The state develops energy storage and strictly controls grid investment

What is the key point of New Energy Micro Grid development?

Key point of new energy micro grid development is energy storage technology. Energy Storage Science and Technology 5; 2015. p. 486. Teng Yongxiao, Hanjing. The development and analysis of energy storage technology. Science & Technology Vision4; 2015. p. 153–86. Yu Zhenhua. Development status and future trend of energy storage industry.

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

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.

Does energy storage industry need a policy guidance?

Sungrow Power Supply Co., Ltd.: energy storage industry needs the policy guidance urgently. Machinery & Electronics Business; 2015-6-22: A06. Policy and innovation are key factors for the development of energy storage technology. China Electric Power News; 2016-4-28: 008. Lin Boqiang.

Is energy storage a precondition for large-scale integration and consumption?

So to speak, energy storage is the precondition of large-scale integration and consumption of RES. However, China's energy storage industry is at the exploration stage and far from commercialization. This restricts the development of RES to certain extent. For this reason, this paper will concentrate on China's energy storage industry.

How do energy storage systems respond to grid commands?

Specifically, the energy storage system responds to grid commands by charging in the valley or flat periods and discharging in the peak periods to gain the peak and off-peak power price difference revenue, while power dispatching organization provides the storage system the peak regulation subsidy based on the amount of charging it provides.

Is there a realistic investment decision framework for energy storage technology?

Therefore, in order to provide a more realistic investment decisions framework for energy storage technology, this study develops a sequential investment decision model based on real options theory, which can consider policy, technological innovation, and market uncertainties.