Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong Kong (HKEX).
China Energy Engineering Group Shanxi Electric Power Engineering has started building a 500MW solar PV project, split between two separate 250MW plants, located in Licheng County and Pingshun County in Shanxi Province. No further details were provided in the filing.
Meanwhile, China Energy Engineering Group Jiangsu Electric Power Design Institute has started building a huge energy storage system in Jiangbei New District, Nanjing, in Jiangsu Province.
The 130.88MW / 268.6 MWh grid-side electrochemical energy storage system is claimed by the company to have the largest capacity and the highest power in China, but no further details were released on the specific storage technology – presumably lithium-ion batteries – being used for the two-hour duration system.
China, alongside the US, will account for more than half of the global energy storage market by 2024, according to a recent report from Wood Mackenzie.
News Source: Energy Storage News