On January 15, the 2025 Energy Storage International Summit & Exhibition and the CNESA DataLink 2024 Annual Energy Storage Data Release took place in Beijing. According to preliminary statistics from the CNESA DataLink Global Energy Storage Database, by the end of 2024, China’s cumulative installed power storage capacity exceeded 100 gigawatts (GW) for the first time, reaching 137.9 GW.
Source: Xinhua News Agency
On January 15, the 2025 Energy Storage International Summit & Exhibition and the CNESA DataLink 2024 Annual Energy Storage Data Release took place in Beijing. According to preliminary statistics from the CNESA DataLink Global Energy Storage Database, by the end of 2024, China’s cumulative installed power storage capacity exceeded 100 gigawatts (GW) for the first time, reaching 137.9 GW.
Notably, the capacity of new energy storage systems surpassed that of pumped storage, with new energy storage installations totaling 78.3 GW/184.2 GWh. This marks a year-on-year increase of 126.5% in power and 147.5% in energy capacity. Additionally, 43.7 GW/109.8 GWh of new energy storage capacity was commissioned in 2024, reflecting a year-on-year growth of 103% in power and 136% in energy. Regionally, Xinjiang and Inner Mongolia lead the country in both energy and power capacities, with their focus on integrating energy storage with renewable energy and independent storage solutions, respectively.
Both power battery companies like CATL and non-battery firms such as HiNa Energy have demonstrated strong performance in global market shipments. From January to October 2024, Chinese manufacturers produced over 200 GWh of energy storage lithium batteries for the global market, with annual production expected to exceed 300 GWh. According to CNESA DataLink, the top 10 energy storage battery companies by global shipments in 2024 include: CATL, EVE Energy, HiNa Energy, BYD, Ruipu Lanjun, Gotion High-Tech, Envision Energy, Chutian New Energy, Lishen, and Ganfeng Lithium.
Looking ahead, CNESA forecasts that in 2025, new installations of new energy storage systems in China will range between 40.8 GW and 51.9 GW, with an average of around 45 GW. The industry is expected to see five key trends.
Increasing Storage Value: Large-scale regulation and supply security will become more critical.
Market Participation: With improved market connection mechanisms, energy storage will evolve toward a “multi-use, time-based reuse” model.
Industry Reshuffling: The number of companies facing cancellations or suspensions will double in 2024.
Technological Innovation: Technological advancements will shift the industry focus from price competition to value-driven competition.
Market Growth: By 2025, China’s cumulative installed new energy storage capacity is expected to surpass 100 GW.