How long is the contract for industrial and commercial energy storage power stations

When will energy storage be commercialized?

From 2016 to 2020, the goal is to build energy storage demonstration projects with commercial purposes. This marks the development of energy storage into the early stages of commercialization. During this period, the management system, incentive policies and business models of energy storage were mainly explored.

How does a power station lease work?

It leases the energy storage capacity to the grid company for operation, which is dispatched by the grid. The grid company pays the energy storage power station lease fee. The lease fee enters the cost of the grid company and is borne by the grid operating enterprise.

Who pays the energy storage power station lease fee?

The grid company pays the energy storage power station lease fee. The lease fee enters the cost of the grid company and is borne by the grid operating enterprise. And the ownership and operation rights of the energy storage power station are separated. Fig. 4. Flow chart of negotiated lease model.

When will energy storage enter the stage of large-scale commercialization?

It is expected that from 2021 to 2025, energy storage will enter the stage of large-scale development and have the conditions for large-scale commercialization . The context of the energy storage industry in China is shown in Fig. 1.

Will energy storage industrialization be a part of the 14th five-year plan?

While looking back on 2020, we also looking forward to the development of energy storage industrialization during the 14th Five-year Plan, as policy and market mechanisms become the key to promote the full commercialization and large-scale application of energy storage.

Does shared energy storage have a primary frequency regulation obligation?

Shared energy storage can undertake the obligation of primary frequency regulation for new energy power stations. New energy power stations sign long-term contracts with energy storage power stations. Pay a certain fee to the power station and entrust it to undertake the primary frequency regulation obligation instead.