The Ministry of Industry and Information Technology and seven other government departments issued the Action Plan for promoting manufacturing of the New-Type Energy Storage (NES). This initiative aims to boost technological innovation in the sector including upgrading mature technologies like lithium batteries. By 2027, China plans to build a global competitive edge across the entire NES manufacturing supply chain, develop three to five leading companies capable of dominating their respective NES industrial ecosystems.

Our Take:

Integrating more energy storage will significantly contribute to China’s energy transition, including the grid’s flexibility and ability to utilize renewable energy. It reaffirms China’s attempts to achieve the 30/60 goals via a stronger push towards green energy technology.

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工业和信息化部等八部门关于印发新型储能制造业高质量发展行动方案的通知