China plans to construct at least 30 gigawatts of new battery-based electricity storage within the next five years. According to authorities, this would be an eightfold increase in battery storage capacity compared to the end of 2020, as reported by business portal Caixin. So far, Beijing’s energy storage has mainly relied on pumped-storage power plants, which pump water with surplus energy to higher elevations in order to drain it when power is needed. These power plants account for nearly 90 percent of storage capacity in China, according to Caixin. However, Beijing plans to invest less in pumped storage in the future (as China.Table reported).
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