National Standard for Virtual Power Plants Officially Takes Effect

On September 1, 2026, the recommended national standard GB/T 47241-2026, Technical Guidelines for Virtual Power Plants, officially took effect. Led by the Electric Power Research Institute of China Southern Power Grid Co., Ltd., the standard was jointly drafted by 20 organizations, including China Southern Power Grid, State Grid Corporation of China, the China Electric Power Research Institute, Tsinghua University and Southeast University, filling the gap in full-process technical specifications for virtual power plants.

The document specifies requirements for virtual power plants covering general provisions, overall framework, resources and connection, systems and terminals, information and communications, safety protection, design acceptance and testing, operation and management, and benefits and evaluation. It applies to activities concerning the construction, connection, operation and management of virtual power plants.

The document states that a virtual power plant is an electric power operation organizational model and system that, based on power system architecture and by applying modern information and communications, system integration and control technologies, aggregates various distributed resources such as distributed generation, adjustable loads and energy storage, and, as a new type of market entity, jointly participates in power system optimization and electricity market trading.

A virtual power plant mainly consists of virtual power plant resources, virtual power plant terminals, the virtual power plant operator and technical support systems, as well as the data transmission channels among them. The architecture of a virtual power plant and its relationships with relevant business systems are shown in Figure 1.

A virtual power plant shall have the following basic characteristics:

a) the connected resources are distributed and should meet the management requirements of observability, measurability, adjustability and controllability;

b) resource aggregation and regulation are realized based on a digital platform, enabling coordinated participation in power system optimization and electricity market trading.

A virtual power plant should meet the following technical indicators:

a) total aggregated capacity of no less than 10 MW;

b) total regulation capacity of no less than 5 MW, with the regulation capacity of a single unit of no less than 1 MW;

c) a regulation rate of no less than 3% of the regulation capacity per minute;

d) continuous regulation duration of no less than 1 hour.

NEA Deploys Major Tasks: Accelerating R&D and Application of Flexible Grid-Forming, Long-Duration Energy Storage and Other New Grid Technologies

During the 15th Five-Year Plan period (2026-2030), China's electricity demand is expected to maintain annual growth of around 5%, with the share of new energy further increasing, placing higher demands on the construction of the new-type power grid. On September 1, the National Energy Administration (NEA) convened a deployment meeting on new-type power grid construction, comprehensively assigning major tasks that will strongly support both near-term investment promotion and long-term structural adjustment.

New-type power grid construction links upstream projects such as new energy power generation on one end and downstream electricity consumption by commercial, industrial, and residential users on the other, generating strong multiplier effects and an enormous investment scale.

The NEA outlined four priorities:

Consolidate Infrastructure Strengths

Build a new coordinated grid architecture integrating the main grid, distribution networks, and microgrids that enhances the safety and stability of the large power grid, fully leverages the distribution network's role as a public platform, and promotes flexible, diversified interaction among smart microgrids.

Lead with Innovation

Accelerate the R&D and application of new grid technologies including Artificial Intelligence Plus (AI+), flexible grid-forming, intelligent dispatch and control, and long-duration energy storage, and develop new quality productive forces.

Strengthen Diversified Support

Upgrade new grid services that are friendly to emerging business forms such as efficient grid connection and accommodation of new energy, high-quality power supply, and compute-power coordination, better meeting the needs of industrial development and the public.

Hold the Safety Bottom Line

Ensure safe and stable operation of the large power grid, strengthen project safety and quality management, enhance grid disaster prevention and emergency response capabilities, and improve safety resilience.

Going forward, the NEA will accelerate the approval and construction of major grid projects such as transmission corridors. Grid companies should advance project construction with lean management and fully leverage the investment-driving role of major projects, while local energy authorities should expedite the processing of supporting permits. Overall coordination of new-type power grid construction will be strengthened.

CNESA Releases 2026 H1 Energy Storage Data: New Installations Down 18%, Sending New Signals for the Industry

On August 27, 2026, the 11th Western Energy Storage Forum opened in Lanzhou, Gansu Province. The forum is hosted by the China Energy Research Society, Lanzhou University, and the China Energy Storage Alliance (CNESA). At the opening ceremony, Chen Haisheng, Chairman of CNESA and Director of the Institute of Engineering Thermophysics, Chinese Academy of Sciences, delivered a keynote speech titled “Current Status and Development Trends of the New Energy Storage Industry.” During the session, CNESA officially released its CNESA DataLink 2026 H1 energy storage industry data, providing a systematic review of China’s energy storage development in the first half of 2026 and an outlook on industry trends during the 15th Five-Year Plan period.

According to incomplete statistics from the CNESA DataLink Global Energy Storage Database, by the end of June 2026, China’s cumulative installed capacity of power storage reached 237.7 GW, up 41.7% year-on-year. Of this total, cumulative installed capacity of new energy storage reached 168.3 GW / 448.7 GWh, up 59% / 71% year-on-year and 15% higher than the end of 2025.

Figure 1: Cumulative installed capacity of China’s new energy storage market as of 2026 H1 (Source: CNESA)

At the same time, newly commissioned new energy storage capacity in the first half of 2026 reached 21.81 GW / 58.60 GWh, down 18% in power terms and 16% in energy terms year-on-year. With cumulative capacity continuing to grow while new additions experience a temporary decline, China’s energy storage industry is moving from the previous stage of “scale expansion” into a critical period of “value restructuring,” showing several new development characteristics.

1-Installation Landscape: Growth Pace Adjusts as Projects Become Larger and Longer-Duration

In the first half of 2026, the number of newly commissioned energy storage projects declined year-on-year, while the average size of individual projects increased significantly. The number of newly commissioned projects fell by 51% year-on-year, while the share of projects above 100 MW increased by 8 percentage points.

Figure 2: Distribution of newly commissioned new energy storage projects in China by power capacity in 2026 H1 (Source: CNESA)

Meanwhile, the average storage duration of newly commissioned projects reached 2.69 hours, up 2.3% year-on-year. The share of projects with durations of four hours or more also increased further, up 4.8 percentage points year-on-year.

This indicates that the incremental energy storage market is shifting from “quantity expansion” toward “scale and structural optimization.” Large-scale energy storage stations are becoming an increasingly important part of the new-build market, while the trend toward longer-duration storage is becoming more visible.

However, the decline in new installations does not mean market demand is weakening. Rather, the pace of energy storage construction is returning to a more normalized rhythm, while project formats and market structures are changing.

Figure 3: Average storage duration of newly commissioned new energy storage projects in China over the past three years (Source: CNESA)

2-Business Models: A Complete Revenue Framework Takes Shape, Making Operational Capability Critical

In the first half of 2026, newly installed independent energy storage capacity reached 15.1 GW, accounting for 69.3% of all newly installed capacity, an increase of 13.9 percentage points. Independent energy storage has become the dominant form in the new-build market.

At the same time, a complete revenue framework for independent energy storage is taking shape. The industry is officially moving from a policy-driven model based on mandatory storage allocation toward a new stage of three-dimensional revenue operations: capacity payments, electricity energy markets, and ancillary services markets.

Figure 4: Application distribution of newly commissioned new energy storage projects in China in 2026 H1 by power capacity (Source: CNESA)

At the beginning of 2026, Document No. 114 clarified that after continuous operation of power spot markets, a generation-side reliable capacity compensation mechanism should be established in an orderly manner. This marks the first time the capacity value of new energy storage has been clarified at the national institutional level.

So far, Gansu, Jilin, Shaanxi, Xinjiang, Hubei, Ningxia, Qinghai, and other provinces have introduced detailed capacity compensation rules, though compensation standards vary significantly across regions. As capacity compensation mechanisms are implemented, the capacity value of energy storage is being unlocked. However, duration-based capacity conversion still has a significant impact on project returns, and business models require further refinement.

In terms of energy storage participation in power markets, spot markets and frequency regulation remain the main channels, while new ancillary service products such as ramping, reserves, and black start are also being developed.

At the same time, the market-oriented transition of energy storage still faces many challenges. In the first half of this year, peak-valley spreads narrowed in some regions, while system operation costs increased, further raising charging costs for energy storage and compressing electricity market revenues.

In the future, the value of energy storage projects will depend not only on equipment investment costs, but also on market trading capabilities, operational strategies, and full-lifecycle O&M performance.

3- Distribution of global shipments of energy storage lithium battery cells by Chinese enterprises in 2026 H1 (Unit: GWh)

Figure 7: Distribution of global shipments of energy storage lithium battery cells by Chinese enterprises in 2026 H1
Unit: GWh

Note: Enterprises in each shipment range are listed alphabetically by the pinyin initials of their Chinese abbreviated names.
Scope: Global shipments in 2026 H1 of self-produced energy storage cells by enterprises, excluding cells for base stations and data centers. Shipments are counted when cells have left the factory and been delivered to customers or project sites.
Source: CNESA

4-Technologies and Applications: Multiple Technology Pathways Advance, While Emerging Demand from AIDC Is Released

In the first half of 2026, energy storage technology continued to evolve actively. Large-capacity lithium battery products continued to develop, with products above 500 Ah entering mass production. The share of long-duration energy storage technologies such as flow batteries and compressed air energy storage increased by 0.2 percentage points. Sodium-ion, semi-solid-state, flywheel, and other technologies also accelerated deployment.

Figure 8: Distribution of cumulative installed power storage capacity in China by technology as of 2026 H1
Source: CNESA

At the same time, PCS, grid-forming energy storage, digital O&M, and safety technologies continued to advance. Looking ahead, lithium batteries will continue to meet the majority of demand, while multiple technology pathways will develop differentiated roles around specific application scenarios.

From the perspective of emerging applications, AIDC is creating clear demand for energy storage. On one hand, energy storage provides reliable and green energy support for AI data centers. On the other hand, AI is being integrated into energy storage operation, safety management, and business decision-making.

In the first half of 2026, new products targeting AIDC applications emerged intensively, covering high-rate cells, solid-state transformers, backup power systems, and integrated solutions. In the future, energy storage products will become increasingly customized for specific scenarios, while product competition will move beyond single devices toward integrated solutions combining energy storage, power electronics, energy management, and comprehensive energy services.

5-Global Expansion: Overseas Orders Reach 298 GWh as Chinese Companies Move from Product Export to Integrated Solutions

As the domestic market structure changes, Chinese energy storage companies are continuing to accelerate global expansion.

In the first half of 2026, overseas energy storage orders signed by Chinese enterprises reached 298 GWh, up 83% year-on-year. Europe remained an important market, while markets such as the Middle East, India, and Chile grew rapidly.

Figure 9: Regional distribution of overseas energy storage orders signed by Chinese enterprises in 2026 H1
Unit: GWh
Source: CNESA

Notably, Chinese energy storage companies are moving beyond simple product exports toward overseas manufacturing, localized services, technology cooperation, and integrated solution delivery.

The global energy storage market remains in a growth stage, but trade barriers, supply chain security, and localization compliance are also reshaping the global competitive landscape. In the future, global competition for Chinese enterprises will increasingly test their comprehensive capabilities.

6- Outlook

Connect with Chinese energy storage industry at ESIE 2027, March 16-19, 2027, Beijing China!

Event website: esie.net

CNESA Visits UK to Foster Industry Collaboration: China and UK Explore New Opportunities in Energy Storage Development

On April 14, 2025 (local time), Chen Haisheng, Chairman of the China Energy Storage Alliance (CNESA), led a delegation of member companies, including Sungrow, Sunwoda, and GreenArch Energy, on a visit to the UK. The delegation held a symposium on energy storage industry cooperation and development with the UK Department for Business and Trade (DBT). Liu Wei, Secretary-General of CNESA, and Yue Fen, Deputy Secretary-General, also attended the meeting.

The discussions focused on the development prospects of the UK energy storage market, policy support frameworks, and the opportunities and challenges for Sino-UK corporate collaboration, aiming to provide support for Chinese energy storage companies expanding into the UK market and facilitate their global outreach.

Representatives from the UK Department for Business and Trade provided a detailed overview of the UK energy storage market. It is projected that the demand for new energy storage will reach 50GW by 2035. Policies such as the forthcoming "cap and floor mechanism" (see Note 1) and the Clean Power Plan 2030 will offer investors up to 10 years of revenue assurance. Currently, energy storage projects in the UK achieve an average annual return of 9-10%, with revenue streams from the capacity market, ancillary services market, and wholesale energy market.

Chen Haisheng, Chairman of CNESA, stated that this exchange marks a new phase in Sino-UK energy storage cooperation. The UK's highly liberalized electricity market and mature trading mechanisms complement the well-developed industrial chain advantages of Chinese energy storage companies. The alliance will continue to build three key platforms—policy coordination, technical exchange, and project collaboration—to help Chinese energy storage enterprises seize development opportunities in the global energy transition.

During the meeting, representatives from Chinese energy storage companies highlighted the opportunities and challenges of developing energy storage projects in the UK, covering areas such as talent recruitment, local supply chain security, and policy stability. The UK Department for Business and Trade responded with commitments to follow-up support measures. Through this dialogue, CNESA has established a crucial bridge for policy and market alignment between China and the UK in the energy storage sector, breaking down barriers to international expansion through information sharing and enhancing the global competitiveness of China’s energy storage industry.

In the afternoon, the delegation visited the China Huaneng Group’s Minety Battery Storage Project, which has a capacity of 100MW/100MWh (1-hour discharge duration). The project was jointly invested by Huaneng Hong Kong and CNIC Corporation Limited, with construction commencing in December 2019 and commercial operation starting in July 2021. Currently, Shell Global acts as the market agent for the project’s participation in electricity trading. In its first two years, the project primarily provided frequency regulation services, achieving strong returns. However, due to increased competition from a growing number of energy storage projects in the UK, Minety’s revenue has declined in recent years. Today, the project engages in frequency regulation, energy arbitrage, and holds long-term capacity market contracts, diversifying its revenue streams. The UK market has a strong demand for energy storage and is exploring compensation models for reactive power services, with expectations of new frequency regulation service varieties in the future. This is anticipated to improve energy storage project returns in the short term. The Minety project’s business model offers valuable insights for the evolution of energy storage projects in China.

Relevant Links:

Cap and Floor Mechanism: In October 2024, the UK government announced this regulatory framework for long-duration energy storage (LDES). By setting a price cap and floor, the mechanism aims to balance investment risks and returns, accelerate large-scale energy storage infrastructure development, and support the 2050 net-zero emissions target. The scheme is overseen by Ofgem, the UK energy regulator.

Construction Begins on China's First Independent Flywheel + Lithium Battery Hybrid Energy Storage Power Station

Recently, the groundbreaking ceremony for the new 200MW/100.83MWh independent hybrid energy storage project was held in the Sangcun Industrial Park, Wenshui Economic Development Zone, Wenshui County, Shanxi Province. The ceremony was attended by Meng Lansheng, Deputy Secretary of the County Party Committee and County Mayor, Wu Yingzhe, a member of the county government party group and director of the Economic Development Zone Management Committee, along with more than a hundred representatives from relevant units.

The Wenshui Energy Storage Power Station project covers approximately 3.75 hectares within the red line area. The station is divided into four main functional zones: office and living service facilities, power distribution and step-up station, lithium iron phosphate energy storage area, and flywheel energy storage area. This project, as an independent frequency regulation power station, combines flywheel energy storage technology with lithium iron phosphate batteries, with a capacity of 200MW. Upon completion, it is expected to become the first independent flywheel + lithium battery hybrid energy storage power station in China, capable of meeting both frequency regulation and peak shaving demands, thus contributing to the safe and stable operation of the power grid. The project is anticipated to generate an annual income of approximately 240 million yuan and tax revenue of 36 million yuan.

China's First Vanadium Battery Industry-Specific Policy Issued

On May 8th, the Sichuan Provincial Department of Economy and Information Technology and six other departments jointly issued the "Implementation Plan for Promoting High-Quality Development of the Vanadium Battery Storage Industry" (hereinafter referred to as the "Implementation Plan"). This policy is also the first vanadium battery industry-specific policy in the country. Qing Jiasheng, Director of the Material Industry Division of the Sichuan Provincial Department of Economy and Information Technology, introduced that by 2025, the penetration rate of vanadium batteries in the storage field is expected to reach 15% to 20%, taking a leading position in the field of large-scale, long-duration storage. The "Implementation Plan" aims to build a leading national vanadium battery storage industry base through initiatives such as conducting application pilot demonstrations, strengthening technological self-innovation, expanding the production and supply of vanadium products, promoting industry cost reduction and efficiency enhancement, accelerating the creation of industrial clusters, and cultivating improved standards and brands. Sichuan has a solid foundation for the development of the vanadium battery storage industry, holding the country's largest vanadium resource reserves and leading in the production of vanadium pentoxide, having built the world's largest and most comprehensive vanadium product production base. Additionally, Sichuan's abundant hydropower resources and gradually increasing photovoltaic power generation share provide a substantial market space for vanadium battery storage stations as important energy reserves. To further promote new industrialization, accelerate the construction of a modern industrial system, plan for future new products, cultivate new quality productive forces, and build a leading domestic vanadium battery industry base, it is necessary to introduce measures to promote the high-quality development of the vanadium battery storage industry.

Development targets include:

- Vanadium battery storage industry's technology level and innovation capacity to be among the national leaders;

- Vanadium electrolyte production capacity to reach 200,000 cubic meters/year, electrode material production capacity to reach 6.5 million square meters/year, stack production capacity to reach 3GW/year, and system integration capacity to break through 12GWh/year;

- Cultivate at least three innovative and nationally competitive leading companies;

- Build a number of economically effective pilot demonstration projects with strong driving capabilities.

Pilot demonstration proposals include:

- Support the promotion and application of vanadium batteries in various aspects such as photovoltaic, wind power generation storage, grid peak shaving and frequency modulation, and communication base station storage.

- Support areas with solid vanadium industry foundations such as the relevant load centers within the province and cities like Panzhihua, Neijiang, and Leshan, to construct a number of vanadium battery storage stations based on actual demand.

- Actively explore innovations in technology, business models, and institutional mechanisms to promote the market-oriented, large-scale application of vanadium battery storage.

Policy support proposals include:

- Increase fiscal funding support for major projects, innovation platforms, and characteristic parks in the vanadium battery storage industry.

- Strengthen the guarantee of essential resources such as land and energy use, and actively promote the construction of major pilot demonstration projects.

- Support grid integration and utilization of vanadium battery storage stations, optimize time-of-use electricity pricing policies such as peak and off-peak tariffs, and seasonal tariffs in a timely manner to increase revenue channels for vanadium battery storage.

- Improve incentive mechanisms, support new energy projects to deploy vanadium battery storage as needed, and implement related incentive policies from the "Action Plan for Quality Improvement and Doubling of Advanced Materials Industry".

- Explore establishing a vanadium resource price stabilization negotiation mechanism, construct a "vanadium electrolyte bank," a bulk vanadium asset trading platform, and a national vanadium asset trading system centered in Sichuan.

Market mechanism proposals include:

- Support vanadium battery storage to participate as independent market entities in medium and long-term transactions, spot and ancillary services in the electricity market.

- During charging in the electricity quantity market, it can enjoy time-of-use tariffs as an electricity market consumer, with the corresponding electricity purchased on its behalf by electricity sales companies or grid enterprises;

- During discharging, participate in the thermal power market transactions, with prices formed by the market.

- Accelerate the construction of an electricity ancillary services market, enrich the varieties of vanadium battery storage participating in the electricity ancillary services market, and fully reflect the flexible adjustment value of vanadium battery storage.

- Support joint investment by new energy development enterprises and vanadium battery storage enterprises, encourage new energy stations to configure vanadium battery storage through self-construction, leasing, or purchasing, and reasonably distribute profits through market mechanisms.

Major Breakthrough: Successful Completion of Integration Test on World First 300MW Advanced Compressed Air Energy Storage System Expander

Recently, a major breakthrough has been made in the field of research and development of the Compressed Air Energy Storage (CAES) system in China, which is the completion of integration test on the world-first 300MW expander of advanced CAES system marking the smooth transition from development to production. This pioneering achievement is independently developed by the Institute of Engineering Thermophysics of Chinese Academy of Sciences (IET) and Zhong-Chu-Guo-Neng Co. Ltd.

　　Energy storage technology serves as the key supporting technology for the ongoing energy revolution, while the relevant industry gradually evolves into a pivotal pillar within the spectrum of national strategic emerging industries. In this context, CAES has distinct merits of large-scale, cost-effectiveness, high efficiency and eco-friendliness etc., which is one of the most promising large-scale energy storage solutions. As for the core component of CAES system, the development of expanders emerges with such intricate technical challenges as substantial loads, copious flow rates, intricate flow and heat transfer as well as the demanding wide- operating-gamut with uncompromising efficiency. After years of unremitting efforts, the R&D team of IET has successively resolved key technical problems in breakthrough technologies including intricate 3D design implementation, sophisticated shaft architectures, and dynamic adjustment and control mechanism etc., and developed world-first multi-stage high-load 300MW expander of advanced CAES system endowed with completely independent intellectual property rights. (See Figure 1)

On August 1st, 2023, IET and Zhong-Chu-Guo-Neng Co. Ltd accomplished a significant feat, that is, the successful integration test of a 300MW compressed air expander. Notably, all results of various tests not only met but exceeded the design indexes, highlighting attributes such as exceptional integration, high efficiency, rapid start-stop capabilities, extended operational lifespan and simplified maintenance. The successful development of the 300MW compressed air expander stands as a significant milestone in domestic compressed air energy storage domain. Not only does it mark a turning point for advanced compressed air energy technology, but it also propels the nation's capabilities to unprecedented height. This accomplishment underscores China's commitment to innovative energy solutions and signifies a crucial step forward in the evolution of advanced compressed air energy storage technology.

　　As the earliest domestic institution in the research on compressed air energy storage, IET has already set up a research and development system with complete independent intellectual property rights through 19 years of efforts. IET successively achieved breakthroughs in critical domains such as comprehensive system design and control across all operational conditions, multi-stage high-load compressors and expanders, and highly efficient supercritical heat storage and transfer etc. These accomplishments bore fruit in establishing the world-first advanced CAES systems, such as the 1.5MW model in 2013, 10MW model in 2016 as well as the groundbreaking 100MW model in 2021. Incorporating the pioneering CAES technology of the IET, Zhong-Chu-Guo-Neng Co. Ltd has the full set of capacities in research and development, design, manufacture, project implementation, investment and operational management of 100 MW level CAES systems. This multifaceted prowess positions the company as a prominent trailblazer and global frontrunner in the realm of advanced CAES systems. Since the advent of their partnership in 2018, both sides have taken the lead in the development of the world-first 300MW advanced CAES system.

　　The scale-enlargement of CAES systems constitutes an important way to reduce cost, improve efficiency and enhance market competitiveness. Compared with the 100MW advanced CAES system, the forthcoming 300MW system will achieve a threefold amplification in scale, notable 20%-30% reduction in unit cost and a marked 3-5% enhancement in overall efficiency. The successful completion of integration test and subsequent deployment of the 300MW advanced CAES system expander marks the significant progress in the national demonstration project of world-first 300MW advanced CAES system development.

　　The accomplishments described above have received robust support from the National Natural Science Foundation of China, the strategic pilot project of the Chinese Academy of Sciences, and the national key research and development programs.

"Penghui Energy Signed an Agreement with Canadian Company for 5.1GWh Energy Storage Cell Cooperation"

Recently, Great Power and Canadian Corporation Discover Energy Systems officially signed a strategic cooperation agreement, according to which the two sides will reach in-depth cooperation in the field of energy storage. Great Power will provide market-competitive cell products for Discover Energy Systems' global projects, and the partnership will drive the completion of the 5.1GWh procurement program. In the future, the two sides will jointly explore the North American energy storage market.

BYD and Bison Brothers Signed 10GWh Energy Storage Strategic Cooperation Framework Agreement

According to Bison Brothers, two leading companies in China's energy storage industry, Shanghai Bison Brothers Power Technology Co. and BYD Automotive Industry Co. announced that they have signed a 10GWh energy storage strategic cooperation framework agreement. The cooperation will be carried out in the global market to tap and expand the new energy storage application market as the core to promote the prosperous development of the energy storage industry ecology.

CATL’s First-Half Energy Storage Business Revenue of 27.985 Billion Yuan, Gross Margin of 21.32%

On the evening of July 25th, Contemporary Amperex Technology Co., Ltd.(CATL)released its 2023 semi-annual report. During the reporting period, the company achieved a total operating revenue of 189.25 billion yuan, a year-on-year increase of 67.5%; the net profit attributable to shareholders of the listed company was 20.717 billion yuan, a year-on-year increase of 153.64%; and the basic earnings per share were 4.72 yuan. Among them, the energy storage battery system business achieved a total operating revenue of 27.985 billion yuan, a year-on-year increase of 119.73%, with a gross profit margin of 21.32%, a year-on-year increase of 14.89%.

The First Domestic Combined Compressed Air and Lithium-Ion Battery Shared Energy Storage Power Station Has Commenced Construction

On July 20th, the innovative demonstration project of the combined compressed air and lithium-ion battery shared energy storage power station commenced in Maying Town, Tongwei County, Dingxi City, Gansu Province. This is the first energy storage project in China that combines compressed air and lithium-ion battery technology. The project is located in Dongguan Village, Maying Town, with a total investment of 812 million yuan, and the initial phase of the project covers an area of 82.86 acres, with an investment of approximately 396 million yuan. The project adopts a combined compressed air and lithium-ion battery energy storage system, with a total installed capacity of 50 MW/200 MWh and a discharge duration of 4 hours. The compressed air energy storage system has an installed capacity of 10 MW/110 MWh, and the lithium battery energy storage system has an installed capacity of 40 MW/90 MWh. Additionally, the project includes the construction of a 110 kV booster substation and transmission lines.

The world's First Prussian Blue Sodium-Ion Battery Energy Storage System Put into Use

Recently, the first demonstration project of Prussian blue sodium-ion battery energy storage system developed by Li-Fun Technology Co.,Ltd. and other companies has been put into use. A representative from Li-Fun Technology stated that the sodium-ion battery cathode materials are mainly composed of transition metal layered oxide, polyanion compounds and Prussian blue compounds. Among them, Prussian blue sodium-ion batteries have lower cost, higher capacity, and better rate performance, showing great potential in the future.