Resolution Criteria

The market resolves YES if China achieves more than 180 million kilowatts (180 GW) of installed new-type energy storage capacity by the end of 2027. Resolution will be based on official data from China's National Energy Administration (NEA), which publishes annual energy storage capacity reports. The most recent official report can be found at the NEA's official website or through announcements from the National Development and Reform Commission (NDRC).

Background

As of the end of 2024, China's installed capacity of new-type energy storage had reached 73.76 GW, and as of June 2025, China's new energy storage fleet had surpassed 100 GW. The 180 GW target is expected to drive approximately 250 billion yuan (about 35.2 billion U.S. dollars) in direct project investment. Lithium-ion batteries comprise 96.4% of total installed capacity, though alternative technologies such as compressed air, flow batteries, sodium-ion, and flywheels will progress toward commercialization, with emerging solutions including solid-state, gravity, thermal, and hydrogen storage seeing demonstration projects.

Considerations

China has already outpaced its previous targets, reaching its 2025 goal of 30 GW two years early and adding 37 GW of new energy storage in 2024 alone—more than doubling total capacity year-on-year. However, China scrapped a national energy storage mandate earlier this year—a policy that had previously driven as much as 75% of the country's storage deployment and required most new solar and wind projects to include co-located storage. This policy change introduces uncertainty regarding deployment rates going forward.