How to promote the commercialization of energy storage

Can energy storage be commercialized?

Energy storage has entered the preliminary commercialization stage from the demonstration project stage in China. Therefore, to realize the large-scale commercialization of energy storage, it is necessary to analyze the business model of energy storage.

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

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.

How does China promote battery storage?

To promote battery storage, China has implemented a number of policies, most notably the gradual rollout since 2017 of the “mandatory allocation of energy storage” policy (强制配储政策), which is also known as the “ new energy plus storage ” model (新能源+储能).

How is energy storage developing in China?

However, China's energy storage is developing rapidly. The government requires that some new units must be equipped with energy storage systems. The concept of shared energy storage has been applied in China, which effectively promotes the development of energy storage. 4.3. Explore new models of energy storage development

How can energy storage improve time-of-use electricity price management?

On the user side, energy storage can manage the user's time-of-use electricity price, manage capacity costs, and improve power quality. These three application scenarios are integrated with each other. When users build energy storage for time-of-use electricity price management, they also reduce load and capacity cost management.

Can the United States lead the development of the energy storage industry?

From a global perspective, one of the main reasons why the United States can lead the development of the energy storage industry is that since the late 1970s, the United States has broken the monopoly of the electricity market through legislation.