NEW ENERGY PROJECT BIDDING

New energy storage is listed as the main body of the field

Pumped storage is still the main body of energy storage, but the proportion of about 90% from 2020 to 59.4% by the end of 2023; the cumulative installed capacity of new type of energy storage, which refers to other types of energy storage in addition to pumped storage, is 34.5 GW/74.5 GWh (lithium‐ion batteries accounted for more than 94%), and the new incremental growth in 2023 is 260% year‐on‐year; the price of lithium‐ion batteries has dropped significantly.10–12 However, according to the data from China Electricity Council (CEC),the average annual utilisation hours of new energy storage in 2023 is 615 h, and the utilisation level is generally not high.10 Therefore, it is necessary to sort out the demands and challenges of energy storage technology to provide reference for the development of the energy storage industry. [pdf]

Cairo Rural solar Energy Storage Project

Recently, Egypt’s Ministry of Electricity and Renewable Energy, the Egyptian Electricity Transmission Company, and a consortium comprising Infinity Power and Hassan Allam Utilities Energy Platform formally signed an agreement to jointly develop solar power projects with a total installed capacity of 1.2GW, coupled with the construction of a 720MWh battery energy storage system. [pdf]

Energy storage power station manufacturing project scale

Project total investment of 2 billion yuan, plans to be implemented in phases: a project will be launched in the first quarter of 2025, leasing plant 15,000 square meters, the construction of 2GWh energy storage equipment production line and 1GWh lithium iron phosphate electrochemical energy storage station, is expected to be completed in the third and fourth quarter of the commissioning of the equipment and put into operation. [pdf]

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