China's new energy storage achieved leapfrog development in 2023, and also had the rapid growth of the new energy storage industry.
The cumulative installation of global energy storage in 2023
In 2023, the cumulative installation of global energy storage was about 294.1GW.
The cumulative installed capacity of new energy storage is about 88.2GW, accounting for 30.0%, and pumped storage is about 201.3GW, accounting for 68.4%. The cumulative installed capacity of cold and heat storage is about 4.6GW, accounting for 1.6%.
New global energy storage capacity in 2023
In 2023, the global new installed capacity of energy storage was about 48.6GW. The new installed capacity of new energy storage reached 42GW, accounting for 86.4%. The newly installed capacity of pumped storage is about 6GW, accounting for 12.3%. The newly installed capacity of thermal and cold storage is about 0.6GW, accounting for 1.2%.
New energy storage capacity in the world in 2023
In 2023, the proportion of new energy storage capacity in the world was as follows. Lithium-ion batteries accounted for 92.7%, compressed air energy storage accounted for 1.4%, flywheel energy storage accounted for 0.4%, flow batteries accounted for 1.7%, sodium-ion batteries accounted for 1.7%, and lead-acid batteries accounted for 2.0%.
China's cumulative installed capacity of energy storage in 2023
In 2023, the cumulative installation of energy storage in China was nearly 83.7GW.
Among them, the cumulative installation of new energy storage was about 32.2GW with a year-on-year increase of 196.5%, accounting for 38.4% of the total installed energy storage capacity. The cumulative installation of pumped storage was about 50.6GW, a year-on-year increase of 10.6%, accounting for 60.5% of the total capacity. The cumulative installation of cold and heat storage was about 930.7MW, a year-on-year increase of 69.6%, accounting for 1.1% of the total installed energy storage capacity.
China's new energy storage capacity will be installed in 2023
In 2023, China's new installed capacity of energy storage was about 26.6GW.
Among them, the new installed capacity of new energy storage is about 21.3GW, which was 3.6 times the new installed capacity of new energy storage in 2022, accounting for about 80.3% of the new installed capacity of energy storage in 2023. The new installed capacity of pumped storage was about 4.9GW, accounting for about 18.3% of the total new installed capacity in 2023 and that of thermal and cold storage was about 0.38GW, accounting for 1.4% of the total new installed capacity in 2023.
New energy storage capacity in China in 2023
In 2023, the proportion of new energy storage capacity in China was as follows. Lithium-ion batteries accounted for 97.5%, flywheel energy storage accounted for 0.7%, lead-acid batteries accounted for 0.4%, and flow batteries accounted for 0.2%.
Cumulative global energy storage capacity forecast for 2025
It is estimated that by 2025, the cumulative installed capacity of global energy storage will be about 440GW, of which the cumulative installed capacity of new energy storage will be about 328GW, that of pumped storage will be about 105GW, and that of cold and heat storage will be about 7GW.
China's cumulative installed energy storage capacity forecast in 2030
It is estimated that by 2030, the cumulative installed capacity of energy storage in China will be about 315GW, of which the cumulative installed capacity of new energy storage will be about 170GW, that of pumped storage will be about 140GW, and that of cold and heat storage will be about 5GW.
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