Core Viewpoint - The article emphasizes the significant progress and future potential of China's new energy storage sector, highlighting the government's commitment to policy support, technological innovation, and market development to achieve high-quality growth in the industry by 2025 [5][6][7]. Group 1: International New Energy Storage Development Trends - Global investment in new energy storage strategies is increasing, with countries like the US, EU, and UK implementing supportive policies and incentives [16][17]. - The international new energy storage market is experiencing rapid growth, with a cumulative installed capacity of approximately 180 million kilowatts by the end of 2024, marking a 98% increase from 2023 [18][19]. - New energy storage technologies are expanding their applications, with various countries exploring innovations in electrochemical storage, long-duration storage, and intelligent dispatch technologies [20][21]. Group 2: China's New Energy Storage Development in 2024 - The policy framework for new energy storage in China is continuously improving, with national and provincial-level support systems being established [25][26]. - The installed capacity of new energy storage in China reached 73.76 million kilowatts (168 million kilowatt-hours) by the end of 2024, a 130% increase from 2023 [30][32]. - Key regions such as North and Northwest China account for over 55% of the total installed capacity, with significant growth in provinces like Inner Mongolia and Xinjiang [34][36]. Group 3: Application and Value of New Energy Storage - New energy storage applications are primarily focused on independent storage, shared storage, and renewable energy integration, collectively accounting for nearly 90% of the installed capacity [44][45]. - The average annual equivalent utilization hours for new energy storage increased significantly to 911 hours in 2024, reflecting improved operational efficiency [52][55]. Group 4: Technological Innovations and Industry Growth - Various new energy storage technologies are being implemented, with lithium-ion batteries dominating the market, accounting for 96.4% of the installed capacity [56][58]. - The production of lithium-ion batteries in China reached 1.17 billion kilowatt-hours in 2024, with a 24% year-on-year increase, and the total industry output value exceeded 1.2 trillion yuan [65][67]. - The cost of lithium-ion battery storage systems has decreased significantly, with prices dropping by approximately 25% for EPC contracts and 44% for system bids compared to 2023 [72]. Group 5: Standards and Regulations - A comprehensive standard system for new energy storage is being established, with 26 national standards and 18 industry standards released in 2024 [73][74]. - The standards cover various aspects of energy storage, including planning, design, equipment testing, and operational safety, enhancing the overall regulatory framework for the industry [75]. Group 6: Outlook for 2025 - In 2025, the focus will be on strengthening planning guidance, improving cost mechanisms, and advancing core technology research to support the high-quality development of new energy storage in China [77].

Global New Energy Storage Development - Countries worldwide are increasing strategic investments in new energy storage through policy measures, technological R&D incentives, market rule innovations, and pilot project applications [5] - The global installed capacity of new energy storage projects has reached approximately 200 million kilowatts, a growth of about 98% compared to the end of 2023, with an additional installed capacity of about 19 million kilowatts [5] - The global energy storage battery shipment volume reached 370 million kilowatt-hours, a year-on-year increase of approximately 65% [5] China New Energy Storage Development - The policy framework for new energy storage in China is continuously improving, with national and provincial-level policies being established to support the sector [7][12] - The installed capacity of new energy storage in China has rapidly increased, reaching 73.76 million kilowatts (168.2 million kilowatt-hours) with an annual addition of 42.37 million kilowatts (100 million kilowatt-hours) [12] - Key regions in China have accelerated the development of new energy storage, with seven provinces having installed capacities exceeding one million kilowatts [13] Application and Value of New Energy Storage - New energy storage projects in China focus on independent storage, shared storage, and renewable energy integration, accounting for nearly 91% of the total installed capacity [14] - The average annual equivalent utilization hours for new energy storage systems reached 911 hours, with significant improvements in operational efficiency [21] Technological Innovations - Lithium-ion battery storage technology continues to improve, dominating the market with a share of approximately 96.4% of installed capacity [22] - Various new energy storage technologies are transitioning to commercial applications, supported by national research and development initiatives [24] Industry Growth and Cost Trends - The production of lithium-ion batteries in China reached 110 billion kilowatt-hours, with a year-on-year growth of 24%, and the total industry output value exceeded 1.2 trillion yuan [28] - The prices for lithium-ion battery storage systems have decreased by about 4% compared to 2023, indicating a trend of declining costs in the industry [29] Standardization and Future Outlook - A standard system for new energy storage is gradually being established, with numerous national and industry standards being published [30][32] - The National Energy Administration plans to strengthen planning guidance, improve cost mechanisms, and promote the efficient use of new energy storage technologies [31][33]

Core Viewpoint - The article highlights the rapid development of China's unified electricity market system, showcasing significant growth in market transactions and the increasing role of renewable energy sources in the power supply [3][9]. Group 1: Market Growth and Structure - In 2024, the national market-based electricity trading volume exceeded 6.18 trillion kilowatt-hours, accounting for 62.7% of total electricity consumption [5][6]. - The total installed power generation capacity surpassed 3.349 billion kilowatts, with an addition of 429 million kilowatts, primarily driven by solar and wind energy, which contributed 83.4% of the new capacity [5][6]. - The total electricity generation reached 10.09 trillion kilowatt-hours, a year-on-year increase of 6.7%, with wind and solar resources contributing 58.1% of the new generation [5][6]. Group 2: Market Participants and Transactions - The number of market participants rose to 816,000, an increase of 8.9%, including 35,000 power generation companies and 777,000 electricity users [6][12]. - The trading volume of renewable energy reached 956.9 billion kilowatt-hours, representing 52.3% of total renewable generation [6][12]. - Cross-provincial and cross-regional trading saw a significant increase, with long-term trading volume growing by 19.8% to 1.39 trillion kilowatt-hours [6][7]. Group 3: Policy and Regulatory Developments - The inter-provincial electricity spot market officially launched after two years of trial operation, facilitating over 88 billion kilowatt-hours of transactions, with 44% from clean energy [10][11]. - New market mechanisms and regional collaboration have emerged, enhancing resource allocation and supporting renewable energy consumption [10][11]. - The regulatory framework is evolving, with updates to the Energy Law and the Electricity Market Supervision Measures, ensuring a robust market environment [12].

Core Viewpoint - The report highlights the rapid development of new energy storage in China, emphasizing its critical role in the new power system and its contribution to the "dual carbon" strategy [3]. Group 1: Policy and Development - Since the 14th Five-Year Plan, a comprehensive policy framework for new energy storage has been established, leading to steady industry growth. By the end of 2024, the installed capacity of new energy storage reached 73.76 million kilowatts (168 million kilowatt-hours), accounting for over 40% of the global total [4]. - The policy system for new energy storage continues to improve, with multiple policy documents issued to enhance the electricity market mechanism and guide scientific development [4]. Group 2: Application and Impact - The application effects of new energy storage are becoming increasingly evident, with the annual equivalent utilization hours exceeding 1,000 hours in provinces such as Zhejiang, Jiangsu, Chongqing, and Xinjiang in 2024, significantly aiding in the consumption of renewable energy [5]. - During peak summer periods, new energy storage has played a crucial role in ensuring electricity supply during peak demand times, functioning effectively as a "super battery" [5]. Group 3: Technological Innovation - Significant progress has been made in technological innovation, with the National Energy Administration announcing 56 pilot projects for new energy storage in 2024, covering over ten technology routes and showcasing a diversified development trend [5]. - Twelve new energy storage projects were selected as part of the fourth batch of major technological equipment in the energy sector, providing application scenarios for the implementation of first-of-a-kind major technological equipment [5]. Group 4: Standardization - The standardization system for new energy storage continues to be strengthened, with over 20 electrochemical storage standards published and implemented in 2024, covering various aspects such as planning, grid connection, operation control, maintenance testing, and post-evaluation [5].

Core Viewpoint - The article highlights the significant progress in China's energy sector in the first half of the year, showcasing a robust increase in renewable energy generation, improved energy security, and the acceleration of green energy consumption initiatives [1][2][3] Group 1: Energy Supply and Production - Renewable energy generation reached nearly 1.8 trillion kilowatt-hours, accounting for almost 40% of the total national power generation [1] - The production of raw coal, crude oil, and natural gas increased by 5.4%, 1.3%, and 5.8% year-on-year, respectively [1] - Daily average industrial power generation increased by 1.3% year-on-year, with the maximum national power load reaching a historical high of 1.508 billion kilowatts [1] Group 2: Power Generation Capacity - Over 200 million kilowatts of new power generation capacity was added in the first half of the year, including 30 million kilowatts from renewable sources [2] - Renewable energy generation accounted for nearly 40% of total power generation, surpassing the combined electricity consumption of the tertiary industry and urban-rural residents [2] - By the end of June, the total installed capacity of renewable energy reached 2.159 billion kilowatts, representing 59.2% of the total installed capacity [2] Group 3: Green Certificate Market - A total of 348 million green certificates were traded in the first half of the year, reflecting a year-on-year increase of 118% [3] - The average price of green certificates rose to 5 yuan per certificate, with June's average reaching 6.5 yuan, a 4.4-fold increase from the lowest price this year [3] - The establishment of a unified national electricity market has progressed, with new mechanisms for cross-regional electricity trading and the launch of continuous settlement trials in the southern region [3]

Core Viewpoint - The reliability of electricity supply remains stable despite extreme weather events, with the National Energy Administration actively monitoring and managing the situation to ensure safety and reliability [1][2][3] Group 1: Electricity Supply Reliability - The National Energy Administration reported that the overall electricity supply in the country has remained stable in the first half of the year, with effective measures taken to mitigate the impact of extreme weather on the power system [1] - The average electricity reliability rate nationwide was 99.948%, with a reduction in average outage time and frequency for users [3] Group 2: Generation and Transmission Performance - In terms of generation, the equivalent availability factor for coal-fired units was 92.12%, an increase of 0.68 percentage points year-on-year, while the average utilization hours decreased by 166.29 hours to 1961.31 hours [2] - The equivalent availability factor for conventional hydropower units was 92.93%, a decrease of 0.27 percentage points, with average utilization hours down by 7.84 hours to 1631.61 hours [2] - The transmission and transformation systems showed improvements, with the availability factor for 220 kV and above transformers at 99.6%, an increase of 0.29 percentage points, and the energy availability rate for DC transmission systems at 97.09%, an increase of 2.22 percentage points [2]

Core Viewpoint - The article highlights the significant growth of renewable energy installations in China during the first half of the year, indicating a strong commitment to sustainable energy sources and their increasing share in the overall energy mix [1] Group 1: Renewable Energy Installations - In the first half of the year, China's new renewable energy installations reached 268 million kilowatts, a year-on-year increase of 99.3%, accounting for approximately 91.5% of total new installations [1] - The breakdown of new installations includes hydropower at 3.93 million kilowatts, wind power at 51.39 million kilowatts, solar power at 212 million kilowatts, and biomass power at 710 thousand kilowatts [1] - As of June 30, the total installed capacity of renewable energy in China reached 2.159 billion kilowatts, a year-on-year increase of 30.6%, representing about 59.2% of the country's total installed capacity [1] Group 2: Renewable Energy Generation - Renewable energy generation accounted for nearly 40% of the total electricity generation in the country, surpassing the combined electricity consumption of the tertiary industry and urban and rural residents [1] - In the first half of the year, the total renewable energy generation reached 1,799.3 billion kilowatt-hours, a year-on-year increase of 15.6%, which is approximately 39.7% of the total electricity generation [1] - The increase in wind and solar power generation exceeded the overall growth in electricity consumption across the society [1]

Core Viewpoint - The rapid development of new energy storage in China is significantly enhancing the integration of renewable energy and improving the stability of the power system, with a notable increase in installed capacity and supportive policies [1][2]. Group 1: Development and Capacity - As of the end of 2024, China has built and put into operation new energy storage capacity of 73.76 million kilowatts (168 million kilowatt-hours), accounting for over 40% of the global total installed capacity [1]. - The policy framework for new energy storage has been continuously improved, with multiple policy documents issued to guide scientific development and enhance the electricity market mechanism [1]. Group 2: Application and Impact - The application effects of new energy storage are becoming increasingly evident, with average equivalent utilization hours exceeding 1,000 hours in provinces such as Zhejiang, Jiangsu, Chongqing, and Xinjiang in 2024, playing a crucial role in the consumption of renewable energy [2]. - During peak summer periods, new energy storage has effectively acted as a "super battery," contributing significantly to power supply during peak demand [2]. Group 3: Technological Innovation - In 2024, the National Energy Administration announced 56 pilot projects for new energy storage, covering over ten technological routes, with many projects representing the first engineering applications in the country [2]. - Twelve new energy storage projects were selected as part of the fourth batch of major technological equipment in the energy sector, providing application scenarios for the implementation of first-of-a-kind equipment [2]. Group 4: Standardization - In 2024, more than 20 standards for electrochemical energy storage were published and implemented, covering various aspects such as planning, grid connection, operation control, maintenance testing, and post-evaluation, further enhancing the standardization of new energy storage in China [2].

Core Viewpoint - The article emphasizes the importance of advancing the intelligent transformation of coal mines through the implementation of pilot projects focused on key technological upgrades and applications in the coal mining industry [2][3]. Group 1: Overall Requirements - The initiative aims to enhance the operational level of coal mine intelligence by leveraging industry research capabilities and focusing on key areas and typical application scenarios [3]. - The goal is to establish projects with high levels of intelligent control and autonomous stable operation capabilities, leading to improved productivity in the coal mining sector [3]. Group 2: Pilot Tasks - The pilot projects will target five key areas: 1. Intelligent tunneling systems for underground coal mines, focusing on high-precision geological detection and integrated tunneling technologies [4]. 2. Intelligent coal mining systems, emphasizing adaptive cutting and intelligent decision-making technologies [4]. 3. Intelligent stripping systems for open-pit coal mines, enhancing process coordination and remote control capabilities [5]. 4. Intelligent coal selection systems, improving detection and analysis technologies for efficient coal sorting [5]. 5. Auxiliary and other intelligent systems, integrating AI and enhancing operational efficiency in various mining processes [5]. Group 3: Organization and Implementation - Coal mining provinces and relevant central enterprises are tasked with evaluating their current intelligent construction status and selecting suitable pilot directions for project applications [7]. - A rigorous selection process will be conducted, with a limit on the number of recommended projects to ensure quality [7]. - The National Energy Administration will oversee the evaluation and approval of pilot projects, ensuring they meet the necessary criteria for intelligent construction [8]. Group 4: Work Requirements - Projects must align with pilot directions and demonstrate significant leading effects, with a preference for new projects and upgrades to existing intelligent systems [9]. - The deadline for submitting project recommendations is set for September 15, 2025, with a maximum construction period of three years [9]. - Continuous monitoring and support from local coal industry management departments are encouraged to ensure effective implementation of pilot projects [9][10].

Green Certificate Issuance - In June 2025, the National Energy Administration issued 278 million green certificates, a month-on-month increase of 29.33%, covering 198,700 renewable energy generation projects, with 196 million being tradable green certificates, accounting for 70.64% [1] - From January to June 2025, a total of 1.371 billion green certificates were issued, of which 958 million were tradable [1] Renewable Energy Generation Types - In June, the issuance of green certificates by renewable energy generation type included: - Wind power: 11,078 - Solar power: 6,994 - Conventional hydropower: 8,226 - Biomass power: 1,330 - Other renewable energy: 171 - Total green certificates issued in June: 27,799, and from January to June: 1,371,122 [3] Green Certificate Trading - In June 2025, a total of 60.91 million green certificates were traded nationwide, with 10.33 million being green electricity trading certificates. From January to June, 348 million green certificates were traded, including 107 million green electricity trading certificates [4] - In June, the average trading price of green certificates was 3.40 yuan per certificate, with a month-on-month increase of 24.77% [6] Trading by Renewable Energy Generation Types - In June, the trading of green certificates by renewable energy generation type included: - Wind power: 2,927 - Solar power: 2,364 - Biomass power: 678 - Other renewable energy: 122 - Total green certificates traded in June: 6,091, and from January to June: 34,826 [6]