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June 26, 2012 | Azure International | GTM Research

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

Download the report's brochure for a complete Table of Contents and List of Figures as well as more in-depth information on the report's analysis.

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Report Author

  • Azure International
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Azure International is a leading investment and advisory company focused on China's cleantech energy sector. Founded in 2003, we have a team of 20+ local and international professionals based in China with backgrounds in engineering, marketing, manufacturing, consulting, policy, government relations and finance. In addition to deep advisory capabilities in renewable energy, energy efficiency, carbon management, and energy finance, we have proven capability to invest in and accelerate the development of clean energy companies. Our portfolio and partner companies have achieved both significant commercial success and returns to investors. Azure provides the necessary expertise and execution capabilities in China to lead relationship development with government and strategic partners, project execution, sourcing, sales and technology development – all with deep understanding of Chinese and international requirements.

Report Author

  • GTM Research
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GTM Research, a Greentech Media company, provides critical and timely market analysis in the form of concise and long-form market research reports, monthly newsletters and strategic consulting services. GTM Research’s analysis also underpins our webinars and live events. Our analyst team combines diverse backgrounds in the energy, environmental, emerging technology, investment banking, information technology and strategic consulting sectors. Complementing decades of real world experience, the staff holds advanced degrees in finance, engineering, public policy, law and environmental management. GTM Research is situated in the major global markets for greentech innovation worldwide, with offices in San Francisco, Boston, New York and Germany.

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contact: Tate Ishimuro

Phone: 415.777.9917