North Asia Transportation Group Energy Storage Project

By CHIEL POWER · · >5 min read

North Asia Transportation Group Energy Storage Project
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Who are the members of the Electric Transportation & Energy Storage Association?

It was established under the concerted decision of the CEC Board and implements the Constitution of CEC. The Electric Transportation and Energy Storage Association currently has more than 100 member firms, and State Grid Smart Internet of Vehicles Technology Co., Ltd. and GCL (Group) Holdings Co., Ltd. are the executive vice president firms.

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What is Electric Transportation & Energy Storage Association?

The Electric Transportation & Energy Storage Association is a branch under China Electricity Council (hereinafter referred to as "CEC"). It was established under the concerted decision of the CEC Board and implements the Constitution of CEC.

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Will the energy storage industry thrive in the next stage?

The energy storage industry is going through a critical period of transition from the early commercial stage to development on a large scale. Whether it can thrive in the next stage depends on its economics.

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How big is China's energy storage capacity?

According to CNESA data, the capacity of independent energy storage stations planned or under construction in China in the first half of was 45.3GW, accounting for over 80% of all new energy storage projects planned or under construction.

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How many electrochemical storage stations are there in ?

In , 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

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Why are China's energy storage stations so low?

However, the scale of new independent energy storage stations put into operation in China in the first three quarters of was approximately 345.5MW, which was significantly lower than planned or under construction stations. The main reason for this may be that investors lack motivation.

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