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China sees leapfrog growth in installed capacity of new energy storage

China

China

China

China sees leapfrog growth in installed capacity of new energy storage

2026-09-12 19:11 Last Updated At:09-13 23:16

China's installed capacity of new-type energy storage had grown from 3 million kilowatts at the start of the 14th Five-Year Plan period (2021-2025) to 153 million kilowatts by the end of June this year, showing a rapid and leapfrog growth.

By the end of June, China's built and operational new-type energy storage capacity had reached 153 million GW/396 million GWh, up 61 percent year on year.

The utilization of new-type energy storage has also improved steadily, with equivalent utilization hours reaching 611, 911 and 1,195 in 2023, 2024 and 2025, respectively, bringing the system's regulatory role into full play .

"During the 14th Five-Year Plan period, China's installed new-type energy storage capacity grew by more than 40 times, achieving a historic leap from the initial stage of commercialization to large-scale development. During the 15th Five-Year Plan period (2026-2030), the new-type energy storage is expected to maintain a high growth, with an estimated additional installed capacity of about 160 million kilowatts," said Liu Yongdong, deputy secretary-general of the China Electricity Council.

As planned, by 2030, China's new-type energy storage capacity will reach 300 million kilowatts, of which grid-side independent new-type energy storage capable of peak-shaving and supply assurance will reach 140 million kilowatts.

China sees leapfrog growth in installed capacity of new energy storage

China sees leapfrog growth in installed capacity of new energy storage

Foreign currency deposits in the Republic of Korea broke previous records for a third straight month, propelled by a sharp increase in U.S. dollar holdings from large corporations, securities firms and public enterprises, central bank data showed Wednesday.

Outstanding foreign currency deposits, held by residents, jumped 14.09 billion U.S. dollars from a month earlier to 154.71 billion dollars at the end of September, according to the Bank of Korea.

It marked the highest since the central bank started compiling the data in June 2012, extending its record-breaking streak that began in July.

The U.S. dollar-denominated deposits spiked 12.99 billion dollars to 132.90 billion dollars, smashing previous records for a fourth consecutive month.

It was driven by large corporations receiving trade payments, inflows of investor deposits from securities firms, and foreign-currency bond issuance funds raised by public enterprises.

Japanese yen deposits climbed 0.55 billion dollars to 9.49 billion dollars, and euro-denominated deposits grew 0.37 billion dollars to 9.53 billion dollars.

Corporate deposits expanded 13.11 billion dollars to 136.60 billion dollars, hitting a record high for three successive months, while individual deposits added 0.98 billion dollars to 18.11 billion dollars.

ROK foreign currency deposits break records for 3rd month in September

ROK foreign currency deposits break records for 3rd month in September

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