China’s Battery Power Storage Expected to Grow Tenfold by 2025
A member of State Grid staff looks at an energy storage facility in Hangzhou on April 7, 2021. Photo: IC Photo
With China ramping up its renewables capacity to fulfill Beijing’s carbon reduction pledges, the country’s power storage capacity from batteries is expected to increase tenfold by 2025, which could help defeat the daily feast-famine cycle in wind and solar power output.
Total battery capacity for power storage in China through 2025 is predicted to top 35.5 gigawatts (GW), up from 2020’s 3.27 GW in a conservative scenario, according to a report that industry group China Energy Storage Alliance released Wednesday. The forecasted figure could climb further to 55.9 GW if new wind and solar power installations increase significantly over the next five years.
Xian Longi Hydrogen Technology Co. was registered March 31 in China, according to Solarzoom. Longis billionaire founder and president Li Zhenguo is serving as the companys chairman, and the shareholders are Xian Longi Green Energy Venture Capital Management Co. and Shanghai Zhuqueying Private Equity Investment Fund Partnership.
iPolitics By iPolitics. Published on Apr 6, 2021 11:17am Syncrude s Mildred Lake oilsands plant, located 100 km northwest of Fort McMurray, Alta. (Codie McLachlan/Star Edmonton)
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New research from TD Economics finds that by 2050, up to 450,000 of Canada’s current 600,000 oil and gas jobs could be lost thanks to a “falling demand for fossil fuel.”
The report says governments “must develop worker transition plans now to prevent disastrous consequences,” or else losses could be similar to those experienced in the 1990s and early 2000s when manual jobs were slashed due to automation.
“There’s a role for governments to act to ensure that these workers aren’t forgotten and left behind,” said Francis Fong, a managing director and senior economist with TD and a co-author of the report. Although some workers will be able to find jobs in in clean energy, “we don’t exactly know what form the clean-energy transition is going to take,” Fong warn
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