China-europe electromagnetic energy storage solution publicity document

How can China and the EU promote the commercialisation of clean technologies?

Both China and the EU have adopted measures to promote the commercialisation of clean technologies. Providers of innovative energy solutions should be made aware of and take advantage of this support, regardless of company ownership or manufacturing location.

How many electrochemical storage stations are there in China?

In terms of developments in China, 19 members of the National Power Safety Production Committee operated a total of 472 electrochemical storage stations as of the end of 2022, with a total stored energy of 14.1GWh, a year-on-year increase of 127%.

How big is China's energy storage capacity?

According to CNESA data, the capacity of independent energy storage stations planned or under construction in China in the first half of 2022 was 45.3GW, accounting for over 80% of all new energy storage projects planned or under construction.

How does China promote innovation commercialisation in the energy sector?

China's economic instruments to foster innovation commercialisation in the energy sector are equally numerous. However, their organisation and management differ from the EU, in that they are split between several planning and investment programmes, at 20 European Commission.

What is EU-China Energy Cooperation Platform (ececp)?

EU-China Energy Cooperation Platform was launched on 15 May 2019, to support the implementation of activities announced in the ‘Joint Statement on the Implementation of EU-China Energy Cooperation’. The overall objective of ECECP is to enhance EU-China cooperation on energy.

Why are China's energy storage stations so low?

However, the scale of new independent energy storage stations put into operation in China in the first three quarters of 2022 was approximately 345.5MW, which was significantly lower than planned or under construction stations. The main reason for this may be that investors lack motivation.