The latest chinese energy storage support policy

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.

How many provinces and cities in China are implementing energy storage policies?

At present, more than 20 provinces and cities in China have issued policies for the deployment of new energy storage. After energy storage is configured, how to dispatch and operate energy storage, how to participate in the market, and how to channel costs have become the primary issues which plague new energy companies and investors.

How many energy storage companies are there in China?

At present, there are nearly 90,000 registered enterprises involved in the energy storage industry, data from the China Industrial Association of Power Sources (CIAPS) showed. According to the National Energy Administration, China's energy storage sector, hydropower storage excluded, will enter the stage of large-scale development in 2025.

What is China's energy storage strategy?

Localities have reiterated the central government’s goal of developing an integrated format of “new energy + storage” (such as “solar + storage”), with a required energy storage allocation rate of between 10% and 20%. China has created an energy storage ecosystem with players throughout the supply chain.

Why is energy storage important in China?

Developing energy storage is an important step in China's transition from fossil fuels to renewable energy, while mitigating the effect of new energy's randomness, volatility and intermittence on the grid and managing power supply and demand, he said.

Is China's energy storage industry ready for industrialization?

While it is true that the development of China's energy storage industry has moved from a technical verification stage to a new stage of early commercialization, the industry still faces many challenges which hinder development, and true "industrialization" has not yet materialized.