Will China develop new energy storage systems between and ?
BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between and , amid efforts to support green energy transition and ensure the stability of new-type power systems.
Why is China moving to a new type of energy storage?
The move is part of China's broader push toward a green, low-carbon energy transition as well as high-quality economic and social development. It builds on significant growth in the sector. As of the end of , the country's installed capacity of new-type energy storage had reached 73.76 million kilowatts, according to official data.
Did MegaTech raise 100 million yuan?
Shanghai (Gasgoo)- Chinese energy storage solution provider Megatech Group recently completed its Pre-A round of financing, which raised for the company over 100 million yuan, according to the corporate database platform Qichacha.
What is the energy storage plan?
The plan outlined 21 key measures, including scaling up energy storage applications in power generation and grid infrastructure, accelerating technological innovation, and improving standardization. It also emphasized talent development and enhancing international cooperation in the sector.
Why did China move to a green & low-carbon energy transition?
It also emphasized talent development and enhancing international cooperation in the sector. The move is part of China's broader push toward a green, low-carbon energy transition as well as high-quality economic and social development.
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