China’s battery energy storage could see slower growth this year. Image by sommart sombutwanitkul via shutterstock.

China’s battery storage capacity is likely to see reduced levels of growth in 2024, according to a newly released whitepaper. 

The Energy Storage Industry Research White Paper, produced by non-profit industry association the China Energy Storage Alliance (CNESA), has suggested that China could add around 30.1GW of new energy storage capacity in 2024, a drop of almost 4.5GW from 2023’s total of 34.5GW. 

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That figure is at the lower end of the whitepaper’s estimated range, however, with a more “ideal” landscape allowing for potential capacity growth of up to 19%, the CNESA suggests. That would see added capacity hit 41.2GW this year. 

Most of any growth in capacity is expected to be in the field of lithium-ion (Li-ion) battery energy storage. 

Estimates suggest that China’s cumulative installed capacity could hit a total of 195.75GW by 2030. 

China is the world leader in the global production of battery energy storage systems (BESS) and Li-ion battery plants. Half of Asia’s 16 upcoming battery energy storage projects – which themselves represent 59% of the world’s planned projects – are set for development in China. 

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The country plays host to multiple huge projects including the Shujiatang BESS, which has a rated power of 100,000 kilowatt-hours (kWh), and the Hubei Yingcheng Compressed Air Energy Storage System Set I, with a rated storage capacity of 150,000kWh. 

Multiple other projects are in the pipeline, including the 2.4 million-kilowatt Kubuqi Desert Project.