Does energy storage need to be installed by the southern power grid

Why is China Southern power grid developing a trading mechanism?

China Southern Power Grid is developing a trading mechanism to adapt to the participation of emerging market entities such as pumped storage, new energy storage and virtual power plants, designing flexible and diversified market demand response trading modes, and promoting the market construction of demand response in five southern provinces.

What is China Southern power grid?

Not only industrial users. China Southern Power Grid encourages all kinds of power market entities to tap peak shifting resources, and guides non-productive air conditioning loads, industrial loads, charging facilities, user side energy storage and other flexible loads to actively participate in demand response.

How many kilowatts will China Southern power grid put into operation?

According to the white paper, during the "14th five year plan" and "15th five year plan", China Southern Power Grid will put into operation 5 million kilowatts and 15 million kilowatts of pumped storage respectively, and put into operation 20 million kilowatts of new energy storage respectively.

Will energy storage change the dynamics of a grid?

With widespread grid failures on this scale, energy storage would have to make up a much larger share of system capacity than it currently does to change the dynamics, although it can respond to sudden system fluctuations by providing ancillary services, like frequency and voltage regulation.

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.

How do energy storage and demand response affect the grid?

As a result, the grid has historically relied on more flexible resources, such as natural gas or hydropower, to meet sudden changes in demand. Energy storage and demand response add additional flexible resources to the system operator’s toolkit, providing them with more options for balancing the grid.