china approves large-scale energy storage pilot - storage battery
BEIJING—
China has approved the first pilot project for large battery storage to maximize clean energy production and grid stability.
In the beginning of the business in northwest Gansu province will need 1. 2 billion yuan ($240 million)
The Gansu Provincial Development and Reform Commission said in a statement on Tuesday that the investment and capacity were 720 MW and the storage time was 4 hours.
It is expected to be completed next year.
The project highlights China's efforts to balance renewable energy generation, which fluctuates due to the amount of wind or sunlight available.
The country's clean power generation capacity expanded to 706 gigawatts, with a reduction rate of 7 for wind and solar energy.
7% and 2.
As of the end of September, 9 respectively.
The provincial authorities said that the subsequent expansion of the Gansu project will depend on the demand and market conditions of the power grid.
The project will become China's largest energy storage virtual power plant after it is completed, the statement said.