New policy on energy storage technology of the university of mining

Does China's policy uncertainty affect energy storage technology investment?

Meanwhile, China's policy uncertainty in energy storage technology investment presents as a valuable case study for other countries. Furthermore, the findings of this study are particularly helpful for energy storage investors and policymakers, not only in China but also in other countries.

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.

Are energy storage subsidy policies uncertain?

Subsidy policies for energy storage technologies are adjusted according to changes in market competition, technological progress, and other factors; thus, energy storage subsidy policies are uncertain. In this section, the investment decision of energy storage technology with different investment strategies under an uncertain policy is studied.

What are China's energy storage incentive policies?

China's energy storage incentive policies are imperfect, and there are problems such as insufficient local policy implementation and lack of long-term mechanisms . Since the frequency and magnitude of future policy adjustments are not specified, it is impossible for energy storage technology investors to make appropriate investment decisions.

Why is energy storage a challenge in the mining industry?

The challenge, however, is that the mining industry requires an immense amount of energy storage capacity and for much longer time periods than much of the current battery technology can provide. “We are hoping that as the technology grows, [the storage capacity and duration] will increase.”

Do deterministic and uncertain policies affect energy storage technology investment?

To compare deterministic and uncertain policies' incentive effect on energy storage technology investment, this study selects the average peak and off-peak power price difference for energy storage participation in peak regulation auxiliary services in some Chinese provinces as a reference standard in this study.