According to information from Harbin Electric Corp., which participated in the implementation of this project, the facility has a capacity of 2400 MWh and can produce up to 600 MW of electricity. This amount is sufficient to meet the annual electricity consumption of approximately 600,000 households.
BloombergNEF emphasizes that compressed air energy storage technologies are among the most cost-effective and durable solutions in this field. Their operation involves pumping air into underground reservoirs during periods of low demand and releasing it to drive turbines during peak loads.
The growth of such initiatives is linked to the rapid development of renewable energy sources in China. The country's authorities aim to put into operation more than 180 GW of new capacity by 2027, which, in turn, promotes the active development of both battery storage systems and alternative technologies such as compressed air energy storage.
