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During the 14th Five-Year Plan period, China’s energy storage technology mix witnessed noticeable changes where pumped hydro storage accounted for less than 40% for the first time while the new-type energy storage represented by lithium batteries saw explosive growth.
On January 8, 2026, a 500MWh standalone Battery Energy Storage System(BESS) project located at Maritsa East 3 in Bulgaria was officially commissioned. The project was the jointly developed by BYD Energy Storage and ContourGlobal under their strategic collaboration which is one of the largest standalone energy storage projects in East Europe.
Recently, Tianneng Group signed a strategic agreement with NASDAQ-listed company VCIG Group. The two parties will build a 1GWh AIDC solar energy storage power station in Malacca, Malaysia. The project aims to address the high-energy-consumption challenge of AIDC and will be developed under an “EPC+F” model.
Global tech giant Amazon has been approved as the buyer of the 1.2GW Sunstone solar project in Oregon, one of the largest solar PV projects in the US.
On January 16th, a 107.12MW/428.48MWh green hydropower-based aluminium user-side energy storage project jointly developed by Great Power and Henan Zhongfu Industry was officially commissioned in Guangyuan, Sichuan Province.
Expanding effective investment is a key lever for stabilizing growth and improving people’s livelihoods. According to China Southern Power Grid, the company has embarked RMB 180 billion for fixed-asset investment in 2026, marking a record high for fifth consecutive year, with an annual growth rate of 9.5%. Investment will be directed primarily toward the development of a new-type power system, the growth of strategic emerging industries and the enhancement of high-quality power supply services, providing solid support for a strong start to the 15th Five-Year Plan period.
On January 16th, Cornex New Energy signed a strategic cooperation agreement with Egypt-based partners WeaCan and Kemet.
The agreement was signed by Dai Deming, chairman of Cornex New Energy and Ahmed Salaheldin Abdelwahab Elabd, Chiarman of the Board of Kemet. The signing ceremony was witnessed by Moustafa Kamal Esmat Mahmoud, minister of Egypt’s Ministry of Electricity and Renewable Energy, along with other government officials and senior executives from relevent enterprises.
Recently, China has achieved a major breakthrough in the research and development of compressed air energy storage(CAES) technology . Developed jointly by the Institute of Engineering Thermophysics, Chinese Academy of Sciences(IET, CAS) and ZHONG-CHU-GUO-NENG(BEIJING)TECHNOLOGY CO.,LTD., the world’s first CAES compressor with the largest single unit power has successfully passed the third-party testing accredited by CNAS. According to the test results, the compressor achieved maximum discharge pressure of 10.1MPa, a maximum power output of 101MW and an operating range of 38.7% to 118.4% under variable conditions and an efficiency of 88.1% at maximum discharge pressure, reaching an internationally leading level.