Tesla's Shanghai Energy Storage Gigafactory is expected to have an annual production capacity of 10000 units and an energy storage capacity of nearly 40 gigawatt hours (1 gigawatt hour=1000 megawatt hours). This energy storage factory is like a power "super bank", allowing electricity to be deposited into the bank like money and withdrawn as needed. It can store excess electricity and release it when you need it. This is the charm of new energy storage.

In March 2024, the development of new energy storage was included in the Government Work Report. As of the end of 2024, the installed capacity of new energy storage in China has exceeded pumped storage for the first time, with a cumulative capacity of 78.3 GW/184.2 GWh (i.e. maximum charging and discharging power of 78.3 GW/energy storage capacity of 184.2 GWh). The Energy Storage Application Branch of the China Physical and Chemical Power Industry Association predicts that the scale of the new energy storage industry is expected to exceed one trillion yuan by 2025, and is expected to approach 3 trillion yuan by 2030.

In the face of the explosive growth of new energy storage, Shanghai has taken the lead and released the "Shanghai New Energy Storage Demonstration Leading Innovative Development Work Plan (2025-2030)" to accelerate the agglomeration of the new energy storage industry and high-quality innovative development. Pudong has actively responded, from policy support to technological innovation, from industrial park construction to subsidy policy implementation, comprehensively layout the new energy storage industry, demonstrating strong development potential and innovative vitality.

Eighteen Martial Arts of New Energy Storage

New energy storage refers to new energy storage technologies other than pumped storage, including new lithium-ion batteries, flow batteries, compressed air, mechanical energy storage, etc.

The 'big water tank' in the energy storage industry - flow battery

Flow batteries are a special type of energy storage technology that can be installed. Its electrical energy is stored in a liquid electrolyte, like a 'big water tank', with a capacity that can be expanded freely. As long as the 'water tank' (electrolyte) is enlarged, more electricity can be stored. This type of battery is particularly suitable for large-scale energy storage, such as grid peak shaving. Imagine a huge 'electricity reservoir' that stores electricity during low demand periods and releases it during peak demand periods, perfectly solving the 'electricity anxiety' of the power grid.

In terms of flow batteries, Shanghai Electric Lingchu, a leading enterprise in the domestic flow battery industry, has settled in Pudong Jinqiao. It focuses on independent research and development of key materials, stacks, and system integration for flow battery energy storage products. Currently, it has more than 80 intellectual property rights and has participated in the formulation of national, industry, and group standards for flow batteries. Its technical level is in a leading position in the domestic flow battery industry.

In the future, with the continuous advancement of technology and the gradual expansion of the market, the new energy storage industry will surely shine brighter on the innovative land of Pudong.