About Energy storage ushered in the first year of industry explosion
On March 14, 2025, the energy sector received a jolt when a lithium-ion battery storage system at Jingyu Power Plant ignited, causing China's first major energy storage explosion of the decade.
On March 14, 2025, the energy sector received a jolt when a lithium-ion battery storage system at Jingyu Power Plant ignited, causing China's first major energy storage explosion of the decade.
China's energy storage sector has experienced rapid growth over the past two years and is expected to maintain strong momentum going forward, as the country continues to expand its renewable energy capacity, said industry experts. While energy storage in China has surged ahead in the past few.
On March 14, 2025, the energy sector received a jolt when a lithium-ion battery storage system at Jingyu Power Plant ignited, causing China's first major energy storage explosion of the decade. This incident couldn't have come at a worse time - just as global investments in renewable energy storage.
China, which already boasts the world’s largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion), according to Beijing’s latest action plan. As outlined in the action plan, China’s “new-energy storage system”.
With China's installed capacity of new energy storage hitting 73.76GW by late 2024 (a 130% YoY surge) [3], we're witnessing what industry insiders call the " lithium-ion leapfrog effect ". But what does this mean for your smartphone-charging habits, factory operations, and even your electric.
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