China Grid-Scale Energy Storage: Technologies & Markets, 2012-2016

In 2012, China’s electric grid will become the largest in the world in terms of both installed generation capacity and electricity produced. China also possesses the world’s largest installed wind power base and the world’s largest declared investment in renewable energy. These facts alone suggest that China is also the most attractive market for energy storage in the world, even though China currently has just 4% of the worldwide energy storage capacity.

FIGURE: Overall Energy Storage Installed Capacity (excluding pumped hydro), 2011-2016E

Source: China Grid-scale Energy Storage: Technologies & Markets, 2012-2016

Whereas other markets have focused on power quality and ancillary services, China’s grid energy storage market has developed with a focus on renewable energy integration, load-shifting and peak shaving. Azure International and GTM Research forecast that pumped hydro storage capacity will double or triple by 2016 to reach 40-60 GW, while other storage technologies will rise from currently insignificant levels to over 700 MW installed by 2016. 

With strong government support and steadily improving technology, we anticipate the energy storage market will grow to a US$500 million per year market by 2016. In this 142-page report, we analyze the market's outlook with a realistic assessment of the policy, market and technical barriers that energy storage faces.

FIGURE: Active Energy Storage Companies in China by Technology and Development Stage 

Source: China Grid-scale Energy Storage: Technologies & Markets, 2012-2016

Hear report author, Kevin Popper, talk about this research and the China energy storage market in Greentech Media's podcast below.

Take Five - China Grid-Scale Energy Storage Market by Greentech: Take Five

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Azure International

Azure International is a leading investment and advisory company focused on China's cleantech energy sector.

GTM Research

GTM Research, a division of Greentech Media, provides critical and timely market analysis in the form of research reports, data services, advisory services and strategic consulting. GTM Research’s analysis also underpins Greentech Media’s webinars and live events. Our coverage spans the clean energy industry including the solar power, smart grid, energy storage, energy efficiency and wind power sectors. Our analyst team combines diverse backgrounds in investment banking, engineering, information technology, strategic consulting and regulatory sectors. Our analysts are widely known across the industry and speak regularly at industry events all over the world. GTM Research is based in Boston with offices in New York and San Francisco.

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