Linyi New Energy Storage

What is Lina energy?

LiNa Energy is helping the energy sector accelerate the transition to Net Zero, through our safer and more sustainable alternative to lithium ion. We are leading the charge to develop and commercialise low-cost solid state sodium batteries, with a focus on the renewable energy storage market.

What percentage of China's energy storage capacity is lithium-ion?

According to the NEA, lithium-ion battery energy storage accounted for 97 per cent of China’s operational energy storage capacity by the end of 2023, with other emerging technologies accounting for the rest.

Will China develop new types of power storage?

China's development of new types of power storage is also on a fast track. Liu Yafang, an official with the NEA, said at a recent news conference that in the past year, the NEA and the National Development and Reform Commission have launched a series of policies to promote the development of new types of power storage.

How big is China's energy storage capacity?

Overall capacity in the new-type energy storage sector reached 31.39 gigawatts (GW) by the end of 2023, representing a year-on-year increase of more than 260 per cent and almost 10 times the capacity in 2020, China’s National Energy Administration (NEA) said in a press conference on Friday.

Is energy storage a 'new driving force' for China's Economic Development?

Total investment in building energy storage projects has exceeded 100 billion yuan since 2021, making the sector a “new driving force” for China’s economic development, said Bian Guangqi, an NEA official.

How has China's energy storage sector benefited from new technologies?

China’s energy storage sector nearly quadrupled its capacity from new technologies such as lithium-ion batteries over the past year, after attracting more than 100 billion yuan (US$13.9 billion) in direct investment over the past couple of years.