[{"data":1,"prerenderedAt":830},["ShallowReactive",2],{"story-article/china-s-15th-five-year-plan-for-new-energy-system-development-key-takeaways":3,"ticker-data":296},{"id":4,"uuid":5,"name":6,"slug":7,"full_slug":8,"content":9,"relatedArticles":294,"relatedVideos":295},191664684801214,"801f21b7-8c35-4070-9386-f9627c432c32","China’s 15th Five-Year Plan for New Energy System Development: Key Takeaways","china-s-15th-five-year-plan-for-new-energy-system-development-key-takeaways","article/china-s-15th-five-year-plan-for-new-energy-system-development-key-takeaways",{"_uid":10,"date":11,"tags":12,"editor":34,"content":44,"excerpt":251,"featured":252,"reporter":253,"component":264,"seo_title":265,"categories":266,"visibility":281,"data_vis_image":282,"featured_image":287,"seo_description":291,"formattedDate":292,"formattedArticleDate":293},"6d96afd5-094b-46d2-a7ba-6e0d45bb5772","2026-06-26 00:00",[13,16,19,22,25,28,31],{"slug":14,"name":15},"china","China",{"slug":17,"name":18},"solar-pv","Solar PV",{"slug":20,"name":21},"wind","Wind",{"slug":23,"name":24},"oil","Oil",{"slug":26,"name":27},"grid","Grid",{"slug":29,"name":30},"charging","Charging",{"slug":32,"name":33},"data-visualisation","Data Visualisation",[35],{"slug":36,"name":37,"content":38},"benjamin-roche","Benjamin Roche",{"job_title":39,"image":40,"bio":42,"linkedin":43},"Editor – Energy Transition Supply Chains",{"filename":41},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":45,"content":46},"doc",[47,67,81,86,91,98,112,126,147,159,175,180,185,190,202,208,213,221,226,232,237],{"type":48,"attrs":49,"content":51},"paragraph",{"textAlign":50},null,[52,55,65],{"text":53,"type":54},"China’s government has released its latest Five-Year Plan for ","text",{"text":56,"type":54,"marks":57},"New Energy",[58],{"type":59,"attrs":60},"link",{"href":61,"uuid":62,"anchor":50,"target":63,"linktype":64},"/publications/briefings/energy-indicators/energy-indicators-monthly-june-2026","6b32afd6-809c-4c2f-a538-4683c895cc79","_blank","story",{"text":66,"type":54}," System Development, setting out a range of new 2030 targets for its energy markets, including storage, generation and consumption.",{"type":48,"attrs":68,"content":69},{"textAlign":50},[70,72,79],{"text":71,"type":54},"“The plan sets conservative and in-line new energy targets, serving more as a policy floor rather than a strict ceiling,” said Calvin Xu, a BESS analyst at Benchmark. “Supported by strong industry momentum, ",{"text":73,"type":54,"marks":74},"actual installations and deployments",[75],{"type":59,"attrs":76},{"href":77,"uuid":78,"anchor":50,"target":63,"linktype":64},"/article/us-ev-demand-shift-and-bess-growth-who-deployed-the-most-batteries-in-2025-","efc32e74-520d-4632-b92b-53006fecdeef",{"text":80,"type":54}," have consistently outperformed official goals during the previous five-year plan.”",{"type":48,"attrs":82,"content":83},{"textAlign":50},[84],{"text":85,"type":54},"The plan is largely focused on “reinforcing market certainty” by providing “clear long-term development direction across renewables, energy storage, grid integration and power market reform,” Xu explained. Upcoming provincial targets and implementation rules are expected to provide more granular detail.",{"type":48,"attrs":87,"content":88},{"textAlign":50},[89],{"text":90,"type":54},"The National Energy Administration's Director-General Wang Hongzhi said during a press conference that total related investment over the plan's duration is expected to exceed RMB 20 trillion (US$2.9 trillion).",{"type":92,"attrs":93,"content":95},"heading",{"level":94,"textAlign":50},2,[96],{"text":97,"type":54},"BESS and EV energy storage",{"type":48,"attrs":99,"content":100},{"textAlign":50},[101,103,110],{"text":102,"type":54},"The new plan targets 300GW in cumulative new-type ",{"text":104,"type":54,"marks":105},"energy storage",[106],{"type":59,"attrs":107},{"href":108,"uuid":109,"anchor":50,"target":63,"linktype":64},"/article/chinese-oem-energy-storage-offtakes-in-h1-2026-quadruple-compared-to-h1-2025","db816297-be5a-4df5-abc9-4cf304f3e2cd",{"text":111,"type":54}," installed by 2030. However, China’s record under the previous five-year plan suggests it is likely to significantly overshoot this number.",{"type":48,"attrs":113,"content":114},{"textAlign":50},[115,117,124],{"text":116,"type":54},"The 14th Five-Year Plan's 30GW new-type energy storage target was surpassed by 427%, hitting 158GW in 2025. A ",{"text":118,"type":54,"marks":119},"shorter-term 180GW target",[120],{"type":59,"attrs":121},{"href":122,"uuid":123,"anchor":50,"target":63,"linktype":64},"/article/china-sets-180gw-target-for-bess-by-2027","5b7453ab-7ce0-47ec-ba4e-8e22fcd3a8dd",{"text":125,"type":54}," for 2027, set in a September 2025 policy document, is already forecast by Benchmark to be exceeded by 99%, with cumulative installations expected to reach 358GW in 2027.",{"type":48,"attrs":127,"content":128},{"textAlign":50},[129,136,138,145],{"text":130,"type":54,"marks":131},"Benchmark’s BESS Forecast",[132],{"type":59,"attrs":133},{"href":134,"uuid":135,"anchor":50,"target":63,"linktype":64},"/article/benchmark-battery-energy-stationary-storage-database-surpasses-10000-projects","3e888653-ccc0-48d2-89aa-6b0b4e35e911",{"text":137,"type":54}," shows that ",{"text":139,"type":54,"marks":140},"cumulative installed capacity",[141],{"type":59,"attrs":142},{"href":143,"uuid":144,"anchor":50,"target":63,"linktype":64},"/article/china-bess-installations-in-december-surpass-us-2025-total","e2705a82-dc4e-449f-9777-6a15bc082b5e",{"text":146,"type":54}," is projected to reach 704GW by 2030 – 135% above the stated policy target, underscoring how far market momentum has already outpaced official ambition.",{"type":148,"attrs":149},"blok",{"id":150,"body":151},"ae5a0913-2f69-48e0-b765-3fc72aeab89a",[152],{"id":153,"_uid":154,"type":155,"component":156,"fixed_height":157,"use_fixed_height":158,"fixed_height_mobile":157,"fixed_height_tablet":157},"29507747","i-c92e358a-0b09-4b34-8880-895cebd36082","visualisation","ContentFlourish","",false,{"type":48,"attrs":160,"content":161},{"textAlign":50},[162,168,170],{"text":163,"type":54,"marks":164},"The need for diverse energy storage technologies, including for long-duration systems, is ",[165],{"type":166,"attrs":167},"textStyle",{"color":157},{"text":169,"type":54},"emphasised ",{"text":171,"type":54,"marks":172},"in the plan. Applications are to be expanded across generation-side co-operation, grid stability support, microgrids, and virtual power plants.",[173],{"type":166,"attrs":174},{"color":157},{"type":92,"attrs":176,"content":177},{"level":94,"textAlign":50},[178],{"text":179,"type":54},"Coal and oil to peak",{"type":48,"attrs":181,"content":182},{"textAlign":50},[183],{"text":184,"type":54},"Non-fossil fuel energy is to reach a quarter of all energy consumption and 50% of power generation by 2030, according to the plan .The government is targeting 900GW of distributed renewable connections to the grid, with the share of total generation from new energy, which excludes conventional hydropower and nuclear, reaching 30%.",{"type":48,"attrs":186,"content":187},{"textAlign":50},[188],{"text":189,"type":54},"Total energy production capacity is targeted at 5.8 billion tonnes of standard coal equivalent. Coal and oil consumption are to peak by 2030, with non-fossil energy’s share of total consumption rising to 25%.",{"type":48,"attrs":191,"content":192},{"textAlign":50},[193,195,200],{"text":194,"type":54},"Non-fossil fuel energy installed capacity is expected to pass 3,500GW, a near-50% increase from the end of the previous five-year plan, with wind and solar ",{"text":196,"type":54,"marks":197}," ",[198],{"type":166,"attrs":199},{"color":157},{"text":201,"type":54},"becoming the dominant generation source. Non-fossil energy sources are to account for 50% of total electricity output.",{"type":148,"attrs":203},{"id":150,"body":204},[205],{"id":206,"_uid":207,"type":155,"component":156,"fixed_height":157,"use_fixed_height":158,"fixed_height_mobile":157,"fixed_height_tablet":157},"29509372","i-2702e26f-2a20-4c53-b218-bee9ccae2f34",{"type":92,"attrs":209,"content":210},{"level":94,"textAlign":50},[211],{"text":212,"type":54},"EV charging and energy storage",{"type":48,"attrs":214,"content":215},{"textAlign":50},[216],{"text":217,"type":54,"marks":218},"The plan also aims to further integrate electric vehicles (EVs) into the grid for electricity storage, making “full use of electric vehicle energy storage resources”.",[219],{"type":166,"attrs":220},{"color":157},{"type":48,"attrs":222,"content":223},{"textAlign":50},[224],{"text":225,"type":54},"The national target sets the total volume of charging facilities to reach 40 million units by 2030. Beyond hardware expansion, the policy prioritizes high-power charging deployment and vehicle-grid integration (VGI), t targeting a total aggregated adjustable charging capacity of vehicle – grid interaction of 50GW by 2030. The sector will shift its focus from pure capacity growth to coordinated development with power grids, and integrated PV-storage-charging stations will become a mainstream solution to mitigate grid pressure and boost local renewable energy consumption.",{"type":148,"attrs":227},{"id":150,"body":228},[229],{"id":230,"_uid":231,"type":155,"component":156,"fixed_height":157,"use_fixed_height":158,"fixed_height_mobile":157,"fixed_height_tablet":157},"29510081","i-06e54c8f-09f9-46e0-8c9f-a2b7db087a27",{"type":92,"attrs":233,"content":234},{"level":94,"textAlign":50},[235],{"text":236,"type":54},"Power market reform",{"type":48,"attrs":238,"content":239},{"textAlign":50},[240,242,249],{"text":241,"type":54}," A market reform agenda also featured in the plan aims to unify China’s ",{"text":243,"type":54,"marks":244},"national electricity market",[245],{"type":59,"attrs":246},{"href":247,"uuid":248,"anchor":50,"target":63,"linktype":64},"/article/china-introduces-national-capacity-pricing-for-gridside-ess-","cf6f633d-0990-45e9-b405-0feefc7463f1",{"text":250,"type":54}," by the end of 2030. It includes measures to integrate spot, medium-and-long-term, ancillary services, and capacity markets, and to link inter-province and intra-province trading. There are also plans to more fully integrate virtual power plants, storage, and demand-side resources into the market.","China’s government has released its latest Five-Year Plan for New Energy System Development, setting out a range of new 2030 targets for its energy markets, including storage, generation and consumption.\n\n“The plan sets conservative and in-line new energy targets, serving more as a policy floor rather than a strict ceiling,” said Calvin Xu, a BESS analyst at Benchmark. “Supported by strong industry momentum, actual installations and deployments have consistently outperformed official goals during the previous five-year plan.”\n\nThe plan is largely focused on “reinforcing market certainty” by providing “clear long-term development direction across renewables, energy storage, grid integration and power market reform,” Xu explained. Upcoming provincial targets and implementation rules are expected to provide more granular detail.",true,[254],{"slug":255,"name":256,"content":257},"calvin-xu","Calvin Xu",{"job_title":258,"image":259,"bio":261,"linkedin":262,"markets_covered":263},"Analyst - BESS",{"filename":260},"https://a.storyblok.com/f/287943243085208/512x512/096bdfc0f7/calvin-xu.png","Calvin is a BESS Analyst focusing on China market. He works on daily research of China's BESS projects, legislation and policy analysis. He also works on the monthly and quarterly reports focusing on China market and the OEMs updates. Now he is assisting on the data centre database. Calvin holds a MSc of e-Business Management at University of Warwick. 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