4 FAQs about New energy storage equipment imported

How will China promote the new-type energy storage manufacturing sector?

BEIJING, Feb. 17 -- Chinese authorities unveiled several measures on Monday to promote the new-type energy storage manufacturing sector, as part of efforts to accelerate the development of emerging industries and the country's modern industrial system.

Why are energy storage technologies important?

They are also strategically important for international competition. KPMG China and the Electric Transportation & Energy Storage Association of the China Electricity Council ('CEC') released the New Energy Storage Technologies Empower Energy Transition report at the 2023 China International Energy Storage Conference.

What is the new-type energy storage manufacturing industry?

According to an action plan jointly issued by the Ministry of Industry and Information Technology and seven other government organs, the new-type energy storage manufacturing industry refers to the sector that produces energy storage, information processing, safety control, and other products related to new energy storage methods.

Is China entering a new era of energy storage demand?

Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change.

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