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according to incomplete statistics from the gaogong industry research institute, from january to august this year, more than 92 energy storage projects (batteries, system integration, components, etc.) in china have updated their signing, construction and production dynamics, with a total investment of more than 301.1 billion yuan, including 241.9 billion yuan lithium battery and system integration projects, 33.7 billion yuan liquid flow battery projects, and 25.4 billion yuan sodium battery and system integration projects; the planned annual production capacity exceeds 796gwh (gigawatt hours), including lithium battery projects above 683gwh, liquid flow battery projects above 48gwh, and sodium battery projects above 65gwh. qi haishen, president of beijing teyi sunshine new energy technology co., ltd., said in an interview with reporters: "the development of new energy must be accompanied by the development and evolution of the energy storage industry. in the next five to ten years, the development prospects and growth trends of the energy storage battery industry are likely to catch up with power batteries. it can be said that energy storage systems are a standard feature of new power systems." (securities daily)

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