World's largest compressed-air energy storage power station being built

Time:2024-12-23 11:08:25      Source:Globaltimes.com

The world's largest compressed-air energy storage power station, the second phase of the Jintan Salt Cavern Compressed-Air Energy Storage Project, officially broke ground on Wednesday in Changzhou, East China's Jiangsu Province, marking a key milestone in China's energy storage advancements, according to a report by China Group Media.

The second phase of Jintan Salt Cavern Compressed-Air Energy Storage Project plans to build two 350-megawatt non-supplementary fired compressed air energy storage units, with a total volume of 1.2 million cubic meters, making it the largest in unit capacity, storage volume, and efficiency.

The project has overcome key technological bottlenecks, achieving 100 percent localization of air turbines and compressors, bolstering China's energy security strategy, China Group Media reported on Wednesday.

Once completed, the project will store 2.8 million kilowatt-hours per charge, powering up to 100,000 electric vehicles. It will save 270,000 tons of standard coal annually and reduce carbon dioxide emissions by 520,000 tons.

"The compressed-air energy storage station offers large capacity, long storage time (over 4 hours), and efficient response, making it comparable to small and medium-sized pumped storage power plants," Liu Yong, Secretary General of Energy Storage Application Branch of China Industrial Association of Power Sources told the Global Times on Wednesday.

Liu noted that the system operates without combustion, producing zero carbon emissions, and has a lifespan of up to 50 years. "It offers longer storage duration, extended lifespan, lower lifecycle cost, and better safety, compared to other energy storage technologies," Liu said.

Salt cavern compressed-air energy storage, dubbed as the underground "green power bank," stores electricity by compressing air into underground salt caverns during off-peak times. The air is then released during peak demand to generate electricity, balancing supply and demand, as China Group Media reported.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-13
Shuozhou 5200 435 0 FOR 06-13
Ordos 5500 415 0 ex-mine 06-13
Yulin 6200 535 0 ex-mine 06-13
Liulin Low-sulphur 570 0 ex-mine 06-13
Gujiao Low-sulphur 1095 0 FOR 06-13
Xingtai Low-sulphur 1210 0 ex-Factory 06-13
Yangquan PCI 770 0 FOR 06-13
Index RMB/t WoW WoW% Date
Qinhuangdao 620.0 -38.0 -5.78 06-12
Caofeidian 528.0 -39.0 -6.88 06-12
Huanghua 178.3 -12.0 -6.31 06-12
Guangzhou 290.0 13.0 4.69 06-12
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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