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                                                                       construction, play a demonstration role;
                                                                       steadily promote electricity, coal, oil
                                                                       and gas and electrical equipment and
                                                                       other traditional areas of the standard
                                                                       system optimization, do a good job
                                                                       of the current standard system and
                                                                       standardized management mechanism
                                                                       and the new system mechanism of
                                                                       convergence and transition. (Source:
                                                                       NEA China)

                                                                       China installed 2,586 MW of
                                                                       new energy storage installations
                                                                       in 2020
                                                                       According to the China Chemical and
                 MIT Study: Transmission Is Key to a Low-Cost,         Physical Power Industry Association
                 Decarbonized US Grid                                  - Energy Storage Application Branch
                 Study after study over the past decade has concluded that   (CESA)  statistics,  in  2020,  China's
                 expanding the U.S. transmission grid will play a key role in   total installed capacity of newly
                 decarbonizing the country’s electricity system.  According   commissioned energy storage reached
                 to Patrick Brown, the MIT researcher who conducted    2,586 MW, including 1.8 GW of pumped
                 the study, the costs of doing so would be much lower   storage (69.5%), ranking first; 785 MW
                 than forcing regions without transmission connections   of electrochemical energy storage
    6            to overbuild renewables and energy storage to reach the   (30.4%, up 15.7% year-on-year), ranking
                 same decarbonization goals. First, nationwide transmission   second. Among them, the distribution
                 allows power-sharing across regions facing widely different   of electrochemical energy storage, by
                 weather systems that drive variation in wind and solar   type, lithium-ion batteries 762 MW,
                 generation. Second, it allows wind and solar development   lead-acid batteries 14 MW. According to
                 to be concentrated in the sunniest and windiest parts of   application scenario, grid-side energy
                 the country so that more clean energy can be supplied by   storage 296 MW, centralized new energy
                 less installed generation capacity, as well as requiring it   + storage 259 MW, power-side auxiliary
                 to be curtailed less often, Brown said. All of these benefits   services 202 MW, user-side energy
                 can be captured with solar, wind, existing hydropower   storage 16 MW, distributed and micro-
                 and lithium-ion battery technologies at projected 2030   grid energy storage 12,000 kilowatts.
                 prices, he added. That means building out transmission   According to region, the top 5 regions
                 could avoid the need for long-duration energy storage,   are East China 286 MW, Northwest
                 new nuclear power technologies or green hydrogen and   China 170 MW, South China 167 MW,
                 other carbon-neutral replacement fuels for natural-gas   Southwest China 91 MW, North China 47
                 power plants — technology options that are often seen as   MW. (Source: ESCN)
                 necessary to reach 100 percent carbon-free electricity but
                 which are untested and may not reach cost-effectiveness   Fossils fuels to lead as Africa
                 in the next few decades. The study notes that at current   doubles its energy capacity this
                 levels of U.S. interconnection, the average cost of electricity   decade
                 generation would be 9 cents/kWh if the country's system   Researchers led by Oxford University
                 were fully decarbonized; however, as the U.S. Independent   have put together a comprehensive
                 System  Operator  (ISO)  and  Regional Transmission   forecast of energy developments across
                 Organization (RTO) jurisdictions gradually interconnect   the African  continent  up  to  2030.
                 the grid, this cost is expected to drop to 7 cents/kWh, and   Based on analysis of data on more than
                 will fall further as the level of interconnection continues to   3,000 power plant projects across 54
                 increase in the future. (Source: greentechmedia)      countries, the report predicts a doubling


            Global Energy Interconnection Information                                                                                                                                             Global Energy Interconnection Information
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