Opinions on promoting energy storage

How to improve energy storage industry?

1) Strengthening planning guidance to encourage the diversification of energy storage; 2) Promoting technological progress to expand the energy storage industry system; 3) Improving the policy mechanism to create a healthy market environment; 4) Standardisation of industry management to improve the construction and operation.

Can China develop energy storage technology and industry development?

Under the direction of the national “Guiding Opinions on Promoting Energy Storage Technology and Industry Development” policy, the development of energy storage in China over the past five years has entered the fast track.

What are the main goals of new energy storage development?

The main goals of new energy storage development include: Full market development by 2030. The guidance covers four aspects: 1) Strengthening planning guidance to encourage the diversification of energy storage; 2) Promoting technological progress to expand the energy storage industry system;

Why is energy storage technology important?

With the challenges posed by the intermittent nature of renewable energy, energy storage technology is the key to effectively utilize renewable energy. China’s energy storage industry has experienced rapid growth in recent years.

Will energy storage grow by 2020?

According to CNESA’s 2017 white paper, electrochemical energy storage installed capacity is expected to grow to 2 GW by 2020, while molten salt and compressed air storage are expected to reach 1.8 GW and 148 MW, respectively. Increased policy support for energy storage will ensure these predictions become reality.

When will energy storage become commercialized?

... During this period, the management system, incentive policies and business models of energy storage were mainly explored. 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 .