

Honored Guests:

Meng Qingqiang

Chief Engineer, State Grid Corporation of China

Chief Engineer of State Grid Corporation of China, Chairman and Party Committee Secretary of SG Electric Power Research Institute. Born in July 1966 in Tianjin, of Han ethnicity, he holds a bachelor's degree and is a professor-level senior engineer. As a member of the Communist Party of China, he began working in July 1987. His previous roles include General Manager of Tianjin Binhai Company, Deputy General Manager and Party Committee Member of Tianjin Electric Power Company, Deputy General Manager and Party Committee Member of Jiangsu Electric Power Company, General Manager and Deputy Party Committee Secretary of Chongqing Electric Power Company, Director of the SG AC Construction Department, and Chairman and Party Committee Secretary of State Grid Hunan Electric Power Company. He previously served as Chief Engineer of State Grid Corporation of China and assumed his current position in March 2023.

Wang Shaowu

Party Leadership Group Member & Vice President, China Southern Power Grid Co., Ltd.

Dr. WANG Shaowu, Vice President of China Southern Power Grid Co., Ltd., has long been engaged in research on high-voltage insulation, advanced UHV/EHV transmission, localization and development of power equipment, and management of innovative large-scale complex engineering systems. He is well-versed in the design, construction and operation of large power grids and has made systematic contributions to China's international leading position in UHVAC, UHVDC, and VSC-DC transmission technologies.

He has received National Award for Science and Technology Progress (Special Prize), China Electric Power Science and Technology Award (First Prize), and China Machinery Industry Science and Technology Progress Award (Special Prize), among others.

Wang Shaomin

Party Leadership Group Member & Vice President, State Power Investment Corporation Limited

Wang Shaomin, male, born in 1972, holds a master's degree with a Master of Engineering. He is a senior engineer (professorial level).

His previous roles include President of China Huaneng Group's Clean Energy Technology Research Institute, General Manager of Huaneng Fujian Branch, Party Committee Secretary and General Manager of Huaneng Xiong'an Branch, Executive Director and Party Committee Secretary of Huaneng Xiong'an Branch, Executive Director and General Manager of Huaneng (Xiong'an) Urban Integrated Energy Services Co., Ltd., and Executive Director and Party Committee Secretary of Huaneng Hebei Branch. He has long been engaged in management work in the power and energy sector. In December 2024, he was appointed as Vice President and Party Leadership Group Member of the State Power Investment Corporation Limited.

Xia Qing

Professor, Tsinghua University

Qing Xia received the B.E. and M.E. degree from Harbin Institute of Technology, in 1982 and 1986, respectively, and Ph.D. degree from Tsinghua University, in 1989, all in electrical engineering. He is now a Professor and Chair of the Academic Degree Committee in the Department of Electrical Engineering at Tsinghua University.

He has extensive academic and industrial experiences in electricity market and power system economic operations. His research team has designed and implemented load forecasting, generation scheduling, security assessment and market trading software for over ten provincial power grid companies in China. He has also been directing electricity market mechanism design and implementation towards China's electricity deregulation. Moreover, he has served as a consulting expert for both the State Grid Corporation and China Southern Power Grid Corporation for many years.

His research interests include power economics and electricity market, power system load forecasting, power system economic operation, generation & transmission expansion planning, optimization application in power systems, low-carbon electricity smart grid, etc.

He is a senior member of IEEE and a senior member of CSEE (Chinese Society for Electrical Engineering). He was awarded the title of national excellent science and technology workers.

Pan Jiaofeng

President of the Institutes of Science and Development, Chinese Academy of Sciences (CASISD)

Pan Jiaofeng, Professor, Doctoral Supervisor. He is a deputy to the 14th National People's Congress. He is currently President of the Institutes of Science and Development, Chinese Academy of Sciences (CASISD), Dean of the School of Public Policy and Management, University of Chinese Academy of Sciences (UCAS), Director of China Innovation Strategy and Policy Research Center funded by Research Office of the State Council and CAS, and Chairman of the Chinese Association of Development Strategy Studies. He is also a member of the governing board of the International Research and Training Center for Science and Technology Strategy (CISTRAT), UNESCO. His research focuses on S&T strategies, innovation policies, and think-tank science and engineering. He has presided over more than 60 national major and key decision-making consultation, policy research and strategic research projects, and has achieved a number of influential results in decision-making consultation and theoretical research. He has innovated think-tank theories and methods, and published series of academic monographs including DIIS Theory and Methodology in Think Tanks, Double Helix Methodology in Think Tanks and Introduction of Think Tank Science and Engineering.

Yu Zhenhua

Founder and Executive Vice Chairman, China Energy Storage Alliance (CNESA)

Deputy Director and Secretary-General, Energy Storage Expert Committee under China Energy Research Society

Yu Zhenhua, Founder and Executive Vice Chairman of China Energy Storage Alliance (CNESA), and Deputy Director and Secretary-General of the Energy Storage Expert Committee under China Energy Research Society. In 2011, Mr. Yu led the establishment of CNESA, China's first and only social organization dedicated to the energy storage field. It is committed to promoting the development of the energy storage industry by influencing the formulation of government policies and the promotion of energy storage applications. In the same period, he founded Beijing ReneSola Century Technology Co., Ltd. and serves as Chairman, focusing on promoting the development and application of energy storage in the power application field and constructing China's first commercial power station project where energy storage participates in power auxiliary services. Leading the alliance team, Yu Zhenhua undertook 3 national key R&D programs. He has won awards including the Third Prize of Excellent Achievements in Energy Soft Science Research by the National Energy Administration in 2016 and the Second Prize of Energy Innovation Award by China Energy Research Society in 2022.

Jianhui Zhang

Chairman & CEO, BEIJING HYPERSTRONG TECHNOLOGY CO., LTD.

Dr. Jianhui Zhang is the founder, chairman, and CEO of Beijing HyperStrong Technology Co., Ltd. He is a professor-level senior engineer and has extensive experience in the product development and technical management of power electronics and large-scale integration. He holds a Ph.D. degree in Electrical Engineering from the University of California, Berkeley, as well as a M.S. degree and a B.S. degree in Electrical Engineering from Tsinghua University.

Dr. Zhang spent 10 years studying and working in the United States, during which he obtained more than 20 technology invention patents and published more than 10 academic papers. Prior to founding HyperStrong, he served as the Chief Technology Officer of the Smart Grid Group of Siemens China Co., Ltd., where he presided over the R&D and technical management of smart grid products.

Steven Chen

SVP of EVE Energy, CEO of EVE Energy Storage

Mr. Steven Chen, a master's degree from Huazhong University of Science and Technology, is currently the senior vice president of EVE Energy Co., Ltd. and the president of EVE Energy Storage Co., Ltd.. He has more than 20 years of working experience in the eld of network energy and energy storage. Mr. Steven Chen joined Emerson Network Power Co., Ltd. in 2004 as the Director of Business Development for Asia Pacfic; Since March 2016, he has worked for EVE Energy Co., Ltd. as vice president, and has concurrently served as president of EVE Energy Storage Co., Ltd. since May 2018.

Mr. Steven Chen is good at integrating computer information processing, network energy applications and energy storage systems based on lithium battery technology for system application design.Have a deeper understanding of the development of the energy storage industry, integrate marketing, management and market analysis capabilities, go deep into the front line, and continue to operate the production, marketing and research of the electrochemical energy storage business in corporate operations.


CENSA Upcoming Events:

1. Dec.4-5 | 2025 China Energy Storage CEO Summit | Xiamen, Fujian

Register Now to attend

Read more: http://en.cnesa.org/new-events-1/2025/12/4/dec4-5-2025-china-energy-storage-ceo-summit

2. Apr. 1-3, 2026 | The 14th Energy Storage International Conference & Expo

Register Now to attend, free before Oct 31, 2025.

Read more: https://en.cnesa.org/new-events-1/2026/4/1/apr-1-apr3-the-14th-energy-storage-international-exhibition-amp-expo

China-UK Hydrogen and Energy Storage Cooperation Forum Successfully Held

Source: CNESA


On October 23, 2025, during the International Forum on Energy Transition, the China-UK Hydrogen and Energy Storage Cooperation Forum was held in Suzhou. The event brought together representatives from energy authorities of both countries, the British Embassy in Beijing, and institutions such as the China Energy Storage Alliance (CNESA) and the China Hydrogen Alliance, along with experts, scholars, and business leaders from the hydrogen and energy storage industries. Participants engaged in in-depth discussions on technological innovation and industrial collaboration in promoting the global energy transition.

Liu Deshun, Director-General of the Department of Energy Conservation and Science & Technology Equipment of China’s National Energy Administration, and Rachel Kyte, the UK Special Representative for Climate, attended the forum and delivered remarks. Other distinguished guests included Greg Dyke, Deputy Director for International Affairs at the UK Department for Energy Security and Net Zero, and Jonathan Bacon, Minister Counsellor (Economic) at the British Embassy in Beijing. They shared insights into the UK’s energy sector development and international cooperation strategies under its net-zero goals.

Experts and representatives from University College London (UCL), the Faraday Institution, CNESA, and the China Hydrogen Alliance, as well as leading companies such as GoodWe, HyperStrong, Trina Solar, bp China, and Johnson Matthey, participated in the forum. Through open dialogue, they contributed professional expertise and practical perspectives to strengthen bilateral cooperation in the energy sector.

In his speech, Liu Deshun emphasized that the global energy landscape is undergoing profound transformation, and developing clean energy and tackling climate change have become a shared international priority. As strategic emerging industries, hydrogen and energy storage play crucial roles in driving energy transition and achieving carbon neutrality. He noted that China’s National Energy Administration remains committed to high-level opening-up. In March 2025, China and the UK signed a Memorandum of Understanding on the Clean Energy Partnership, identifying clean hydrogen and battery energy storage as key cooperation areas. Moving forward, both sides will deepen practical collaboration in hydrogen and energy storage, enhance policy dialogue, advance joint technology innovation and standards development, and promote project implementation and investment - jointly contributing to global energy transition and climate governance.

Rachel Kyte, the UK Special Representative for Climate, stressed that hydrogen and energy storage are strategic enablers of clean, secure, and affordable energy. The UK looks forward to deepening cooperation with China under the Clean Energy Partnership framework to promote the global deployment of hydrogen and energy storage technologies, advancing the global shift toward green, low-carbon development.

Representing Chinese institution, Nina Ning, Senior Research Manager of the CNESA, delivered a keynote speech titled “Latest Developments and Prospects of China’s Energy Storage Market”. Her presentation provided an in-depth overview of China’s energy storage progress, technological breakthroughs, and future trends, offering valuable insights for UK participants.

Aurore Mallon, Head of Battery Market and Investment at the UK Department for Energy Security and Net Zero, introduced the UK’s policy and regulatory framework for battery energy storage. Lu Huan, Dean of GoodWe Solar Academy, shared project experiences of Chinese storage companies entering the UK market. Professor Michael Grubb from University College London discussed the UK’s policy roadmap for commercializing energy storage. Their perspectives offered practical guidance for deepening bilateral industrial cooperation.

A panel discussion moderated by Alex Way, Counsellor for Net Zero and Sustainable Development at the British Embassy in Beijing, explored key topics such as the complementarity of China-UK technology roadmaps, compliance and localization challenges for overseas operations, and market mechanism design. Chinese participants - including Dr. Wang Jinsong, Chief Scientist at the Big Data Center of HyperStrong, and Ge Yufang, Director of Strategy and Operations at Trina Solar’s Overseas Power Plant Division - shared practical insights, while representatives from UK firms such as Arup and Wood Mackenzie provided professional recommendations to enhance China-UK industrial collaboration and support Chinese energy storage enterprises going global.

After the forum, the China-UK Hydrogen and Energy Storage Cooperation Reception was held as scheduled, providing a relaxed business networking platform for guests from both sides. The reception helped participants further connect resources and discuss cooperation in an informal setting, continuing the collaborative momentum of the forum.

The successful convening of the China-UK Hydrogen and Energy Storage Cooperation Forum marks a new stage of deepened collaboration between the two countries in the hydrogen and energy storage fields. As a leading industry service platform, CNESA remains committed to promoting the international development of China’s energy storage industry. Going forward, CNESA will continue to leverage international cooperation mechanisms, integrate industry resources, and provide diversified platforms for policy dialogue, technology exchange, and project collaboration - helping Chinese energy storage companies seize global market opportunities, manage compliance risks, and strengthen localization efforts, while contributing Chinese expertise and strength to the global energy transition.


CENSA Upcoming Events:

1. Dec.4-5 | 2025 China Energy Storage CEO Summit | Xiamen, Fujian

Register Now to attend

Read more: http://en.cnesa.org/new-events-1/2025/12/4/dec4-5-2025-china-energy-storage-ceo-summit

2. Apr. 1-3, 2026 | The 14th Energy Storage International Conference & Expo

Register Now to attend, free before Oct 31, 2025.

Read more: https://en.cnesa.org/new-events-1/2026/4/1/apr-1-apr3-the-14th-energy-storage-international-exhibition-amp-expo