Policies and development of energy storage technology

How can policy makers promote the development of energy storage?

With the development of energy storage, policy makers need to design policies more scientifically and take a systematic approach to promote the development of energy storage. There are few comprehensive studies of Chinese energy storage policies.

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

How a complex energy storage policy system has developed in China?

The development of energy storage industry requires promotion of the government in the aspect of technology, subsidies, safety and so on, thereby a complex energy storage policy system has developed. A lack of systematic research specifically regarding energy storage policies in China still prevails.

What are the industrial policies for energy storage?

The industrial policies for energy storage are complex and diverse. The development of energy storage industry requires promotion of the government in the aspect of technology, subsidies, safety and so on, thereby a complex energy storage policy system has developed.

What should the government do about energy storage?

The government should establish a special department for energy storage, responsible for the unified formulation, planning and management of policies, and coordination of various policies. At the same time, a roadmap for energy storage technology development and a plan of energy storage development should be formulated.

How to improve China's energy storage policy?

1) Improve the policy system. China’s energy storage policy needs more centralized and unified rules like corporate financing policies, taxation policies, subsidies, price policies, and evaluation policies for energy storage demonstration projects.