The development of new energy storage is accelerating.
2024-04-18 17:07

According to the research report released at the "Energy Storage Industry 2023 Review and 2024 Outlook" conference, the scale of new grid-connected energy storage projects in China will reach 22.8GW/49.1GWh in 2023, nearly three times the new installed capacity of 7.8GW/16.3GWh in 2022. By the end of 2023, the cumulative installed capacity of new energy storage projects that have been completed and put into operation in China will reach 31.3GW/66.9GWh. Looking forward to 2024, China's energy storage industry will continue to develop rapidly under the continuous promotion of the "14th Five-Year Plan" energy storage development plan, demonstration projects, new energy distribution and storage policies and market mechanism reforms. In 2024, the scale of new grid-connected energy storage projects in China is expected to reach 34.5GW/85.4GWh under the baseline scenario, and even 43.4GW/107.1GWh under the optimistic prediction, corresponding to a growth rate of 74% and 118% respectively.

However, while the installed capacity is growing rapidly, new energy storage is still facing the problem of low utilization rate. There are currently four major revenue models for energy storage: peak-to-valley price spread arbitrage, capacity compensation, capacity leasing and ancillary services. We believe that after the implementation of the energy storage policy, the new energy storage will accelerate the promotion of entering the power trading market and expand its revenue model.

At the same time, in the context of "dual carbon", the new power system is accelerating, and new energy storage. As a key technology to support the role of new energy as the main power source, new energy storage is an important guarantee for the safe and stable operation of the power system. The "Notice" aims to standardize the grid-connected access of new energy storage, promote the efficient dispatching and application of new energy storage, promote the high-quality development of the new energy storage industry, and provide strong support for the construction of new power systems and new energy systems.

Tags:energy storage