According to the Austrian "Courier" website reported on May 12, China is already the world's battery market leader. But the country is also ahead of Europe and the US when it comes to another promising energy storage technology.
From Reference News
According to the Austrian "Courier" website reported on May 12, China is already the world's battery market leader. But the country is also ahead of Europe and the US when it comes to another promising energy storage technology.
Compressed air energy storage (CAES) is currently a cost-effective long-term power storage technology. It is especially important for access to solar and wind energy, with the help of which excess electricity can be used at night or when there is no wind.
According to the report, a 1500 MWH energy storage facility in Yingcheng, Hubei Province was connected to the grid in early April, and an 1800 MWH energy storage facility in Feicheng, Shandong province was connected to the grid at the end of April. The 300-megawatt energy storage facility in Yingcheng, Hubei, can release energy for five hours a day and provide a total of 1,500 megawatt-hours of electricity. The energy storage facility took two years to build and uses an abandoned salt mine to store air.