Subsidy policies for industrial and commercial energy storage in various regions

How do government subsidies help energy storage enterprises?

Government subsidies alleviate the financial constraints of energy storage enterprises. Government subsidies promote R&D investment in energy storage enterprises. Differentiated subsidy strategies can generate higher TFP improvement returns. Government subsidies are an important means to guide the development of the energy storage industry.

Do government subsidies increase total factor productivity of energy storage enterprises?

Based on panel data of Chinese 101 energy storage enterprises from 2007 to 2022, this paper examines the effectiveness of government subsidies in the energy storage industry from the perspective of total factor productivity (TFP). The results unveil that government subsidies significantly increase the TFP of ESEs.

What policies are being implemented in the energy sector?

Regarding policies, numerous regions have introduced measures related to distributed PV installations and energy storage, along with offering special subsidies to boost the growth of industrial and commercial storage.

Do government subsidies affect the R&D of large-scale energy storage projects?

Government subsidies may have a stronger effect on the R&D of large-scale ESEs. Currently, the energy storage projects show a trend of continuous scale-up, and large ESEs are more likely to construct large-scale “wind power + PV + energy storage” projects.

Are government subsidies effective in reducing energy storage financing constraints?

Large ESEs with sufficient collateral and high technological maturity of their energy storage products are more likely to receive government subsidies and external financing from the banking sector. As a result, government subsidies are more effective in alleviating the financing constraints of large-scale ESEs.

Do government subsidies improve TFP of energy storage enterprises?

Government subsidies improve the TFP of energy storage enterprises. The government's “picking winners” subsidy strategy is effective. Government subsidies alleviate the financial constraints of energy storage enterprises. Government subsidies promote R&D investment in energy storage enterprises.