On February 23, "People's Daily" published an article signed by Baoan Xin, CEO of State Grid Corporation of China. The article pointed out that in order to meet the requirements of developing energy storage and improve the adjustment capacity of the power system, we should strengthen the construction of well-developed pumped storage hydropower stations, actively support the application of new energy storage technologies, and strive to increase the installed capacity of pumped storage hydropower stations from the current 26.3 GW to 100GW, and to increase the installed capacity of the electrochemical storage stations from 3 GW to 100 GW in 2030.
Baoan Xin: Strive to increase electrochemical energy storage from 3 GW to 100 GW in 2030