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(Yicai) Jan. 5 -- China, the world's biggest market of new energy vehicles, will promote a closer integration of NEVs and the grid and kick off pilot projects to improve the energy storage system, according to new guidelines.
By 2030, the nation should establish technical standards for vehicle-grid interaction and turn new energy vehicles into an important part of the electrochemical energy storage system while enhancing control, the document added.
In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. 2023 was a breakthrough year for industrial and commercial energy storage in China. Projections show significant growth for the future.
Tesla broke ground on the Shanghai Megafactory on May 23 and it’s also the company’s first energy storage project outside the United States. Shanghai Lingang Economic Development Group became the first customer in China for the factory’s Megapack product and signed the first order with Tesla at the groundbreaking ceremony.
The new plant was planned following an investment of $201.76 million. Tom Zhu, Tesla’s Senior Vice President, highlighted that the Shanghai Megafactory is Tesla’s first energy storage facility outside the United States and marks another milestone investment in China over the past decade.
In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. 2023 was a breakthrough year for industrial and commercial energy storage in China.
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