New energy storage drives over 100 billion yuan investment
According to the data of the National Energy Administration, from the perspective of investment scale, since the "14th Five-Year Plan", the new new energy storage capacity has directly promoted economic investment of more than 100 billion yuan, driven the further expansion of the upstream and downstream of the industrial chain, and become a "new driving force" for China's economic development. [pdf]
Superconducting magnetic energy storage power station
Superconducting energy storage systems utilize superconducting magnets to convert electrical energy into electromagnetic energy for storage once charged via the converter from the grid, magnetic fields form within each coil that is then utilized by superconductors as magnets and returned through power converters for use elsewhere when required – like back into grid power or loads via power converters that manage the exchange. [pdf]
Vietnam safe energy storage project
This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam’s target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8). [pdf]
Companies investing in energy storage power
Significant players active in energy storage projects include: (1) Tesla, a leader in battery technology, invests significantly in storage solutions, (2) Siemens, focusing on large-scale grid storage systems, (3) NextEra Energy, which allocates resources to renewable energy storage, and (4) LG Chem, enhancing lithium-ion battery production aimed at various applications. [pdf]
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