In a joint statement issued by the Ministry of Finance and the State Taxation Administration, it was revealed that the export tax rebate rate for photovoltaic products, along with batteries and certain non-metallic mineral products, will be reduced from 13% to 9%. [pdf]
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As of 2025, the federal ITC provides a 30% tax credit for qualified commercial solar installations. This rate is scheduled to remain at 30% through 2032, after which it will step down to 26% in 2033 and 22% in 2034. [pdf]
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Energy storage technology is one of the critical supporting technologies to achieve carbon neutrality target. However, the investment in energy storage technology in China faces policy and other uncertain fa. [pdf]
The Hubei power plant consists of 42 BESS containers with 185Ah sodium-ion batteries, 21 power conversion systems, and a 110kV booster station. The project is being developed and managed by Datang Hubei Energy and marks China’s efforts to diversify away from lithium to more abundant sources. [pdf]
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AKSU, China, Nov. 8, 2024 /PRNewswire/ -- On November 8, the country's largest single grid-type energy storage project, the Xinhua Wusi 500,000 kW/2 million kWh grid-type energy storage project, which is the first 250,000 kW/1 million kWh lithium iron phosphate battery energy storage project to be connected to the grid and put into operation, at the same time, the project is also the country's largest hybrid energy storage project featuring all-vanadium flow and lithium iron phosphate batteries, and it is also China's largest all-vanadium liquid flow grid energy storage project. [pdf]
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On December 12, China Petroleum announced that its first independent solid-state battery energy storage station, with a capacity of 100 kW / 124 kWh, was successfully connected to the grid and began operation on December 4 at the Wangsan Station of the Third Oil Production Plant in the North China Oilfield. [pdf]
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Chinese developer ZCGN has completed the construction of a 300 MW compressed air energy storage (CAES) facility in Feicheng, China's Shandong province. The company said the storage plant is the world's largest CAES system to date. [pdf]
BEIJING, Sept. 12 -- China on Friday unveiled an action plan to promote the development of new forms of energy storage between 2025 and 2027, amid efforts to support green energy transition and ensure the stability of new-type power systems. [pdf]
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Order Surge Post-Tariff Cuts: Energy storage cell exports to the U.S. are projected to increase by 20–30% month-on-month from May to June 2025, with lithium carbonate demand revised upward to 1.35 million tons. [pdf]
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The terminal can be accessed via the recently reconstructed road to the Coal Harbor and the Morskoi Pekhoty Street free from the city transport, with the capacity of 250 trucks per hour in each direction. [pdf]
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