China Issues Implementation Plan For Green And Low-Carbon Advanced Technology Demonstration Projects

Published: Sep 01, 2023 11:09 (GMT+8)

Save

On August 22nd, the National Development and Reform Commission and other ten departments issued a notice officially releasing the "Implementation Plan for Green and Low-Carbon Advanced Technology Demonstration Projects" (referred to as the "Implementation Plan"). The Implementation Plan sets out the work objectives for green and low-carbon advanced technology demonstration projects in two stages, namely 2025 and 2030. Energy storage is listed as one of the key areas in the document, promoting "new energy + energy storage," new types of energy storage, pumped-hydro storage, integrated generation-transmission-load storage systems, and demonstrations of complementary and integrated multiple energy sources. It also emphasizes long-term, high-precision renewable energy power forecasting, virtual power plants, interactions between new energy vehicles and the power grid, and demonstrations of flexible DC power transmission, among others. SMM believes that China's new energy storage industry has entered a rapid development stage. The Implementation Plan also highlights the practical application of new energy storage in multiple scenarios, reflecting the market-oriented approach to innovation in the new energy storage industry. With the continuous promotion of the "carbon peak" and "carbon neutrality" targets, energy storage, as an important component, will continue to experience a prosperous industry outlook.

Policy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Green Hydrogen Project Tracker — First Concrete Pour for Gasification Unit of Shenyang 100,000 mt Green Methanol Project: Wind and Solar Green Hydrogen Coupled with Biomass Gasification

2 hours ago

[SMM Cobalt-Lithium Morning Meeting Summary] Raw material price trends diverge; supply-demand support for battery materials varies in strength

This week, the battery industry chain showed divergent trends. Spot lithium ore was tight, but expectations of future supply growth weighed on prices. On October 12, the average spot price of lithium carbonate fell to 115,400 yuan/mt, down 6,950 yuan/mt in a single day. Futures declined with rising open interest, while social inventory continued to destock. Lithium hydroxide, cobalt salt, and nickel sulphate were under pressure, with cautious purchasing. Ternary cathode precursor, ternary cathode material, and LCO weakened along with raw materials. LFP orders were relatively strong, with high-quality production lines running near full capacity and finished product inventories declining. Iron phosphate operating rates were high, but resistance to price increases grew. Artificial graphite edged up, supported by costs and demand, while natural graphite operated at low levels. Separator was supported by NEV, energy storage, and export rush demand, with supply-demand conditions tight. Electrolyte rose due to lagged cost pass-through. Sodium-ion battery production and delivery were stable, while recycling-side inquiries recovered but transactions did not increase in volume. In news, CATL deepened cooperation with Seres. In the first three quarters, NEV production and sales both exceeded 12 million units. Export tax rebate policy adjustments and China-EU automotive trade consultations drew attention.

2 hours ago

2026 Hydrogen Energy Technology and Industry Development Symposium Held in Shandong, Fuel Cell National Innovation Center Achievements Unveiled

2 hours ago