China’s electrochemical energy storage industry experienced significant growth in 2024, with installed capacity surging past previous records. A report from the China Electricity Council (CEC), released on March 29, titled “2024 Statistical Report on Electrochemical Energy Storage Power Stations,” details this expansion.
A report from the China Electricity Council (CEC), released on March 29, titled “2024 Statistical Report on Electrochemical Energy Storage Power Stations,” details this expansion. It notes that the total capacity more than doubled compared to the previous year, driven by larger projects, enhanced efficiency, and improved safety measures.
This figure exceeds twice the amount added in 2023. Notably, 74% of this new capacity stemmed from utility-scale projects exceeding 100 MW, reflecting a trend toward bigger, centralized energy storage systems. By December 31, 2024, China’s total installed capacity stood at 62 GW and 141 GWh.
Throughout the year, 515 new battery storage stations began operations, contributing an additional 37 gigawatts (GW) and 91 gigawatt-hours (GWh) of capacity. This figure exceeds twice the amount added in 2023.
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