China's New Energy Storage Industry to Reach 180 Million Kilowatts by 2027

China's new energy storage industry is set to undergo rapid development over the next three years, driven by a "Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)" jointly issued by the National Development and Reform Commission and the National Energy Administration. By 2027, China's installed capacity of new energy storage will reach over 180 million kilowatts, requiring an additional 100 million kilowatts to be added over the next three years. This will drive approximately 250 billion yuan in direct investment in projects.

Key Takeaways:

• The "Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)" aims to achieve 180 million kilowatts of installed capacity in new energy storage by 2027.
• China's new energy storage industry will need to add over 100 million kilowatts of installed capacity within three years to meet the target.
• The action plan proposes measures to promote the expansion of new energy storage application scenarios, including the power supply side, the grid side, and other scenarios.
• Far East Battery, a subsidiary of Far East Smarter Energy Co., Ltd., has over 16 years of experience in the new energy sector and possesses comprehensive, self-developed energy storage product solutions.
• The company is committed to providing global users with superior energy storage solutions and building a global battery and energy storage system service provider.
• Far East Battery has successfully applied its mature energy solutions in multiple key projects, including the Hebei Hengshui Independent Energy Storage Power Station and the Zhongtian Steel Energy Storage Project.
• The company's solutions have achieved peak-valley time shifting and staggered electricity consumption, alleviating pressure on the power grid, and enabling peak-valley arbitrage.

Statistics:

• By 2027, China's installed capacity of new energy storage will reach over 180 million kilowatts.
• Within three years, China's new energy storage industry will need to add over 100 million kilowatts of installed capacity.
• The action plan aims to drive approximately 250 billion yuan in direct investment in projects.
• Far East Battery has over 16 years of experience in the new energy sector.
• The Hebei Hengshui Independent Energy Storage Power Station has a total capacity of 200MW/800MWh.
• The Zhongtian Steel Energy Storage Project has a total capacity of 10MW/20MWh.

Sources:

• "Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)"
• Far East Smart Energy Co., Ltd press release dated September 16
• "Far East Battery's industrial and commercial energy storage solutions"
• "Hebei Hengshui Independent Energy Storage Power Station" project report
• "Zhongtian Steel Energy Storage Project" project report